HYPG vs SPY

Quick Verdict

SPY offers more diversification with 503 holdings.

Lower Fees: TiedHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricHYPGSPYWinner
Expense Ratio-0.09%
AUM$115M$789.1B
Dividend Yield0.00%1.01%
Holdings1505
YTD Return-23.60%+13.10%
1Y Return-+22.80%
3Y Return (annualized)-+20.98%
5Y Return (annualized)-+13.20%
Volatility (annualized)-15.3%
Max Drawdown-28.8%-56.5%
Fund FamilyGrayscaleState Street Investment Management
CategoryAlternativeEquity
InceptionJun 3, 2026Jan 22, 1993

HYPG vs SPY Performance

Grayscale Hyperliquid Staking ETF (HYPG) is a ETF from Grayscale and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, HYPG is down 23.60% versus a gain of 13.10% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -28.8% for HYPG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Holdings Overlap

0.0%overlap

HYPG and SPY share 0 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Frequently Asked Questions

What is the holdings overlap between HYPG and SPY?

HYPG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.

Which pays a higher dividend, HYPG or SPY?

HYPG yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

Get Full ETF Analytics

Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.

See inside every ETF you own
$29/moCancel anytime.
Try FundXLS →