DHSB vs SPY
Day Hagan Smart Buffer ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DHSB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.09% | |
| AUM | $39M | $821.1B | |
| Dividend Yield | 1.19% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +6.15% | +14.24% | |
| 1Y Return | +9.06% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 4.6% | 15.3% | |
| Max Drawdown | -7.7% | -56.5% | |
| Fund Family | Day Hagan Funds | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Feb 12, 2025 | Jan 22, 1993 |
DHSB vs SPY Performance
Day Hagan Smart Buffer ETF (DHSB) is a ETF from Day Hagan Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DHSB returned +9.06% while SPY returned +21.71%. Year to date, DHSB is up 6.15% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.6% for DHSB. 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 -7.7% for DHSB and -56.5% for SPY. 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DHSB charges 0.68% per year while SPY charges 0.09%. On a $10,000 position that is $68 vs $9 annually, a gap of $59 per year that compounds over a long holding period. On income, DHSB currently yields 1.19% against 1.01% for SPY.
Holdings Overlap
DHSB and SPY share 0 holdings out of 505 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, DHSB or SPY?
DHSB has an expense ratio of 0.68% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, DHSB or SPY?
Over the past year DHSB returned +9.06% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), DHSB annualized +7.47% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, DHSB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.6% for DHSB. Worst drawdown: DHSB -7.7% vs SPY -56.5%.
Should I hold both DHSB and SPY?
DHSB and SPY have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DHSB and SPY?
DHSB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, DHSB or SPY?
DHSB yields 1.19% while SPY yields 1.01%, so DHSB currently pays the higher dividend yield.
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