COYY vs SPY
GraniteShares YieldBOOST COIN 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 | COYY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.09% | |
| AUM | $19M | $821.1B | |
| Dividend Yield | 90.70% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | -34.69% | +12.68% | |
| 1Y Return | -54.13% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 23.8% | 15.3% | |
| Max Drawdown | -60.9% | -56.5% | |
| Fund Family | GraniteShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 28, 2025 | Jan 22, 1993 |
COYY vs SPY Performance
GraniteShares YieldBOOST COIN ETF (COYY) is a ETF from GraniteShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year COYY returned -54.13% while SPY returned +21.82%. Year to date, COYY is down 34.69% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
COYY has been the more volatile fund, with annualized monthly volatility of 23.8% 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 -60.9% for COYY 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
COYY charges 1.07% per year while SPY charges 0.09%. On a $10,000 position that is $107 vs $9 annually, a gap of $98 per year that compounds over a long holding period. On income, COYY currently yields 90.70% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, COYY or SPY?
COYY has an expense ratio of 1.07% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $98 per year of difference.
Which performed better, COYY or SPY?
Over the past year COYY returned -54.13% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), COYY annualized -56.24% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, COYY or SPY?
COYY has been the more volatile fund at 23.8% annualized versus 15.3% for SPY. Worst drawdown: COYY -60.9% vs SPY -56.5%.
Should I hold both COYY and SPY?
COYY and SPY have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, COYY or SPY?
COYY yields 90.70% while SPY yields 1.01%, so COYY currently pays the higher dividend yield.
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