HYBX vs SPY
TCW High Yield Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HYBX or SPY?
High Yield Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | HYBX | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | - | $804.7B |
| Dividend Yield | 7.83% | 0.98% |
| Holdings | 278 | 505 |
| YTD Return | +2.50% | +12.09%Best |
| 1Y Return | +3.13% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 2.8%Best | 12.7% |
| Max Drawdown | -3.9%Best | -18.8% |
| $10,000 over 1.8 years | $10,942 | $13,154Best |
| Fund Family | TCW ETFs | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Feb 1, 1989 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Nov 18, 2024 to Sep 18, 2026 (1.8 years).
HYBX 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 covers the 1.8 years both funds cover.
HYBX vs SPY Performance
TCW High Yield Bond ETF (HYBX) is an ETF from TCW ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HYBX returned +3.13% while SPY returned +16.29%. Year to date, HYBX is up 2.50% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 2.8% for HYBX. 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 -3.9% for HYBX and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYBX charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, HYBX currently yields 7.83% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 152 holdings in HYBX and 504 in SPY, totalling 63.0% and 99.9% of the two funds. That is not enough of HYBX to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 152 positions we hold weights for in HYBX and 504 in SPY, against full books of 278 and 505.
Top Shared Holdings
| Stock | Weight in HYBX | Weight in SPY | Difference |
|---|---|---|---|
| CNPCenterPoint Energy Inc 5.95 04/01/2056 | 0.89% | 0.04% | 0.85% |
You are not choosing between two funds in isolation.
Whichever of HYBX 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, HYBX or SPY?
HYBX has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, HYBX or SPY?
Over the past year HYBX returned +3.13% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), HYBX annualized +5.13% vs +16.45% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYBX or SPY?
SPY has been the more volatile fund at 12.7% annualized versus 2.8% for HYBX. Worst drawdown: HYBX -3.9% vs SPY -18.8%.
Should I hold both HYBX and SPY?
HYBX and SPY have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HYBX or SPY?
HYBX yields 7.83% while SPY yields 0.98%, so HYBX currently pays the higher dividend yield.
Is SPY better than HYBX?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.