SPY vs XHYF
State Street SPDR S&P 500 ETF Trust vs BondBloxx USD High Yield Bond Financial & REIT 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 | XHYF | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.35% | |
| AUM | $821.1B | $7M | |
| Dividend Yield | 1.01% | 6.77% | |
| Holdings | 505 | 272 | |
| YTD Return | +14.24% | +0.00% | |
| 1Y Return | +21.71% | +5.99% | |
| 3Y Return (annualized) | +22.10% | +9.25% | |
| 5Y Return (annualized) | +13.21% | - | |
| Volatility (annualized) | 15.3% | 7.9% | |
| Max Drawdown | -56.5% | -12.9% | |
| Fund Family | State Street Investment Management | BondBloxx | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Feb 15, 2022 |
SPY vs XHYF Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and BondBloxx USD High Yield Bond Financial & REIT Sector ETF (XHYF) is a ETF from BondBloxx. Over the past year SPY returned +21.71% while XHYF returned +5.99%. Year to date, SPY is up 14.24% versus a gain of 0.00% for XHYF.
Over three years, SPY compounded at +22.10% per year against +9.25% for XHYF. Across the full 4-year window we track, SPY has the edge at +8.86% annualized vs +5.06%. 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 7.9% for XHYF. 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 -12.9% for XHYF. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while XHYF 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 6.77% for XHYF.
Holdings Overlap
SPY and XHYF share 0 holdings out of 730 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 XHYF?
SPY has an expense ratio of 0.09% while XHYF 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 XHYF?
Over the past year SPY returned +21.71% vs +5.99% for XHYF, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.86% vs +5.06% for XHYF. Past performance does not guarantee future results.
Which is riskier, SPY or XHYF?
SPY has been the more volatile fund at 15.3% annualized versus 7.9% for XHYF. Worst drawdown: SPY -56.5% vs XHYF -12.9%.
Should I hold both SPY and XHYF?
SPY and XHYF have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and XHYF?
SPY and XHYF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 730 unique securities.
Which pays a higher dividend, SPY or XHYF?
SPY yields 1.01% while XHYF yields 6.77%, so XHYF currently pays the higher dividend yield.
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