SPYH vs VTI
NEOS S&P 500 Hedged Equity Income ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | SPYH | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.03% | |
| AUM | $30M | $666.9B | |
| Dividend Yield | 8.36% | 1.07% | |
| Holdings | 490 | 3,543 | |
| YTD Return | +2.75% | +13.14% | |
| 1Y Return | +9.00% | +22.35% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 7.8% | 15.3% | |
| Max Drawdown | -7.7% | -56.6% | |
| Fund Family | NEOS | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 2, 2025 | May 24, 2001 |
SPYH vs VTI Performance
NEOS S&P 500 Hedged Equity Income ETF (SPYH) is a ETF from NEOS and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year SPYH returned +9.00% while VTI returned +22.35%. Year to date, SPYH is up 2.75% versus a gain of 13.14% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.8% for SPYH. 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 -7.7% for SPYH and -56.6% for VTI. 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPYH charges 0.68% per year while VTI charges 0.03%. On a $10,000 position that is $68 vs $3 annually, a gap of $65 per year that compounds over a long holding period. On income, SPYH currently yields 8.36% against 1.07% for VTI.
Holdings Overlap
SPYH and VTI share 437 holdings out of 2825 unique holdings combined, representing a 79.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, SPYH or VTI?
SPYH has an expense ratio of 0.68% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, SPYH or VTI?
Over the past year SPYH returned +9.00% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (1 years), SPYH annualized +16.74% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, SPYH or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 7.8% for SPYH. Worst drawdown: SPYH -7.7% vs VTI -56.6%.
Should I hold both SPYH and VTI?
SPYH and VTI have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPYH and VTI?
SPYH and VTI share 437 common holdings with a 79.0% weight overlap. Combined, they hold 2825 unique securities.
Which pays a higher dividend, SPYH or VTI?
SPYH yields 8.36% while VTI yields 1.07%, so SPYH currently pays the higher dividend yield.
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