HEDGvsSPYMETF Comparison
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Equable Shares Hedged Equity ETF (HEDG) belongs to the Options Strategies segment. State Street SPDR Portfolio S&P 500 ETF (SPYM) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. HEDG is more expensive with a Total Expense Ratio (TER) of 0.96%, versus 0.02% for SPYM. HEDG is up 2.98% year-to-date (YTD) with +$72M in YTD flows. SPYM performs better with 7.56% YTD performance, and +$52.37B in YTD flows. Run a side-by-side ETF comparison of HEDG and SPYM 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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HEDG vs SPYM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEDG SPYM | -0.19%-1.60% | +0.55%+2.81% | +2.98%+7.56% | n/a+16.19% | n/a+65.81% | n/a+77.66% |
| Flows | HEDG SPYM | +$5M+$8.80B | +$21M+$19.82B | +$72M+$52.37B | -+$63.51B | -+$107.94B | -+$115.31B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEDG SPYM | +4.05%+13.21% | n/a+12.78% | n/a+15.05% | n/a+17.00% |
| Max drawdown | HEDG SPYM | -1.18%-4.46% | n/a-8.89% | n/a-18.74% | n/a-24.50% |
| Max drawdown duration | HEDG SPYM | 14d57d | n/a76d | n/a126d | n/a708d |
Trading data
HEDG | SPYM | |
Last sale 7/30/2026 at 1:30 PM | $30.13 | |
| Previous close 07/29/2026 | $29.88 | |
| Consolidated volume 07/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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HEDG
is actively managed and doesn’t replicate an indexHEDG | SPYM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/30/2026 at 1:30 PM
Live
Closed
HEDG | SPYM | |
|---|---|---|
| Last price | $30.13 | – |
| 1D performance | +0.84% | – |
| AuM | $421.04 M | $158.25 B |
| E/R | 0.96% | 0.02% |
Characteristics
HEDG | SPYM | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Equable Shares | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 497 | 498 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 13, 2025 | November 8, 2005 |
| ESG | No | No |
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Exposure
Countries
HEDG
USA
94.45%
Other
5.55%
SPYM
USA
98.27%
Other
1.73%
Sectors
HEDG
Technology
44.34%
Finance
12.74%
Consumer Non-Cycl.
8.5%
Healthcare
8.4%
Industrials
7.7%
Other
18.32%
SPYM
Technology
46.16%
Finance
13.26%
Consumer Non-Cycl.
8.85%
Healthcare
8.74%
Industrials
8.01%
Other
14.97%
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Diversification
HEDG
Total weight of top 15 holdings out of 15
41.76%
SPYM
Total weight of top 15 holdings out of 15
43.48%
Top 15 holdings
Data as of June 30, 2026
HEDG
NVIDIA Corp.
7.27%
Apple, Inc.
6.38%
Microsoft Corp.
4.16%
Amazon.com, Inc.
3.50%
Alphabet, Inc.
3.14%
Broadcom Inc.
2.68%
Alphabet, Inc.
2.51%
Micron Technology, Inc.
1.95%
Meta Platforms, Inc.
1.86%
Tesla, Inc.
1.78%
Eli Lilly & Co.
1.42%
Advanced Micro Devices, Inc.
1.42%
Berkshire Hathaway, Inc.
1.38%
JPMorgan Chase & Co.
1.32%
Intel Corp.
0.99%
SPYM
NVIDIA Corp.
7.57%
Apple, Inc.
6.64%
Microsoft Corp.
4.33%
Amazon.com, Inc.
3.65%
Alphabet, Inc.
3.27%
Broadcom Inc.
2.79%
Alphabet, Inc.
2.61%
Micron Technology, Inc.
2.03%
Meta Platforms, Inc.
1.93%
Tesla, Inc.
1.85%
Eli Lilly & Co.
1.48%
Advanced Micro Devices, Inc.
1.48%
Berkshire Hathaway, Inc.
1.43%
JPMorgan Chase & Co.
1.37%
Intel Corp.
1.03%
Frequently asked questions about HEDG and SPYM
How have the HEDG and SPYM ETFs performed in 2026?
As of July 29, 2026, HEDG is up 2.98% year-to-date (YTD), while SPYM has returned 7.56%. That puts SPYM better performer ahead so far this year.
Which ETF is attracting more investor money: HEDG or SPYM?
Year-to-date, the HEDG ETF saw +$72M in flows, compared to +$52.37B for SPYM.
Which ETF is bigger: HEDG or SPYM?
As of July 29, 2026, HEDG holds $421.04 M in assets under management (AUM), while SPYM manages $158.25 B.
What sectors do the HEDG and SPYM ETFs invest in?
HEDG leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, SPYM focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the HEDG ETF and SPYM ETF?
HEDG top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SPYM holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: HEDG or SPYM?
HEDG holds 505 securities with 41.76% of its assets in the top 15. SPYM has 503 securities and a top 15 weight of 43.48%.
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