HBIL vs SPY
Harbor Short Term Treasury ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HBIL or SPY?
Ultrashort Term Bond against Large Cap Blend.
SPY has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HBIL | SPY |
|---|---|---|
| Expense Ratio | 0.10% | 0.09%Best |
| AUM | $6M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | - | 505 |
| YTD Return | +0.28% | +11.97%Best |
| 1Y Return | - | +16.40% |
| 3Y Return (annualized) | - | +21.10% |
| 5Y Return (annualized) | - | +12.88% |
| Fund Family | Harbor Funds | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Ultrashort Term Bond | Large Cap Blend |
| Inception | Aug 12, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
HBIL vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HBIL vs SPY Performance
Harbor Short Term Treasury ETF (HBIL) is an ETF from Harbor Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, HBIL is up 0.28% versus a gain of 11.97% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
HBIL charges 0.10% per year while SPY charges 0.09%. On a $10,000 position that is $10 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, HBIL currently yields 0.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of HBIL and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HBIL or SPY?
HBIL has an expense ratio of 0.10% while SPY charges 0.09%. SPY is the cheaper option, by $1 a year on a $10,000 investment.
Which pays a higher dividend, HBIL or SPY?
HBIL yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than HBIL?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.