{"url":"https://etfiq.com/compare/any/spy-vs-theq","section":"compare","title":"SPY vs THEQ: ETF Differences, Returns & Fees | ETFIQ","description":"SPY vs THEQ to Nov 4, 2026: one-year total return +14.8% against +9.1%, expense ratio 0.09% against 0.46%. One stock ETF and one alternatives ETF.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Are SPY and THEQ in the same category?","acceptedAnswer":{"@type":"Answer","text":"SPY is a stock ETF and THEQ is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings."}},{"@type":"Question","name":"Which returned more over the last year, SPY or THEQ?","acceptedAnswer":{"@type":"Answer","text":"In the year to Nov 4, 2026, with distributions reinvested, SPY returned +14.8% and THEQ +9.1%."}},{"@type":"Question","name":"Which is cheaper, SPY or THEQ?","acceptedAnswer":{"@type":"Answer","text":"SPY is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":3,"name":"SPY vs THEQ","item":"https://etfiq.com/compare/any/spy-vs-theq"}]},{"@type":"WebPage","name":"SPY vs THEQ: ETF Differences, Returns & Fees","description":"SPY vs THEQ to Nov 4, 2026: one-year total return +14.8% against +9.1%, expense ratio 0.09% against 0.46%. One stock ETF and one alternatives ETF.","url":"https://etfiq.com/compare/any/spy-vs-theq","dateModified":"2026-11-04","speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"}},{"@type":"Dataset","name":"ETFIQ comparison of SPY and THEQ","description":"SPY vs THEQ to Nov 4, 2026: one-year total return +14.8% against +9.1%, expense ratio 0.09% against 0.46%. One stock ETF and one alternatives ETF.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"url":"https://etfiq.com/compare/any/spy-vs-theq","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/core.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/crypto.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/income.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":3,"name":"SPY vs THEQ","item":"https://etfiq.com/compare/any/spy-vs-theq"}]},{"@type":"WebPage","name":"SPY vs THEQ: ETF Differences, Returns & Fees","description":"SPY vs THEQ to Nov 4, 2026: one-year total return +14.8% against +9.1%, expense ratio 0.09% against 0.46%. One stock ETF and one alternatives ETF.","url":"https://etfiq.com/compare/any/spy-vs-theq","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4127,"truncated":true,"content":"ETFIQ / Compare ETFs / SPY vs THEQ \n \n Data as of Nov 4, 2026.\n ETFIQ etfiq.com \u00b7 independent ETF data \n SPY vs THEQ: Differences, Returns & Fees\n Over the year to Nov 4, 2026, SPY returned +14.8% to THEQ's +9.1%, and SPY charges 0.09% to THEQ's 0.46%.\n Copy this for sharing \n SPY costs 0.37 points a year less; their one-year returns differ by 5.7 points; SPY is far larger, $804.8bn against $38m.\n SPY and THEQ at a glance. As of Nov 4, 2026. Source: ETFIQ. SPY THEQ \n Expense ratio 0.09% 0.46% \n Net assets, as of Nov 3, 2026 $804.8bn $38m \n Total return, 1 year +14.8% +9.1% \n What it tracks S&P","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, SPY against THEQ, data as of Nov 4, 2026. https://etfiq.com/compare/any/spy-vs-theq","a":{"ticker":"SPY","name":"SPDR S&P 500 ETF Trust","issuer":"State Street","desk":"core","as_of":"2026-11-04","verdict":"SPY tracks the S&P 500 and returned +14.8% over the past year.","url":"https://etfiq.com/funds/spy","key_facts":[{"label":"Total return, 1 year","value":"+14.8%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Expense ratio","value":"0.09%","as_of":"2026-01-26","source":"485BPOS, Jan 26, 2026"},{"label":"Holdings","value":"504","as_of":"2026-11-03","source":"the issuer\u2019s daily holdings file"},{"label":"Below its high","value":"\u22121.6%","as_of":"2026-11-04","source":"ETFIQ"},{"label":"12-month yield, capital gains included, on its starting price","value":"1.1%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Sep 18, 2026","value":"$1.8888","as_of":"2026-09-18","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$804.8bn","as_of":"2026-11-03","source":"the issuer\u2019s own daily fund list, as of Nov 3, 2026"}]},"b":{"ticker":"THEQ","name":"T. Rowe Price Hedged Equity ETF","issuer":"T. Rowe Price","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, THEQ returned 9.1%, against 14.8% for IWV.","url":"https://etfiq.com/funds/theq","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.99","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.69","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"72.3%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+5.3 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.8%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 23, 2025","value":"$0.2222","as_of":"2025-12-23","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$38m","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.46%","as_of":"2026-02-25","source":"485BPOS XBRL, Feb 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/any/spy-vs-theq"}