DISO vs SPY
YieldMax DIS Option Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DISO or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | DISO | SPY |
|---|---|---|
| Expense Ratio | 1.32% | 0.09%Best |
| AUM | $4M | $804.7B |
| Dividend Yield | 43.83% | 0.98% |
| Holdings | 30 | 505 |
| Volatility (annualized) | 22.2% | 13.2%Best |
| Max Drawdown | -26.6% | -18.8%Best |
| $10,000 over 2.8 years | $11,381 | $17,740Best |
| Fund Family | YieldMax ETF | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Aug 24, 2023 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 86 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DISO has data through Jun 15, 2026 and SPY through Sep 9, 2026.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Aug 25, 2023 to Jun 15, 2026 (2.8 years).
Risk: Volatility and Drawdowns
DISO has been the more volatile fund, with annualized monthly volatility of 22.2% compared with 13.2% 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 -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 0.63. They move together some of the time, and apart the rest.
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 0.98% for SPY.
Holdings Overlap
At least 0.3% of SPY's money is in holdings DISO also owns.
Stated as a floor: for DISO, our book for it covers 92.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 185 days apart, DISO as of Jan 31, 2026 and SPY as of Aug 4, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 6 positions we hold weights for in DISO and 504 in SPY, against full books of 30 and 505.
Top Shared Holdings
| Stock | Weight in DISO | Weight in SPY | Difference |
|---|---|---|---|
| DISWalt Disney Co | 1.09% | 0.26% | 0.83% |
You are not choosing between two funds in isolation.
Whichever of DISO 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, DISO or SPY?
DISO has an expense ratio of 1.32% while SPY charges 0.09%. SPY is the cheaper option, by $123 a year on a $10,000 investment.
Which is riskier, DISO or SPY?
DISO has been the more volatile fund at 22.2% annualized versus 13.2% for SPY. Worst drawdown: DISO -26.6% vs SPY -18.8%.
Should I hold both DISO and SPY?
DISO and SPY have a monthly-return correlation of 0.63, 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, DISO or SPY?
DISO yields 43.83% while SPY yields 0.98%, so DISO currently pays the higher dividend yield.
Is SPY better than DISO?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.