SPY vs ZHOG
SPY vs ZHOG
State Street SPDR S&P 500 ETF Trust vs F/m Opportunistic Income 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 | ZHOG | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.43% | |
| AUM | $789.1B | $46M | |
| Dividend Yield | 1.01% | 5.47% | |
| Holdings | 505 | 116 | |
| YTD Return | +13.28% | +0.98% | |
| 1Y Return | +23.94% | +3.94% | |
| 3Y Return (annualized) | +21.07% | +6.71% | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.3% | 5.1% | |
| Max Drawdown | -56.5% | -3.7% | |
| Fund Family | State Street Investment Management | F-m investments | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Sep 6, 2023 |
SPY vs ZHOG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and F/m Opportunistic Income ETF (ZHOG) is a ETF from F-m investments. Over the past year SPY returned +23.94% while ZHOG returned +3.94%. Year to date, SPY is up 13.28% versus a gain of 0.98% for ZHOG.
Over three years, SPY compounded at +21.07% per year against +6.71% for ZHOG. Across the full 3-year window we track, SPY has the edge at +8.84% annualized vs +6.71%. 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 5.1% for ZHOG. 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 -3.7% for ZHOG. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while ZHOG charges 0.43%. On a $10,000 position that is $9 vs $43 annually, a gap of $34 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 5.47% for ZHOG.
Holdings Overlap
SPY and ZHOG share 0 holdings out of 527 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 ZHOG?
SPY has an expense ratio of 0.09% while ZHOG charges 0.43%. SPY is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, SPY or ZHOG?
Over the past year SPY returned +23.94% vs +3.94% for ZHOG, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.84% vs +6.71% for ZHOG. Past performance does not guarantee future results.
Which is riskier, SPY or ZHOG?
SPY has been the more volatile fund at 15.3% annualized versus 5.1% for ZHOG. Worst drawdown: SPY -56.5% vs ZHOG -3.7%.
Should I hold both SPY and ZHOG?
SPY and ZHOG have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and ZHOG?
SPY and ZHOG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, SPY or ZHOG?
SPY yields 1.01% while ZHOG yields 5.47%, so ZHOG currently pays the higher dividend yield.
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