AMZY vs SPY
YieldMax Amazon Option Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AMZY or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. AMZY led over the full window, SPY over 1Y and 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AMZY | SPY |
|---|---|---|
| Expense Ratio | 1.09% | 0.09%Best |
| AUM | $233M | $804.7B |
| Dividend Yield | 49.78% | 0.98% |
| Holdings | 14 | 505 |
| YTD Return | +5.76% | +11.52%Best |
| 1Y Return | +4.86% | +17.48%Best |
| 3Y Return (annualized) | +18.42% | +20.62%Best |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 23.2% | 12.8%Best |
| Max Drawdown | -23.7% | -18.8%Best |
| $10,000 over 3.1 years | $18,280Best | $17,183 |
| Fund Family | YieldMax ETF | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Jul 24, 2023 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Jul 25, 2023 to Sep 10, 2026 (3.1 years).
AMZY vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.1 years both funds cover.
AMZY vs SPY Performance
YieldMax Amazon Option Income Strategy ETF (AMZY) is an ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year AMZY returned +4.86% while SPY returned +17.48%. Year to date, AMZY is up 5.76% versus a gain of 11.52% for SPY.
Over three years, AMZY compounded at +18.42% per year against +20.62% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AMZY has been the more volatile fund, with annualized monthly volatility of 23.2% compared with 12.8% 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 -23.7% for AMZY and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AMZY charges 1.09% per year while SPY charges 0.09%. On a $10,000 position that is $109 vs $9 annually, a gap of $100 per year that compounds over a long holding period. On income, AMZY currently yields 49.78% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 2 holdings in AMZY and 504 in SPY, totalling 31.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in AMZY and 504 in SPY, against full books of 14 and 505.
You are not choosing between two funds in isolation.
Whichever of AMZY and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AMZY or SPY?
AMZY has an expense ratio of 1.09% while SPY charges 0.09%. SPY is the cheaper option, by $100 a year on a $10,000 investment.
Which performed better, AMZY or SPY?
Over the past year AMZY returned +4.86% vs +17.48% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AMZY or SPY?
AMZY has been the more volatile fund at 23.2% annualized versus 12.8% for SPY. Worst drawdown: AMZY -23.7% vs SPY -18.8%.
Should I hold both AMZY and SPY?
AMZY and SPY have a monthly-return correlation of 0.62, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AMZY or SPY?
AMZY yields 49.78% while SPY yields 0.98%, so AMZY currently pays the higher dividend yield.
Is SPY better than AMZY?
SPY has a lower expense ratio. AMZY led over the full window, SPY over 1Y and 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.