HCMTvsSPYETF Comparison
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Direxion HCM Tactical Enhanced US ETF (HCMT) belongs to the Alternatives segment. State Street SPDR S&P 500 ETF Trust (SPY) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. HCMT is more expensive with a Total Expense Ratio (TER) of 1.18%, versus 0.0945% for SPY. HCMT is up 0.85% year-to-date (YTD) with -$19M in YTD flows. SPY performs better with 10.09% YTD performance, and +$16.26B in YTD flows. Run a side-by-side ETF comparison of HCMT and SPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HCMT vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HCMT SPY | -5.79%+0.14% | +3.87%+3.86% | +0.85%+10.09% | +15.03%+19.44% | +47.24%+69.34% | n/a+82.61% |
| Flows | HCMT SPY | -$14M+$14.61B | -$14M+$30.95B | -$19M+$16.26B | -$13M+$22.55B | +$238M+$69.43B | -+$100.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HCMT SPY | +35.29%+13.50% | +28.22%+12.87% | +29.49%+15.06% | n/a+17.00% |
| Max drawdown | HCMT SPY | -15.61%-4.46% | -15.61%-8.89% | -36.18%-18.74% | n/a-24.50% |
| Max drawdown duration | HCMT SPY | 59d59d | 59d76d | 246d126d | n/a708d |
Trading data
HCMT | SPY | |
Last sale 7/31/2026 at 1:30 PM | $38.85 | $747.03 |
| Previous close 07/30/2026 | $38.32 | $741.69 |
| Consolidated volume 07/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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HCMT
is actively managed and doesn’t replicate an indexHCMT | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/31/2026 at 1:30 PM
Live
Closed
HCMT | SPY | |
|---|---|---|
| Last price | $38.85 | $747.03 |
| 1D performance | +1.39% | +0.72% |
| AuM | $563.27 M | $795.31 B |
| E/R | 1.18% | 0.0945% |
Characteristics
HCMT | SPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Direxion | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 495 | 496 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 22, 2023 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
HCMT
USA
86.91%
Other
13.09%
SPY
USA
97.3%
Other
2.7%
Sectors
HCMT
Technology
41.19%
Finance
11.84%
Consumer Non-Cycl.
7.89%
Healthcare
7.8%
Industrials
7.15%
Other
24.12%
SPY
Technology
45.7%
Finance
13.13%
Consumer Non-Cycl.
8.76%
Healthcare
8.66%
Industrials
7.93%
Other
15.81%
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Diversification
HCMT
Total weight of top 15 holdings out of 15
38.8%
SPY
Total weight of top 15 holdings out of 15
43.05%
Top 15 holdings
Data as of June 30, 2026
HCMT
NVIDIA Corp.
6.76%
Apple, Inc.
5.93%
Microsoft Corp.
3.86%
Amazon.com, Inc.
3.25%
Alphabet, Inc.
2.92%
Broadcom Inc.
2.49%
Alphabet, Inc.
2.33%
Micron Technology, Inc.
1.81%
Meta Platforms, Inc.
1.72%
Tesla, Inc.
1.65%
Eli Lilly & Co.
1.32%
Advanced Micro Devices, Inc.
1.32%
Berkshire Hathaway, Inc.
1.28%
JPMorgan Chase & Co.
1.22%
Intel Corp.
0.92%
SPY
NVIDIA Corp.
7.50%
Apple, Inc.
6.57%
Microsoft Corp.
4.29%
Amazon.com, Inc.
3.61%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.77%
Alphabet, Inc.
2.58%
Micron Technology, Inc.
2.01%
Meta Platforms, Inc.
1.91%
Tesla, Inc.
1.83%
Eli Lilly & Co.
1.47%
Advanced Micro Devices, Inc.
1.47%
Berkshire Hathaway, Inc.
1.42%
JPMorgan Chase & Co.
1.36%
Intel Corp.
1.02%
Frequently asked questions about HCMT and SPY
How have the HCMT and SPY ETFs performed in 2026?
As of July 31, 2026, HCMT is up 0.85% year-to-date (YTD), while SPY has returned 10.09%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: HCMT or SPY?
Year-to-date, the HCMT ETF saw -$19M in flows, compared to +$16.26B for SPY.
Which ETF is more volatile: HCMT or SPY?
Over the past year, HCMT had a volatility of 28.22%, while SPY experienced 12.87%.
Which ETF is bigger: HCMT or SPY?
As of July 31, 2026, HCMT holds $563.27 M in assets under management (AUM), while SPY manages $795.31 B.
What sectors do the HCMT and SPY ETFs invest in?
HCMT leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SPY focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the HCMT ETF and SPY ETF?
HCMT top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: HCMT or SPY?
HCMT holds 503 securities with 38.8% of its assets in the top 15. SPY has 501 securities and a top 15 weight of 43.05%.
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