SPY vs STHH

Quick Verdict

SPY has a lower expense ratio. STHH delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: STHHMore Diversified: SPY

Side-by-Side Comparison

MetricSPYSTHHWinner
Expense Ratio0.09%0.19%
AUM$789.1B$7M
Dividend Yield1.01%0.68%
Holdings5052
YTD Return+13.68%+103.86%
1Y Return+21.53%+115.35%
3Y Return (annualized)+21.44%-
5Y Return (annualized)+13.18%-
Volatility (annualized)15.3%64.6%
Max Drawdown-56.5%-38.0%
Fund FamilyState Street Investment ManagementADRH
CategoryEquityEquity
InceptionJan 22, 1993Mar 13, 2025

SPY vs STHH Performance

State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and STMicroelectronics NV ADRhedged (STHH) is a ETF from ADRH. Over the past year SPY returned +21.53% while STHH returned +115.35%. Year to date, SPY is up 13.68% versus a gain of 103.86% for STHH.

Risk: Volatility and Drawdowns

STHH has been the more volatile fund, with annualized monthly volatility of 64.6% 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 -56.5% for SPY and -38.0% for STHH. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

SPY charges 0.09% per year while STHH charges 0.19%. On a $10,000 position that is $9 vs $19 annually, a gap of $10 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.68% for STHH.

Holdings Overlap

0.0%overlap

SPY and STHH 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, SPY or STHH?

SPY has an expense ratio of 0.09% while STHH charges 0.19%. SPY is the cheaper option. On a $10,000 investment, that is $10 per year of difference.

Which performed better, SPY or STHH?

Over the past year SPY returned +21.53% vs +115.35% for STHH, so STHH leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.85% vs +72.45% for STHH. Past performance does not guarantee future results.

Which is riskier, SPY or STHH?

STHH has been the more volatile fund at 64.6% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs STHH -38.0%.

Should I hold both SPY and STHH?

SPY and STHH have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between SPY and STHH?

SPY and STHH share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.

Which pays a higher dividend, SPY or STHH?

SPY yields 1.01% while STHH yields 0.68%, so SPY currently pays the higher dividend yield.

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