SPYHvsSPYETF Comparison
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NEOS S&P 500 Hedged Equity Income ETF (SPYH) belongs to the Options Strategies 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: Information Technology, Communication Services and Financials. SPYH is more expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.0945% for SPY. SPYH is up 1.54% year-to-date (YTD) with +$9M in YTD flows. SPY performs better with 3.21% YTD performance, and -$20.80B in YTD flows. Run a side-by-side ETF comparison of SPYH 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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SPYH vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYH SPY | +2.02%+5.19% | +0.47%+1.75% | +1.54%+3.21% | +25.11%+34.98% | n/a+76.20% | n/a+80.11% |
| Flows | SPYH SPY | +$1M+$2.86B | +$6M-$17.79B | +$9M-$20.80B | +$25M-$17.63B | -+$43.21B | -+$63.55B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYH SPY | +10.20%+15.68% | +8.82%+13.05% | n/a+14.93% | n/a+16.92% |
| Max drawdown | SPYH SPY | -5.98%-8.89% | -5.98%-8.89% | n/a-18.74% | n/a-24.50% |
| Max drawdown duration | SPYH SPY | 50d76d | 50d76d | n/a126d | n/a708d |
Trading data
SPYH | SPY | |
Last sale 4/17/2026 at 1:30 PM | $55.03 | $710.14 |
| Previous close 04/16/2026 | $54.79 | $701.66 |
| Consolidated volume 04/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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SPYH
is actively managed and doesn’t replicate an indexSPYH | 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 4/17/2026 at 1:30 PM
Live
Closed
SPYH | SPY | |
|---|---|---|
| Last price | $55.03 | $710.14 |
| 1D performance | +0.45% | +1.21% |
| AuM | $26.86 M | $711.81 B |
| E/R | 0.68% | 0.0945% |
Characteristics
SPYH | SPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | NEOS Investment Management | SPDR |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 455 | 479 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2025 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
SPYH
USA
96.42%
Other
3.58%
SPY
USA
96.75%
Other
3.25%
Sectors
SPYH
Information Techn.
33.8%
Communication Ser.
10.43%
Financials
10.34%
Consumer Discreti.
9.73%
Health Care
9.4%
Industrials
8.12%
Other
18.18%
SPY
Information Techn.
33.46%
Communication Ser.
10.46%
Financials
10.26%
Consumer Discreti.
10.09%
Health Care
9.67%
Industrials
8.53%
Other
17.53%
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Diversification
SPYH
Total weight of top 15 holdings out of 15
43.06%
SPY
Total weight of top 15 holdings out of 15
42.22%
Top 15 holdings
Data as of February 28, 2026
SPYH
NVIDIA
7.97%
APPLE
6.87%
MICROSOFT-T
4.87%
AMAZON.COM INC
3.47%
ALPHABET INC-CL
3.08%
BROADCOM LIMITED
2.62%
ALPHABET INC-CL
2.47%
META PLATFORMS
2.38%
TESLA
1.96%
BERKSHIRE HATHWAY
1.56%
JPMORGAN CHASE
1.40%
LILLY
1.36%
EXXON
1.08%
JOHNSON&JOHNSON
1.01%
WALMART INC
0.96%
SPY
NVIDIA
7.31%
APPLE
6.63%
MICROSOFT-T
4.96%
AMAZON.COM INC
3.47%
ALPHABET INC-CL
3.08%
BROADCOM LIMITED
2.56%
ALPHABET INC-CL
2.46%
META PLATFORMS
2.40%
TESLA
1.92%
BERKSHIRE HATHWAY
1.57%
LILLY
1.42%
JPMORGAN CHASE
1.39%
EXXON
1.09%
JOHNSON&JOHNSON
1.02%
WALMART INC
0.95%
Frequently asked questions about SPYH and SPY
How have the SPYH and SPY ETFs performed in 2026?
As of April 16, 2026, SPYH is up 1.54% year-to-date (YTD), while SPY has returned 3.21%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: SPYH or SPY?
Year-to-date, the SPYH ETF saw +$9M in flows, compared to -$20.80B for SPY.
Which ETF is more volatile: SPYH or SPY?
Over the past year, SPYH had a volatility of 8.82%, while SPY experienced 13.05%.
Which ETF is bigger: SPYH or SPY?
As of April 16, 2026, SPYH holds $26.86 M in assets under management (AUM), while SPY manages $711.81 B.
What sectors do the SPYH and SPY ETFs invest in?
SPYH leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, SPY focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the SPYH ETF and SPY ETF?
SPYH top holdings include NVIDIA, APPLE and MICROSOFT-T. SPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPYH or SPY?
SPYH holds 478 securities with 43.06% of its assets in the top 15. SPY has 502 securities and a top 15 weight of 42.22%.
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