BITK vs SPY
Tuttle Capital Bitcoin 0DTE Covered Call ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | BITK | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.09% | |
| AUM | $2M | $789.1B | |
| Dividend Yield | 52.42% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | -35.52% | +13.75% | |
| 1Y Return | - | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -59.3% | -56.5% | |
| Fund Family | Tuttle Funds | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Sep 24, 2025 | Jan 22, 1993 |
BITK vs SPY Performance
Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) is a ETF from Tuttle Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, BITK is down 35.52% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -59.3% for BITK and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
BITK charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, BITK currently yields 52.42% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, BITK or SPY?
BITK has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which pays a higher dividend, BITK or SPY?
BITK yields 52.42% while SPY yields 1.01%, so BITK currently pays the higher dividend yield.
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