HYTR vs. SPYD

Last updated Jun 5, 2026

HYTR (CP High Yield Trend ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - HYTR is a High Yield Bonds fund tracking the CP High Yield Trend Index, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. Over the past 5 years, HYTR returned 2.09%/yr vs 7.01%/yr for SPYD. At a 0.42 correlation, their price movements are largely independent. HYTR charges 0.97%/yr vs 0.07%/yr for SPYD.

Performance

HYTR vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CP High Yield Trend ETF (HYTR) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYTR achieves a 0.35% return, which is significantly lower than SPYD's 11.64% return.

HYTR

• 1D: 0.11%
• 1M: 0.37%
• YTD: 0.35%
• 6M: 0.72%
• 1Y: 5.23%
• 3Y*: 6.52%
• 5Y*: 2.09%
• 10Y*: —

SPYD

• 1D: 1.19%
• 1M: 1.96%
• YTD: 11.64%
• 6M: 12.50%
• 1Y: 18.54%
• 3Y*: 14.97%
• 5Y*: 7.01%
• 10Y*: 8.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYTR vs. SPYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HYTR CP High Yield Trend ETF	0.35%	5.95%	7.25%	8.31%	-11.29%	2.75%	-0.95%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	11.64%	4.65%	15.34%	3.91%	-1.17%	32.73%	-12.09%

Correlation

The correlation between HYTR and SPYD is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.42

The correlation between HYTR and SPYD has been stable across timeframes, ranging from 0.42 to 0.50 - a consistent structural relationship.

HYTR vs. SPYD - Sectors Allocation Comparison

Sectors	HYTR	SPYD
Energy	90.3%	9.2%
Technology	9.3%	2.7%
Real Estate	0.5%	25.8%
Basic Materials	-	3.4%
Communication Services	-	5.1%
Consumer Cyclical	-	6.5%
Consumer Defensive	-	16.3%
Financial Services	-	12.1%
Healthcare	-	5.2%
Industrials	-	2.3%
Utilities	-	11.4%

Return for Risk

HYTR vs. SPYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYTR

HYTR Risk / Return Rank: 44
HYTR Sharpe Ratio Rank: 41
HYTR Sortino Ratio Rank: 42
HYTR Omega Ratio Rank: 44
HYTR Calmar Ratio Rank: 47
HYTR Martin Ratio Rank: 47

SPYD

SPYD Risk / Return Rank: 48
SPYD Sharpe Ratio Rank: 47
SPYD Sortino Ratio Rank: 50
SPYD Omega Ratio Rank: 44
SPYD Calmar Ratio Rank: 55
SPYD Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYTR vs. SPYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HYTR	SPYD	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.60	-0.16
Sortino ratio: Return per unit of downside risk	2.10	2.41	-0.31
Omega ratio: Gain probability vs. loss probability	1.28	1.27	0.00
Calmar ratio: Return relative to maximum drawdown	2.31	2.64	-0.33
Martin ratio: Return relative to average drawdown	7.61	7.67	-0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYTR vs. SPYD - Sharpe Ratio Comparison

The current HYTR Sharpe Ratio is 1.44, which is comparable to the SPYD Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of HYTR and SPYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYTR	SPYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	1.60	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.44	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.47	-0.18

Drawdowns

HYTR vs. SPYD - Drawdown Comparison

The maximum HYTR drawdown since its inception was -13.25%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for HYTR and SPYD.

Drawdown Indicators

	HYTR	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-13.25%	-46.42%	+33.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.28%	-7.05%	+4.77%
Max Drawdown (3Y) Largest decline over 3 years	-4.93%	-16.13%	+11.20%
Max Drawdown (5Y) Largest decline over 5 years	-13.25%	-22.25%	+9.00%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.42%	—
Current Drawdown Current decline from peak	-0.56%	0.00%	-0.56%
Average Drawdown Average peak-to-trough decline	-4.13%	-6.17%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	2.42%	-1.73%

Volatility

HYTR vs. SPYD - Volatility Comparison

The current volatility for CP High Yield Trend ETF (HYTR) is 1.09%, while State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 2.70%. This indicates that HYTR experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYTR	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	2.70%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	7.73%	-5.09%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	11.67%	-8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.62%	16.14%	-10.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.86%	19.78%	-13.92%

HYTR vs. SPYD - Expense Ratio Comparison

HYTR has a 0.97% expense ratio, which is higher than SPYD's 0.07% expense ratio.

Dividends

HYTR vs. SPYD - Dividend Comparison

HYTR's dividend yield for the trailing twelve months is around 5.70%, more than SPYD's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYTR CP High Yield Trend ETF	5.70%	5.78%	5.55%	5.43%	1.24%	3.70%	3.05%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	4.16%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%

Frequently Asked Questions

Can I hold both HYTR and SPYD in my portfolio?

HYTR and SPYD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYTR or SPYD?

SPYD has higher volatility (2.70%) compared to HYTR (1.09%). In terms of maximum drawdown, HYTR dropped -13.25% vs SPYD's -46.42%.

Which ETF is better, HYTR or SPYD?

On 5-year performance, SPYD leads with 7.01% vs 2.09% for HYTR. On fees, SPYD is cheaper at 0.07% per year. On volatility, HYTR has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYTR or SPYD?

Over the 5-year period, SPYD has performed better with a 7.01% return vs 2.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYTR or SPYD?

SPYD is cheaper with a 0.07% expense ratio, compared with 0.97% for HYTR.

Which ETF pays a higher dividend yield, HYTR or SPYD?

HYTR has the higher dividend yield at 5.70%, compared with 4.16% for SPYD.

What is the main difference between HYTR and SPYD?

HYTR is categorized as High Yield Bonds, while SPYD is S&P 500. HYTR tracks CP High Yield Trend Index, while SPYD tracks S&P 500 High Dividend Index. They also come from different issuers: Counterpoint Mutual Funds LLC and State Street. Their fees differ too: 0.97% for HYTR and 0.07% for SPYD.

Which has better risk-adjusted returns?

SPYD currently has the higher Sharpe Ratio (1.60 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.