QBER vs SPY
TrueShares Quarterly Bear Hedge 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 | QBER | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $72M | $814.4B | |
| Dividend Yield | 3.28% | 1.01% | |
| Holdings | 21 | 505 | |
| YTD Return | -0.29% | +12.60% | |
| 1Y Return | -3.87% | +20.83% | |
| 3Y Return (annualized) | - | +20.98% | |
| 5Y Return (annualized) | - | +12.56% | |
| Volatility (annualized) | 2.5% | 15.3% | |
| Max Drawdown | -8.7% | -56.5% | |
| Fund Family | TrueShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 28, 2024 | Jan 22, 1993 |
QBER vs SPY Performance
TrueShares Quarterly Bear Hedge ETF (QBER) is a ETF from TrueShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QBER returned -3.87% while SPY returned +20.83%. Year to date, QBER is down 0.29% versus a gain of 12.60% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.5% for QBER. 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 -8.7% for QBER 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 -0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QBER charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, QBER currently yields 3.28% against 1.01% for SPY.
Holdings Overlap
QBER 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
Which is cheaper, QBER or SPY?
QBER has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, QBER or SPY?
Over the past year QBER returned -3.87% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), QBER annualized -1.63% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, QBER or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.5% for QBER. Worst drawdown: QBER -8.7% vs SPY -56.5%.
Should I hold both QBER and SPY?
QBER and SPY have a monthly-return correlation of -0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QBER and SPY?
QBER and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, QBER or SPY?
QBER yields 3.28% while SPY yields 1.01%, so QBER 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.