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SPYHvsSPYMETF Comparison

ETF 1

SPYH

NEOS S&P 500 Hedged Equity Income ETF

This fund is part of

Options Strategies

+0.4%

Full SPYH fund page

VS

ETF 2

SPYM

State Street SPDR Portfolio S&P 500 ETF

This fund is part of

US Large Cap

+0.54%

Full SPYM fund page

NEOS S&P 500 Hedged Equity Income ETF (SPYH) belongs to the Options Strategies segment. State Street SPDR Portfolio S&P 500 ETF (SPYM) is part of the US Large Cap segment. SPYH's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, SPYM's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. SPYH is more expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.02% for SPYM. SPYH is up 4.52% year-to-date (YTD) with +$12M in YTD flows. SPYM performs better with 9.14% YTD performance, and +$29.15B in YTD flows. Run a side-by-side ETF comparison of SPYH 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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SPYH vs SPYM performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/12/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SPYH SPYM	+0.33%+0.54%	+5.33%+11.69%	+4.52%+9.14%	+16.21%+24.40%	n/a+78.24%	n/a+87.44%
Flows	SPYH SPYM	+$3M-$4.99B	+$4M+$18.15B	+$12M+$29.15B	+$26M+$45.71B	-+$85.63B	-+$92.77B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SPYH SPYM	+9.54%+15.28%	+8.18%+12.39%	n/a+14.95%	n/a+16.98%
Max drawdown	SPYH SPYM	-3.94%-5.52%	-5.98%-8.89%	n/a-18.74%	n/a-24.50%
Max drawdown duration	SPYH SPYM	22d21d	50d76d	n/a126d	n/a708d

Trading data

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	SPYH	SPYM
Last sale 6/12/2026 at 1:30 PM	$55.71
Previous close 06/11/2026	$55.50
Consolidated volume 06/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

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SPYH

is actively managed and doesn’t replicate an index

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	SPYH	SPYM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	SPYH	SPYM
Last price	$55.71	–
1D performance	+0.38%	–
AuM	$30.08 M	$137.51 B
E/R	0.68%	0.02%

Characteristics

	SPYH	SPYM
Management strategy	Active	Passive
Provider	NEOS Investment Management	State Street Investment Management
Benchmark	-	S&P 500 Index
N° of holdings	455	478
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 2, 2025	November 8, 2005
ESG	No	No

More SPYH data on Trackinsight

More SPYM data on Trackinsight

Exposure

Countries

SPYH

USA

99.87%

Other

0.13%

SPYM

USA

96.96%

Other

3.04%

Sectors

SPYH

Information Techn.

37.39%

Communication Ser.

11.17%

Financials

10.44%

Consumer Discreti.

10.13%

Health Care

8.42%

Industrials

7.85%

Other

14.6%

SPYM

Information Techn.

35.69%

Communication Ser.

10.97%

Consumer Discreti.

10.11%

Financials

9.89%

Health Care

8.37%

Industrials

8.08%

Other

16.89%

Diversification

SPYH

Total weight of top 15 holdings out of 15

46.19%

SPYM

Total weight of top 15 holdings out of 15

43.89%

Top 15 holdings

Data as of April 30, 2026

SPYH

NVIDIA

8.92%

APPLE

6.72%

MICROSOFT-T

5.28%

AMAZON.COM INC

4.33%

ALPHABET INC-CL

3.46%

BROADCOM LIMITED

3.35%

ALPHABET INC-CL

2.75%

META PLATFORMS

2.51%

TESLA

1.80%

BERKSHIRE HATHWAY

1.48%

JPMORGAN CHASE

1.47%

LILLY

1.12%

EXXON

1.06%

MICRON TECHNOLOGY

0.98%

WALMART INC

0.96%

SPYM

NVIDIA

7.85%

APPLE

6.45%

MICROSOFT-T

4.90%

AMAZON.COM INC

4.19%

ALPHABET INC-CL

3.62%

BROADCOM LIMITED

3.20%

ALPHABET INC-CL

2.89%

META PLATFORMS

2.17%

TESLA

1.74%

BERKSHIRE HATHWAY

1.41%

JPMORGAN CHASE

1.37%

LILLY

1.20%

EXXON

1.04%

MICRON TECHNOLOGY

0.94%

WALMART INC

0.94%

Frequently asked questions about SPYH and SPYM

How have the SPYH and SPYM ETFs performed in 2026?

As of June 12, 2026, SPYH is up 4.52% year-to-date (YTD), while SPYM has returned 9.14%. That puts SPYM better performer ahead so far this year.

Which ETF is attracting more investor money: SPYH or SPYM?

Year-to-date, the SPYH ETF saw +$12M in flows, compared to +$29.15B for SPYM.

Which ETF is more volatile: SPYH or SPYM?

Over the past year, SPYH had a volatility of 8.18%, while SPYM experienced 12.39%.

Which ETF is bigger: SPYH or SPYM?

As of June 12, 2026, SPYH holds $30.08 M in assets under management (AUM), while SPYM manages $137.51 B.

What sectors do the SPYH and SPYM ETFs invest in?

SPYH leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, SPYM focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the SPYH ETF and SPYM ETF?

SPYH top holdings include NVIDIA, APPLE and MICROSOFT-T. SPYM holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: SPYH or SPYM?

SPYH holds 480 securities with 46.19% of its assets in the top 15. SPYM has 504 securities and a top 15 weight of 43.89%.

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SPYM

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SPYM

SPYHvsSPYMETF Comparison

NEOS S&P 500 Hedged Equity Income ETF

State Street SPDR Portfolio S&P 500 ETF

SPYH vs SPYM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SPYH and SPYM ETFs performed in 2026?

As of June 12, 2026, SPYH is up 4.52% year-to-date (YTD), while SPYM has returned 9.14%. That puts SPYM better performer ahead so far this year.

Which ETF is attracting more investor money: SPYH or SPYM?

Year-to-date, the SPYH ETF saw +$12M in flows, compared to +$29.15B for SPYM.

Which ETF is more volatile: SPYH or SPYM?

Over the past year, SPYH had a volatility of 8.18%, while SPYM experienced 12.39%.

Which ETF is bigger: SPYH or SPYM?

As of June 12, 2026, SPYH holds $30.08 M in assets under management (AUM), while SPYM manages $137.51 B.

What sectors do the SPYH and SPYM ETFs invest in?

SPYH leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, SPYM focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the SPYH ETF and SPYM ETF?

SPYH top holdings include NVIDIA, APPLE and MICROSOFT-T. SPYM holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: SPYH or SPYM?

SPYH holds 480 securities with 46.19% of its assets in the top 15. SPYM has 504 securities and a top 15 weight of 43.89%.

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