AIYY vs SPY
YieldMax AI 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 | AIYY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.67% | 0.09% | |
| AUM | $27M | $821.1B | |
| Dividend Yield | 135.84% | 1.01% | |
| Holdings | 10 | 505 | |
| YTD Return | -34.47% | +14.24% | |
| 1Y Return | -47.91% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 41.1% | 15.3% | |
| Max Drawdown | -80.3% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Nov 27, 2023 | Jan 22, 1993 |
AIYY vs SPY Performance
YieldMax AI Option Income Strategy ETF (AIYY) 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 AIYY returned -47.91% while SPY returned +21.71%. Year to date, AIYY is down 34.47% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
AIYY has been the more volatile fund, with annualized monthly volatility of 41.1% 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 -80.3% for AIYY 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AIYY charges 1.67% per year while SPY charges 0.09%. On a $10,000 position that is $167 vs $9 annually, a gap of $158 per year that compounds over a long holding period. On income, AIYY currently yields 135.84% against 1.01% for SPY.
Holdings Overlap
AIYY and SPY share 0 holdings out of 505 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, AIYY or SPY?
AIYY has an expense ratio of 1.67% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $158 per year of difference.
Which performed better, AIYY or SPY?
Over the past year AIYY returned -47.91% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), AIYY annualized -41.97% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, AIYY or SPY?
AIYY has been the more volatile fund at 41.1% annualized versus 15.3% for SPY. Worst drawdown: AIYY -80.3% vs SPY -56.5%.
Should I hold both AIYY and SPY?
AIYY and SPY have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AIYY and SPY?
AIYY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, AIYY or SPY?
AIYY yields 135.84% while SPY yields 1.01%, so AIYY currently pays the higher dividend yield.
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