SHRY vs SPY
First Trust Bloomberg Shareholder Yield ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SHRY or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 41.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SHRY | SPY |
|---|---|---|
| Expense Ratio | 0.60% | 0.09%Best |
| AUM | $17M | $814.4B |
| Dividend Yield | 1.62% | 1.01% |
| Holdings | 102 | 505 |
| YTD Return | +12.21% | +12.71%Best |
| 1Y Return | +12.08% | +19.36%Best |
| 3Y Return (annualized) | +15.37% | +21.09%Best |
| 5Y Return (annualized) | +8.89% | +12.69%Best |
| Volatility (annualized) | 17.0% | 15.9%Best |
| Max Drawdown | -36.7% | -34.1%Best |
| $10,000 over 5 years | $15,309 | $18,173Best |
| Top 10 Weight | 41.5% | 38.0%Best |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jun 20, 2017 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 22, 2017 to Sep 8, 2026 (9.2 years).
SHRY vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.2 years both funds cover.
SHRY vs SPY Performance
First Trust Bloomberg Shareholder Yield ETF (SHRY) is an ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SHRY returned +12.08% while SPY returned +19.36%. Year to date, SHRY is up 12.21% versus a gain of 12.71% for SPY.
Over three years, SHRY compounded at +15.37% per year against +21.09% for SPY; over five years the annualized figures are +8.89% and +12.69% respectively. Across the full 9-year window we track, SPY has the edge at +14.19% annualized vs +10.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SHRY has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 15.9% 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 -36.7% for SHRY and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SHRY charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, SHRY currently yields 1.62% against 1.01% for SPY.
Holdings Overlap
98.3% of SHRY's money is in holdings SPY also owns. 23.2% of SPY's money is in holdings SHRY also owns.
Most of SHRY is already inside SPY. Owning both mostly buys the same companies twice.
49 positions in common, counted across the 50 positions we hold weights for in SHRY and 503 in SPY, against full books of 102 and 505.
What only one of them owns
Our book lists 444 positions for SPY that do not appear in our book for SHRY (76.2% of the fund), and 0 for SHRY that do not appear in SPY (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SHRY | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple Inc Ord | 0.87% | 6.83% | 5.96% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 0.63% | 5.50% | 4.87% |
| HPQHp Inc. | 5.93% | 0.04% | 5.89% |
| OMCOmnicom Group Inc. | 5.12% | 0.04% | 5.08% |
| FISVFiserv Inc. | 5.04% | 0.04% | 5.00% |
| CMCSACOMCAST CORP CLASS A | 4.60% | 0.13% | 4.47% |
| ACNAccenture Plc Class A | 3.99% | 0.16% | 3.83% |
| TMUST-mobile Us, Inc. | 3.80% | 0.12% | 3.68% |
| AMPAmeriprise Financial Inc. | 3.65% | 0.07% | 3.58% |
| STZConstellation Brands Inc | 3.55% | 0.03% | 3.52% |
98.3% of SHRY is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SHRY or SPY?
SHRY has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, SHRY or SPY?
Over the past year SHRY returned +12.08% vs +19.36% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), SHRY annualized +10.77% vs +14.19% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SHRY or SPY?
SHRY has been the more volatile fund at 17.0% annualized versus 15.9% for SPY. Worst drawdown: SHRY -36.7% vs SPY -34.1%.
Should I hold both SHRY and SPY?
SHRY and SPY have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SHRY and SPY?
98.3% of SHRY's money is in holdings SPY also owns. 23.2% of SPY's is in holdings SHRY also owns. They hold 49 positions in common, counted across the 50 positions we hold weights for in SHRY and 503 in SPY.
Which pays a higher dividend, SHRY or SPY?
SHRY yields 1.62% while SPY yields 1.01%, so SHRY currently pays the higher dividend yield.
Is SPY better than SHRY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.