DGAP vs SPY
FT Vest US Equity Buffer & Digital Return ETF - April vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DGAP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $8M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 7 | 505 | |
| YTD Return | +4.01% | +13.47% | |
| 1Y Return | - | +20.57% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.88% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -1.0% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Apr 17, 2026 | Jan 22, 1993 |
DGAP vs SPY Performance
FT Vest US Equity Buffer & Digital Return ETF - April (DGAP) is a ETF from First Trust Portfolios (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, DGAP is up 4.01% versus a gain of 13.47% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -1.0% for DGAP 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
DGAP charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, DGAP currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, DGAP or SPY?
DGAP has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which pays a higher dividend, DGAP or SPY?
DGAP yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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