HYTR vs SPY
Counterpoint High Yield Trend 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 503 holdings.
Side-by-Side Comparison
| Metric | HYTR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.88% | 0.09% | |
| AUM | $289M | $789.1B | |
| Dividend Yield | 5.74% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +0.85% | +13.39% | |
| 1Y Return | +3.82% | +22.52% | |
| 3Y Return (annualized) | +6.13% | +21.36% | |
| 5Y Return (annualized) | +2.09% | +13.19% | |
| Volatility (annualized) | 5.3% | 15.3% | |
| Max Drawdown | -14.2% | -56.5% | |
| Fund Family | Counterpoint Mutual Funds | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 22, 2020 | Jan 22, 1993 |
HYTR vs SPY Performance
Counterpoint High Yield Trend ETF (HYTR) is a ETF from Counterpoint Mutual Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year HYTR returned +3.82% while SPY returned +22.52%. Year to date, HYTR is up 0.85% versus a gain of 13.39% for SPY.
Over three years, HYTR compounded at +6.13% per year against +21.36% for SPY; over five years the annualized figures are +2.09% and +13.19% respectively. Across the full 7-year window we track, SPY has the edge at +8.84% annualized vs +1.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.3% for HYTR. 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 -14.2% for HYTR 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HYTR charges 0.88% per year while SPY charges 0.09%. On a $10,000 position that is $88 vs $9 annually, a gap of $79 per year that compounds over a long holding period. On income, HYTR currently yields 5.74% against 1.01% for SPY.
Holdings Overlap
HYTR 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, HYTR or SPY?
HYTR has an expense ratio of 0.88% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, HYTR or SPY?
Over the past year HYTR returned +3.82% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), HYTR annualized +1.26% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, HYTR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.3% for HYTR. Worst drawdown: HYTR -14.2% vs SPY -56.5%.
Should I hold both HYTR and SPY?
HYTR and SPY have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYTR and SPY?
HYTR and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, HYTR or SPY?
HYTR yields 5.74% while SPY yields 1.01%, so HYTR currently pays the higher dividend yield.
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