SSPY vs. HYLD

Last updated Aug 4, 2026

SSPY (Stratified LargeCap Index ETF) and HYLD (High Yield ETF) are both exchange-traded funds - SSPY is a Large Cap Blend Equities fund tracking the Syntax Stratified LargeCap Index, while HYLD is a High Yield Bonds fund actively managed by Exchange Traded Concepts. SSPY is passively managed, while HYLD is actively managed. SSPY charges 0.45%/yr vs 1.29%/yr for HYLD.

Performance

SSPY vs. HYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stratified LargeCap Index ETF (SSPY) and High Yield ETF (HYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SSPY

• 1D: 0.81%
• 1M: 1.17%
• 6M: 9.69%
• YTD: 14.08%
• 1Y: 22.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.17%

HYLD

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SSPY Stratified LargeCap Index ETF	$83.98K	$164.94K	$170.20K

SSPY vs. HYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SSPY Stratified LargeCap Index ETF	14.08%	12.88%	-0.90%
HYLD High Yield ETF	0.00%	0.00%	0.00%

Return for Risk

SSPY vs. HYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SSPY

SSPY Risk / Return Rank: 84
SSPY Sharpe Ratio Rank: 85
SSPY Sortino Ratio Rank: 87
SSPY Omega Ratio Rank: 83
SSPY Calmar Ratio Rank: 80
SSPY Martin Ratio Rank: 83

HYLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SSPY vs. HYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stratified LargeCap Index ETF (SSPY) and High Yield ETF (HYLD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SSPY	HYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.09	—	—
Sortino ratio: Return per unit of downside risk	3.05	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.06	—	—
Martin ratio: Return relative to average drawdown	11.89	—	—

Drawdowns

Drawdown Indicators

	SSPY	HYLD	Difference
Max Drawdown Largest peak-to-trough decline	-16.16%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.32%	—	—
Current Drawdown Current decline from peak	-0.17%	—	—
Average Drawdown Average peak-to-trough decline	-2.17%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	—	—

Volatility

Volatility by Period

	SSPY	HYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.72%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.22%	—	—

SSPY vs. HYLD - Expense Ratio Comparison

SSPY has a 0.45% expense ratio, which is lower than HYLD's 1.29% expense ratio.

Dividends

SSPY vs. HYLD - Dividend Comparison

SSPY's dividend yield for the trailing twelve months is around 1.21%, while HYLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%
SSPY Stratified LargeCap Index ETF	1.21%	1.38%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, SSPY or HYLD?

On fees, SSPY is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SSPY or HYLD?

SSPY is cheaper with a 0.45% expense ratio, compared with 1.29% for HYLD.

Which ETF pays a higher dividend yield, SSPY or HYLD?

SSPY has the higher dividend yield at 1.21%, compared with 0.00% for HYLD.

What is the main difference between SSPY and HYLD?

SSPY is categorized as Large Cap Blend Equities, while HYLD is High Yield Bonds. Their fees differ too: 0.45% for SSPY and 1.29% for HYLD.