SPYvsDHSBETF Comparison
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State Street SPDR S&P 500 ETF Trust (SPY) belongs to the US Large Cap segment. Day Hagan Smart Buffer ETF (DHSB) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. SPY is less expensive with a Total Expense Ratio (TER) of 0.0945%, versus 0.68% for DHSB. SPY is up 9.31% year-to-date (YTD) with +$15.59B in YTD flows. DHSB performs worse with 4.64% YTD performance, and -$4M in YTD flows. Run a side-by-side ETF comparison of SPY and DHSB 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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SPY vs DHSB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPY DHSB | -0.77%-0.05% | +3.44%+1.63% | +9.31%+4.64% | +18.18%+8.45% | +68.16%n/a | +80.99%n/a |
| Flows | SPY DHSB | +$5.90B- | +$29.49B-$6M | +$15.59B-$4M | +$23.21B-$2M | +$68.75B- | +$100.23B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPY DHSB | +13.45%+4.29% | +12.87%+4.59% | +15.06%n/a | +17.00%n/a |
| Max drawdown | SPY DHSB | -4.46%-1.30% | -8.89%-3.09% | -18.74%n/a | -24.50%n/a |
| Max drawdown duration | SPY DHSB | 58d31d | 76d44d | 126dn/a | 708dn/a |
Trading data
SPY | DHSB | |
Last sale 7/31/2026 at 1:30 PM | $747.03 | $27.19 |
| Previous close 07/30/2026 | $741.69 | $27.36 |
| 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 June 30, 2026
1-year trailing difference
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DHSB
is actively managed and doesn’t replicate an indexSPY | DHSB | |
|---|---|---|
| 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
SPY | DHSB | |
|---|---|---|
| Last price | $747.03 | $27.19 |
| 1D performance | +0.72% | -0.60% |
| AuM | $789.06 B | $38.09 M |
| E/R | 0.0945% | 0.68% |
Characteristics
SPY | DHSB | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Day Hagan Asset Management |
| Benchmark | S&P 500 Index | - |
| N° of holdings | 496 | 496 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 22, 1993 | February 13, 2025 |
| ESG | No | No |
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Exposure
Countries
SPY
USA
97.3%
Other
2.7%
DHSB
USA
97.17%
Other
2.83%
Sectors
SPY
Technology
45.7%
Finance
13.13%
Consumer Non-Cycl.
8.76%
Healthcare
8.66%
Industrials
7.93%
Other
15.81%
DHSB
Technology
45.65%
Finance
13.11%
Consumer Non-Cycl.
8.75%
Healthcare
8.65%
Industrials
7.92%
Other
15.92%
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Diversification
SPY
Total weight of top 15 holdings out of 15
43.05%
DHSB
Total weight of top 15 holdings out of 15
42.99%
Top 15 holdings
Data as of June 30, 2026
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%
DHSB
NVIDIA Corp.
7.49%
Apple, Inc.
6.57%
Microsoft Corp.
4.28%
Amazon.com, Inc.
3.60%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.76%
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.
1.46%
Berkshire Hathaway, Inc.
1.42%
JPMorgan Chase & Co.
1.36%
Intel Corp.
1.02%
Frequently asked questions about SPY and DHSB
How have the SPY and DHSB ETFs performed in 2026?
As of July 30, 2026, SPY is up 9.31% year-to-date (YTD), while DHSB has returned 4.64%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: SPY or DHSB?
Year-to-date, the SPY ETF saw +$15.59B in flows, compared to -$4M for DHSB.
Which ETF is more volatile: SPY or DHSB?
Over the past year, SPY had a volatility of 12.87%, while DHSB experienced 4.59%.
Which ETF is bigger: SPY or DHSB?
As of July 30, 2026, SPY holds $789.06 B in assets under management (AUM), while DHSB manages $38.09 M.
What sectors do the SPY and DHSB ETFs invest in?
SPY leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, DHSB focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the SPY ETF and DHSB ETF?
SPY top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. DHSB holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: SPY or DHSB?
SPY holds 501 securities with 43.05% of its assets in the top 15. DHSB has 501 securities and a top 15 weight of 42.99%.
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