RIET vs SPY
Hoya Capital High Dividend 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 | RIET | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $109M | $789.1B | |
| Dividend Yield | 10.56% | 1.01% | |
| Holdings | 100 | 505 | |
| YTD Return | +8.70% | +14.47% | |
| 1Y Return | +10.17% | +21.96% | |
| 3Y Return (annualized) | +7.38% | +21.70% | |
| 5Y Return (annualized) | -0.38% | +13.30% | |
| Volatility (annualized) | 20.8% | 15.3% | |
| Max Drawdown | -34.6% | -56.5% | |
| Fund Family | Hoya Capital Real Estate, LLC | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 21, 2021 | Jan 22, 1993 |
RIET vs SPY Performance
Hoya Capital High Dividend Yield ETF (RIET) is a ETF from Hoya Capital Real Estate, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RIET returned +10.17% while SPY returned +21.96%. Year to date, RIET is up 8.70% versus a gain of 14.47% for SPY.
Over three years, RIET compounded at +7.38% per year against +21.70% for SPY; over five years the annualized figures are -0.38% and +13.30% respectively. Across the full 5-year window we track, SPY has the edge at +8.87% annualized vs -0.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RIET has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 15.3% for SPY. 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 -34.6% for RIET 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
RIET 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, RIET currently yields 10.56% against 1.01% for SPY.
Holdings Overlap
RIET and SPY share 4 holdings out of 595 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RIET or SPY?
RIET has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, RIET or SPY?
Over the past year RIET returned +10.17% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), RIET annualized -0.38% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, RIET or SPY?
RIET has been the more volatile fund at 20.8% annualized versus 15.3% for SPY. Worst drawdown: RIET -34.6% vs SPY -56.5%.
Should I hold both RIET and SPY?
RIET 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 RIET and SPY?
RIET and SPY share 4 common holdings with a 0.2% weight overlap. Combined, they hold 595 unique securities.
Which pays a higher dividend, RIET or SPY?
RIET yields 10.56% while SPY yields 1.01%, so RIET currently pays the higher dividend yield.
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