ABNY vs SPY
YieldMax ABNB Option Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ABNY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.09% | |
| AUM | $5M | $789.1B | |
| Dividend Yield | 49.40% | 1.01% | |
| Holdings | 13 | 505 | |
| YTD Return | +2.55% | +14.47% | |
| 1Y Return | -0.80% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 20.4% | 15.3% | |
| Max Drawdown | -31.6% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 24, 2024 | Jan 22, 1993 |
ABNY vs SPY Performance
YieldMax ABNB Option Income Strategy ETF (ABNY) is a ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ABNY returned -0.80% while SPY returned +21.96%. Year to date, ABNY is up 2.55% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
ABNY has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.6% for ABNY and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ABNY charges 1.06% per year while SPY charges 0.09%. On a $10,000 position that is $106 vs $9 annually, a gap of $97 per year that compounds over a long holding period. On income, ABNY currently yields 49.40% against 1.01% for SPY.
Holdings Overlap
ABNY and SPY share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ABNY or SPY?
ABNY has an expense ratio of 1.06% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, ABNY or SPY?
Over the past year ABNY returned -0.80% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), ABNY annualized -5.79% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, ABNY or SPY?
ABNY has been the more volatile fund at 20.4% annualized versus 15.3% for SPY. Worst drawdown: ABNY -31.6% vs SPY -56.5%.
Should I hold both ABNY and SPY?
ABNY and SPY have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ABNY and SPY?
ABNY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, ABNY or SPY?
ABNY yields 49.40% while SPY yields 1.01%, so ABNY currently pays the higher dividend yield.
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