SSPY vs HYPG

Comparison between STRATIFIED LARGECAP INDEX ETF (SSPY, ETF) and Grayscale HYPE ETF (HYPG, ETF).

SSPY vs HYPG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SSPY(ETF)	HYPG(ETF)
Net Assets	$127M	$127M
Expense Ratio	0.45%	0.29%
Max Drawdown	16.45%	26.56%
Sharpe Ratio	1.30	-1.26
5Y Beta	0.73	3.44
P/E Ratio	22.45	N/A
Forward P/E	16.62	N/A
5Y EPS CAGR	12.20%	N/A
Debt to Equity	14.40%	N/A
P/S Ratio	1.56	N/A
P/B Ratio	3.24	N/A

Net Assets

Winner

SSPY

$127M

HYPG

$127M

Expense Ratio

SSPY

0.45%

Winner

HYPG

0.29%

Max Drawdown

Winner

SSPY

16.45%

HYPG

26.56%

Sharpe Ratio

Winner

SSPY

1.30

HYPG

-1.26

5Y Beta

Winner

SSPY

0.73

HYPG

3.44

P/E Ratio

SSPY

22.45

HYPG

N/A

Forward P/E

SSPY

16.62

HYPG

N/A

5Y EPS CAGR

SSPY

12.20%

HYPG

N/A

Debt to Equity

SSPY

14.40%

HYPG

N/A

P/S Ratio

SSPY

1.56

HYPG

N/A

P/B Ratio

SSPY

3.24

HYPG

N/A

SSPY vs HYPG - Historical Returns

Returns include dividend reinvestment.

Period	SSPY	HYPG
1 month	+1.39%	-10.41%
3 months	+4.49%	N/A
6 months	+7.66%	N/A
1 year	+18.73%	N/A
Max(CAGR)	+13.17%	-77.32%

Winner

SSPY

+1.39%

HYPG

-10.41%

SSPY

+4.49%

HYPG

N/A

SSPY

+7.66%

HYPG

N/A

SSPY

+18.73%

HYPG

N/A

Max(CAGR)

Winner

SSPY

+13.17%

HYPG

-77.32%

SSPY vs HYPG - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	SSPY	HYPG
2026	+11.12%	-17.72%
2025	+13.00%	N/A
2024	-0.90%	N/A

SSPY vs HYPG Drawdown Comparison

The maximum drawdown for SSPY was -16.16%, occurring on Apr 8, 2025. Recovery took 144 trading sessions.

The maximum drawdown for HYPG was -26.56%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current SSPY drawdown is -1.18%. The current HYPG drawdown is -17.72%.

Rank	SSPY	HYPG
#1	-16.16% Nov 29, 2024 - Jul 1, 2025	-26.56% Jun 3, 2026 - Jun 10, 2026
#2	-7.32% Feb 27, 2026 - May 6, 2026	N/A
#3	-4.80% Oct 27, 2025 - Nov 28, 2025	N/A
#4	-3.06% Oct 3, 2025 - Oct 24, 2025	N/A
#5	-2.96% Oct 16, 2024 - Nov 6, 2024	N/A
#6	-2.84% Jul 23, 2025 - Aug 13, 2025	N/A
#7	-1.94% Nov 11, 2024 - Nov 22, 2024	N/A
#8	-1.84% Jul 10, 2025 - Jul 23, 2025	N/A
#9	-1.84% Jun 15, 2026 - Jun 26, 2026	N/A
#10	-1.64% Jun 4, 2026 - Jun 12, 2026	N/A
#11	-1.58% Jan 15, 2026 - Jan 22, 2026	N/A
#12	-1.44% Dec 11, 2025 - Jan 5, 2026	N/A
#13	-1.32% Jul 7, 2026 - Jul 20, 2026	N/A
#14	-1.30% May 6, 2026 - May 21, 2026	N/A
#15	-1.16% Sep 30, 2024 - Oct 11, 2024	N/A