DUKH vs SPY
Ocean Park High Income 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 503 holdings.
Side-by-Side Comparison
| Metric | DUKH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.09% | |
| AUM | $24M | $789.1B | |
| Dividend Yield | 5.64% | 1.01% | |
| Holdings | 8 | 505 | |
| YTD Return | -0.35% | +13.39% | |
| 1Y Return | +2.64% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 4.1% | 15.3% | |
| Max Drawdown | -5.7% | -56.5% | |
| Fund Family | Ocean Park Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jul 10, 2024 | Jan 22, 1993 |
DUKH vs SPY Performance
Ocean Park High Income ETF (DUKH) is a ETF from Ocean Park Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DUKH returned +2.64% while SPY returned +22.52%. Year to date, DUKH is down 0.35% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.1% for DUKH. 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 -5.7% for DUKH 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DUKH 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, DUKH currently yields 5.64% against 1.01% for SPY.
Holdings Overlap
DUKH and SPY share 0 holdings out of 509 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DUKH or SPY?
DUKH 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, DUKH or SPY?
Over the past year DUKH returned +2.64% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), DUKH annualized +2.91% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, DUKH or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.1% for DUKH. Worst drawdown: DUKH -5.7% vs SPY -56.5%.
Should I hold both DUKH and SPY?
DUKH and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DUKH and SPY?
DUKH and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, DUKH or SPY?
DUKH yields 5.64% while SPY yields 1.01%, so DUKH currently pays the higher dividend yield.
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