SPY vs XHYE
State Street SPDR S&P 500 ETF Trust vs BondBloxx USD High Yield Bond Energy Sector ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | XHYE | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.35% | |
| AUM | $821.1B | $6M | |
| Dividend Yield | 1.01% | 6.41% | |
| Holdings | 505 | 211 | |
| YTD Return | +12.68% | +3.65% | |
| 1Y Return | +21.82% | +10.84% | |
| 3Y Return (annualized) | +21.98% | +8.71% | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 7.2% | |
| Max Drawdown | -56.5% | -8.9% | |
| Fund Family | State Street Investment Management | BondBloxx | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Feb 15, 2022 |
SPY vs XHYE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and BondBloxx USD High Yield Bond Energy Sector ETF (XHYE) is a ETF from BondBloxx. Over the past year SPY returned +21.82% while XHYE returned +10.84%. Year to date, SPY is up 12.68% versus a gain of 3.65% for XHYE.
Over three years, SPY compounded at +21.98% per year against +8.71% for XHYE. Across the full 4-year window we track, SPY has the edge at +8.81% annualized vs +6.40%. 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 7.2% for XHYE. 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 -8.9% for XHYE. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while XHYE 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 6.41% for XHYE.
Holdings Overlap
SPY and XHYE share 0 holdings out of 683 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 XHYE?
SPY has an expense ratio of 0.09% while XHYE 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 XHYE?
Over the past year SPY returned +21.82% vs +10.84% for XHYE, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.81% vs +6.40% for XHYE. Past performance does not guarantee future results.
Which is riskier, SPY or XHYE?
SPY has been the more volatile fund at 15.3% annualized versus 7.2% for XHYE. Worst drawdown: SPY -56.5% vs XHYE -8.9%.
Should I hold both SPY and XHYE?
SPY and XHYE have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and XHYE?
SPY and XHYE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 683 unique securities.
Which pays a higher dividend, SPY or XHYE?
SPY yields 1.01% while XHYE yields 6.41%, so XHYE currently pays the higher dividend yield.
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