HEFT vs SPY
Hedgeye Fourth Turning ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HEFT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.09% | |
| AUM | $82M | $814.4B | |
| Dividend Yield | 0.02% | 1.01% | |
| Holdings | 51 | 505 | |
| YTD Return | +4.72% | +12.87% | |
| 1Y Return | - | +21.13% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +12.69% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -9.2% | -56.5% | |
| Fund Family | Hedgeye Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2025 | Jan 22, 1993 |
HEFT vs SPY Performance
Hedgeye Fourth Turning ETF (HEFT) is a ETF from Hedgeye Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, HEFT is up 4.72% versus a gain of 12.87% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -9.2% for HEFT 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
HEFT charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, HEFT currently yields 0.02% against 1.01% for SPY.
Holdings Overlap
HEFT and SPY share 36 holdings out of 516 unique holdings combined, representing a 38.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HEFT or SPY?
HEFT has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
What is the holdings overlap between HEFT and SPY?
HEFT and SPY share 36 common holdings with a 38.7% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, HEFT or SPY?
HEFT yields 0.02% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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