HSBH vs SPY
HSBC Holdings PLC ADRhedged vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. HSBH delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | HSBH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.09% | |
| AUM | $1M | $789.1B | |
| Dividend Yield | 2.38% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | +31.76% | +14.47% | |
| 1Y Return | +65.63% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 18.0% | 15.3% | |
| Max Drawdown | -20.7% | -56.5% | |
| Fund Family | ADRH | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 1, 2024 | Jan 22, 1993 |
HSBH vs SPY Performance
HSBC Holdings PLC ADRhedged (HSBH) is a ETF from ADRH and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year HSBH returned +65.63% while SPY returned +21.96%. Year to date, HSBH is up 31.76% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
HSBH has been the more volatile fund, with annualized monthly volatility of 18.0% compared with 15.3% for SPY. 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 -20.7% for HSBH 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HSBH charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, HSBH currently yields 2.38% against 1.01% for SPY.
Holdings Overlap
HSBH and SPY share 0 holdings out of 504 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, HSBH or SPY?
HSBH has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, HSBH or SPY?
Over the past year HSBH returned +65.63% vs +21.96% for SPY, so HSBH leads on 1-year performance. Over the longest common window we track (2 years), HSBH annualized +59.23% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, HSBH or SPY?
HSBH has been the more volatile fund at 18.0% annualized versus 15.3% for SPY. Worst drawdown: HSBH -20.7% vs SPY -56.5%.
Should I hold both HSBH and SPY?
HSBH and SPY have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HSBH and SPY?
HSBH and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, HSBH or SPY?
HSBH yields 2.38% while SPY yields 1.01%, so HSBH currently pays the higher dividend yield.
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