SHRY vs SPY
First Trust Bloomberg Shareholder 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 503 holdings.
Side-by-Side Comparison
| Metric | SHRY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.09% | |
| AUM | $16M | $789.1B | |
| Dividend Yield | 1.68% | 1.01% | |
| Holdings | 51 | 505 | |
| YTD Return | +12.26% | +13.68% | |
| 1Y Return | +13.58% | +21.53% | |
| 3Y Return (annualized) | +14.61% | +21.44% | |
| 5Y Return (annualized) | +8.95% | +13.18% | |
| Volatility (annualized) | 17.0% | 15.3% | |
| Max Drawdown | -36.7% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 20, 2017 | Jan 22, 1993 |
SHRY vs SPY Performance
First Trust Bloomberg Shareholder Yield ETF (SHRY) is a ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SHRY returned +13.58% while SPY returned +21.53%. Year to date, SHRY is up 12.26% versus a gain of 13.68% for SPY.
Over three years, SHRY compounded at +14.61% per year against +21.44% for SPY; over five years the annualized figures are +8.95% and +13.18% respectively. Across the full 9-year window we track, SHRY has the edge at +10.87% annualized vs +8.85%. 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 15.3% 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 -36.7% for SHRY 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 0.91. 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 1.68% against 1.01% for SPY.
Holdings Overlap
SHRY and SPY share 48 holdings out of 505 unique holdings combined, representing a 13.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $51 per year of difference.
Which performed better, SHRY or SPY?
Over the past year SHRY returned +13.58% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), SHRY annualized +10.87% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SHRY or SPY?
SHRY has been the more volatile fund at 17.0% annualized versus 15.3% for SPY. Worst drawdown: SHRY -36.7% vs SPY -56.5%.
Should I hold both SHRY and SPY?
SHRY and SPY have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SHRY and SPY?
SHRY and SPY share 48 common holdings with a 13.2% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SHRY or SPY?
SHRY yields 1.68% while SPY yields 1.01%, so SHRY 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.