HYPG vs SPY

HYPG vs SPY
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Quick Verdict

SPY offers more diversification with 505 holdings.

Lower Fees: TiedHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricHYPGSPYWinner
Expense Ratio-0.09%
AUM$115M$821.1B
Dividend Yield0.00%1.01%
Holdings1505
YTD Return+16.12%+13.47%
1Y Return-+20.57%
3Y Return (annualized)-+21.83%
5Y Return (annualized)-+12.88%
Volatility (annualized)-15.3%
Max Drawdown-28.8%-56.5%
Fund FamilyGrayscaleState Street Investment Management
CategoryAlternativeEquity
InceptionJun 3, 2026Jan 22, 1993

HYPG vs SPY Performance

Grayscale Hyperliquid Staking ETF (HYPG) is a ETF from Grayscale and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, HYPG is up 16.12% versus a gain of 13.47% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -28.8% for HYPG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Holdings Overlap

0.0%overlap

HYPG and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Frequently Asked Questions

What is the holdings overlap between HYPG and SPY?

HYPG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.

Which pays a higher dividend, HYPG or SPY?

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

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