SPY vs SRHQ
State Street SPDR S&P 500 ETF Trust vs SRH US Quality GARP ETF
Quick Verdict
SPY has a lower expense ratio. SRHQ delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | SRHQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.35% | |
| AUM | $821.1B | $224M | |
| Dividend Yield | 1.01% | 0.69% | |
| Holdings | 505 | 80 | |
| YTD Return | +14.24% | +26.62% | |
| 1Y Return | +21.71% | +33.05% | |
| 3Y Return (annualized) | +22.10% | +19.97% | |
| 5Y Return (annualized) | +13.21% | - | |
| Volatility (annualized) | 15.3% | 13.5% | |
| Max Drawdown | -56.5% | -18.5% | |
| Fund Family | State Street Investment Management | SRH Funds | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Oct 4, 2022 |
SPY vs SRHQ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and SRH US Quality GARP ETF (SRHQ) is a ETF from SRH Funds. Over the past year SPY returned +21.71% while SRHQ returned +33.05%. Year to date, SPY is up 14.24% versus a gain of 26.62% for SRHQ.
Over three years, SPY compounded at +22.10% per year against +19.97% for SRHQ. Across the full 4-year window we track, SRHQ has the edge at +19.94% annualized vs +8.86%. 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 13.5% for SRHQ. 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 -56.5% for SPY and -18.5% for SRHQ. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while SRHQ charges 0.35%. On a $10,000 position that is $9 vs $35 annually, a gap of $26 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.69% for SRHQ.
Holdings Overlap
SPY and SRHQ share 38 holdings out of 547 unique holdings combined, representing a 3.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or SRHQ?
SPY has an expense ratio of 0.09% while SRHQ charges 0.35%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, SPY or SRHQ?
Over the past year SPY returned +21.71% vs +33.05% for SRHQ, so SRHQ leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.86% vs +19.94% for SRHQ. Past performance does not guarantee future results.
Which is riskier, SPY or SRHQ?
SPY has been the more volatile fund at 15.3% annualized versus 13.5% for SRHQ. Worst drawdown: SPY -56.5% vs SRHQ -18.5%.
Should I hold both SPY and SRHQ?
SPY and SRHQ have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and SRHQ?
SPY and SRHQ share 38 common holdings with a 3.5% weight overlap. Combined, they hold 547 unique securities.
Which pays a higher dividend, SPY or SRHQ?
SPY yields 1.01% while SRHQ yields 0.69%, so SPY currently pays the higher dividend yield.
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