SHUS vs SPY
Stratified LargeCap Hedged 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 | SHUS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $25M | $789.1B | |
| Dividend Yield | 1.25% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | +13.07% | +13.39% | |
| 1Y Return | +19.93% | +22.52% | |
| 3Y Return (annualized) | +10.43% | +21.36% | |
| 5Y Return (annualized) | +6.53% | +13.19% | |
| Volatility (annualized) | 11.3% | 15.3% | |
| Max Drawdown | -14.3% | -56.5% | |
| Fund Family | Syntax Stratified | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 15, 2021 | Jan 22, 1993 |
SHUS vs SPY Performance
Stratified LargeCap Hedged ETF (SHUS) is a ETF from Syntax Stratified and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SHUS returned +19.93% while SPY returned +22.52%. Year to date, SHUS is up 13.07% versus a gain of 13.39% for SPY.
Over three years, SHUS compounded at +10.43% per year against +21.36% for SPY; over five years the annualized figures are +6.53% and +13.19% respectively. Across the full 5-year window we track, SPY has the edge at +8.84% annualized vs +6.70%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 11.3% for SHUS. 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 -14.3% for SHUS 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SHUS 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, SHUS currently yields 1.25% against 1.01% for SPY.
Holdings Overlap
SHUS 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, SHUS or SPY?
SHUS 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, SHUS or SPY?
Over the past year SHUS returned +19.93% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), SHUS annualized +6.70% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, SHUS or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 11.3% for SHUS. Worst drawdown: SHUS -14.3% vs SPY -56.5%.
Should I hold both SHUS and SPY?
SHUS and SPY have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SHUS and SPY?
SHUS and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, SHUS or SPY?
SHUS yields 1.25% while SPY yields 1.01%, so SHUS 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.