ETHI vs SPY
Defiance Leveraged Long + Income Ethereum ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | ETHI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.51% | 0.09% | |
| AUM | $4M | $789.1B | |
| Dividend Yield | 43.77% | 1.01% | |
| Holdings | 10 | 505 | |
| YTD Return | -15.16% | +13.79% | |
| 1Y Return | - | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -66.1% | -56.5% | |
| Fund Family | Defiance ETFs, LLC | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Sep 17, 2025 | Jan 22, 1993 |
ETHI vs SPY Performance
Defiance Leveraged Long + Income Ethereum ETF (ETHI) is a ETF from Defiance ETFs, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, ETHI is down 15.16% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -66.1% for ETHI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
ETHI charges 1.51% per year while SPY charges 0.09%. On a $10,000 position that is $151 vs $9 annually, a gap of $142 per year that compounds over a long holding period. On income, ETHI currently yields 43.77% against 1.01% for SPY.
Holdings Overlap
ETHI and SPY share 0 holdings out of 506 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, ETHI or SPY?
ETHI has an expense ratio of 1.51% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $142 per year of difference.
What is the holdings overlap between ETHI and SPY?
ETHI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, ETHI or SPY?
ETHI yields 43.77% while SPY yields 1.01%, so ETHI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.