HYSD vs SPY
Columbia Short Duration High Yield ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HYSD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.44% | 0.09% | |
| AUM | $105M | $821.1B | |
| Dividend Yield | 5.86% | 1.01% | |
| Holdings | 294 | 505 | |
| YTD Return | +2.05% | +12.22% | |
| 1Y Return | +4.60% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 2.1% | 15.3% | |
| Max Drawdown | -2.7% | -56.5% | |
| Fund Family | Columbia Threadneedle Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 5, 2024 | Jan 22, 1993 |
HYSD vs SPY Performance
Columbia Short Duration High Yield ETF (HYSD) is a ETF from Columbia Threadneedle Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year HYSD returned +4.60% while SPY returned +20.83%. Year to date, HYSD is up 2.05% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.1% for HYSD. 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 -2.7% for HYSD 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYSD charges 0.44% per year while SPY charges 0.09%. On a $10,000 position that is $44 vs $9 annually, a gap of $35 per year that compounds over a long holding period. On income, HYSD currently yields 5.86% against 1.01% for SPY.
Holdings Overlap
HYSD and SPY share 0 holdings out of 755 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, HYSD or SPY?
HYSD has an expense ratio of 0.44% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, HYSD or SPY?
Over the past year HYSD returned +4.60% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), HYSD annualized +5.22% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, HYSD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.1% for HYSD. Worst drawdown: HYSD -2.7% vs SPY -56.5%.
Should I hold both HYSD and SPY?
HYSD and SPY have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYSD and SPY?
HYSD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 755 unique securities.
Which pays a higher dividend, HYSD or SPY?
HYSD yields 5.86% while SPY yields 1.01%, so HYSD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.