HRSK vs SPY

HRSK vs SPY
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Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricHRSKSPYWinner
Expense Ratio0.95%0.09%
AUM$35M$821.1B
Dividend Yield0.00%1.01%
Holdings123505
YTD Return+0.19%+12.68%
1Y Return-+21.82%
3Y Return (annualized)-+21.98%
5Y Return (annualized)-+12.89%
Volatility (annualized)-15.3%
Max Drawdown-2.3%-56.5%
Fund FamilyTOEWS FundsState Street Investment Management
CategoryEquityEquity
InceptionJun 15, 2026Jan 22, 1993

HRSK vs SPY Performance

Toews Agility Shares Hedged Risk ETF (HRSK) is a ETF from TOEWS Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, HRSK is up 0.19% versus a gain of 12.68% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -2.3% for HRSK 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

HRSK charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, HRSK currently yields 0.00% against 1.01% for SPY.

Holdings Overlap

28.5%overlap

HRSK and SPY share 97 holdings out of 524 unique holdings combined, representing a 28.5% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in HRSKWeight in SPYDifference
AAPL3.61%6.83%3.22%
NVDA1.36%7.71%6.35%
MSFT2.34%5.50%3.16%
AVGOProProPro
AMZNProProPro
GOOGLProProPro
JPMProProPro
GOOGProProPro
METAProProPro
WMTProProPro
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Frequently Asked Questions

Which is cheaper, HRSK or SPY?

HRSK has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.

What is the holdings overlap between HRSK and SPY?

HRSK and SPY share 97 common holdings with a 28.5% weight overlap. Combined, they hold 524 unique securities.

Which pays a higher dividend, HRSK or SPY?

HRSK yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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