RYSE vs SPY
Vest 10 Year Interest Rate 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 503 holdings.
Side-by-Side Comparison
| Metric | RYSE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.94% | 0.09% | |
| AUM | $2M | $789.1B | |
| Dividend Yield | 1.97% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +2.28% | +13.39% | |
| 1Y Return | +2.19% | +22.52% | |
| 3Y Return (annualized) | +6.15% | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 15.8% | 15.3% | |
| Max Drawdown | -19.9% | -56.5% | |
| Fund Family | CBOE Vest | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Feb 3, 2023 | Jan 22, 1993 |
RYSE vs SPY Performance
Vest 10 Year Interest Rate Hedge ETF (RYSE) is a ETF from CBOE Vest and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RYSE returned +2.19% while SPY returned +22.52%. Year to date, RYSE is up 2.28% versus a gain of 13.39% for SPY.
Over three years, RYSE compounded at +6.15% per year against +21.36% for SPY. Across the full 3-year window we track, SPY has the edge at +8.84% annualized vs +6.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RYSE has been the more volatile fund, with annualized monthly volatility of 15.8% 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 -19.9% for RYSE 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 -0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RYSE charges 0.94% per year while SPY charges 0.09%. On a $10,000 position that is $94 vs $9 annually, a gap of $85 per year that compounds over a long holding period. On income, RYSE currently yields 1.97% against 1.01% for SPY.
Holdings Overlap
RYSE 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, RYSE or SPY?
RYSE has an expense ratio of 0.94% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, RYSE or SPY?
Over the past year RYSE returned +2.19% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), RYSE annualized +6.37% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, RYSE or SPY?
RYSE has been the more volatile fund at 15.8% annualized versus 15.3% for SPY. Worst drawdown: RYSE -19.9% vs SPY -56.5%.
Should I hold both RYSE and SPY?
RYSE and SPY have a monthly-return correlation of -0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RYSE and SPY?
RYSE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, RYSE or SPY?
RYSE yields 1.97% while SPY yields 1.01%, so RYSE currently pays the higher dividend yield.
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