DISO vs SPY
YieldMax DIS 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 | DISO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.32% | 0.09% | |
| AUM | $4M | $821.1B | |
| Dividend Yield | 43.83% | 1.01% | |
| Holdings | 30 | 505 | |
| YTD Return | -9.37% | +14.24% | |
| 1Y Return | -10.67% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 22.2% | 15.3% | |
| Max Drawdown | -26.6% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 24, 2023 | Jan 22, 1993 |
DISO vs SPY Performance
YieldMax DIS Option Income Strategy ETF (DISO) 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 DISO returned -10.67% while SPY returned +21.71%. Year to date, DISO is down 9.37% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
DISO has been the more volatile fund, with annualized monthly volatility of 22.2% 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 -26.6% for DISO 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DISO charges 1.32% per year while SPY charges 0.09%. On a $10,000 position that is $132 vs $9 annually, a gap of $123 per year that compounds over a long holding period. On income, DISO currently yields 43.83% against 1.01% for SPY.
Holdings Overlap
DISO and SPY share 1 holdings out of 509 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DISO | Weight in SPY | Difference |
|---|---|---|---|
| DIS | 1.09% | 0.26% | 0.83% |
Frequently Asked Questions
Which is cheaper, DISO or SPY?
DISO has an expense ratio of 1.32% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $123 per year of difference.
Which performed better, DISO or SPY?
Over the past year DISO returned -10.67% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), DISO annualized +4.73% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, DISO or SPY?
DISO has been the more volatile fund at 22.2% annualized versus 15.3% for SPY. Worst drawdown: DISO -26.6% vs SPY -56.5%.
Should I hold both DISO and SPY?
DISO and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DISO and SPY?
DISO and SPY share 1 common holdings with a 0.3% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, DISO or SPY?
DISO yields 43.83% while SPY yields 1.01%, so DISO currently pays the higher dividend yield.
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