SPY vs XHYC
SPY vs XHYC
State Street SPDR S&P 500 ETF Trust vs BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | XHYC | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.35% | |
| AUM | $789.1B | $3M | |
| Dividend Yield | 1.01% | 6.57% | |
| Holdings | 505 | 271 | |
| YTD Return | +13.50% | +0.72% | |
| 1Y Return | +23.56% | +6.77% | |
| 3Y Return (annualized) | +21.17% | +8.33% | |
| 5Y Return (annualized) | +13.46% | - | |
| Volatility (annualized) | 15.3% | 8.0% | |
| Max Drawdown | -56.5% | -13.7% | |
| Fund Family | State Street Investment Management | BondBloxx | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Feb 15, 2022 |
SPY vs XHYC Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (XHYC) is a ETF from BondBloxx. Over the past year SPY returned +23.56% while XHYC returned +6.77%. Year to date, SPY is up 13.50% versus a gain of 0.72% for XHYC.
Over three years, SPY compounded at +21.17% per year against +8.33% for XHYC. Across the full 4-year window we track, SPY has the edge at +8.85% annualized vs +4.77%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 8.0% for XHYC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for SPY and -13.7% for XHYC. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while XHYC charges 0.35%. On a $10,000 position that is $9 vs $35 annually, a gap of $26 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 6.57% for XHYC.
Holdings Overlap
SPY and XHYC share 0 holdings out of 746 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 XHYC?
SPY has an expense ratio of 0.09% while XHYC charges 0.35%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, SPY or XHYC?
Over the past year SPY returned +23.56% vs +6.77% for XHYC, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.85% vs +4.77% for XHYC. Past performance does not guarantee future results.
Which is riskier, SPY or XHYC?
SPY has been the more volatile fund at 15.3% annualized versus 8.0% for XHYC. Worst drawdown: SPY -56.5% vs XHYC -13.7%.
Should I hold both SPY and XHYC?
SPY and XHYC have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and XHYC?
SPY and XHYC share 0 common holdings with a 0.0% weight overlap. Combined, they hold 746 unique securities.
Which pays a higher dividend, SPY or XHYC?
SPY yields 1.01% while XHYC yields 6.57%, so XHYC currently pays the higher dividend yield.
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