SPY vs THYP
SPY vs THYP
State Street SPDR S&P 500 ETF Trust vs 21Shares Hyperliquid ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | THYP | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.30% | |
| AUM | $789.1B | - | |
| Dividend Yield | 1.01% | - | |
| Holdings | 505 | 1 | |
| YTD Return | +13.79% | +34.81% | |
| 1Y Return | +23.66% | - | |
| 3Y Return (annualized) | +21.40% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -29.1% | |
| Fund Family | State Street Investment Management | 21Shares | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | May 11, 2026 |
SPY vs THYP Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and 21Shares Hyperliquid ETF (THYP) is a ETF from 21Shares. Year to date, SPY is up 13.79% versus a gain of 34.81% for THYP.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -29.1% for THYP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while THYP charges 0.30%. On a $10,000 position that is $9 vs $30 annually, a gap of $21 per year that compounds over a long holding period.
Holdings Overlap
SPY and THYP 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
Which is cheaper, SPY or THYP?
SPY has an expense ratio of 0.09% while THYP charges 0.30%. SPY is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
What is the holdings overlap between SPY and THYP?
SPY and THYP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
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