DYLG vs SPY
Global X Dow 30 Covered Call & Growth 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 | DYLG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | $6M | $821.1B | |
| Dividend Yield | 9.26% | 1.01% | |
| Holdings | 34 | 505 | |
| YTD Return | +10.24% | +12.68% | |
| 1Y Return | +19.50% | +21.82% | |
| 3Y Return (annualized) | +14.85% | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 9.3% | 15.3% | |
| Max Drawdown | -14.2% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 25, 2023 | Jan 22, 1993 |
DYLG vs SPY Performance
Global X Dow 30 Covered Call & Growth ETF (DYLG) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DYLG returned +19.50% while SPY returned +21.82%. Year to date, DYLG is up 10.24% versus a gain of 12.68% for SPY.
Over three years, DYLG compounded at +14.85% per year against +21.98% for SPY. Across the full 3-year window we track, DYLG has the edge at +13.53% annualized vs +8.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 9.3% for DYLG. 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 -14.2% for DYLG 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DYLG charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, DYLG currently yields 9.26% against 1.01% for SPY.
Holdings Overlap
DYLG and SPY share 19 holdings out of 508 unique holdings combined, representing a 14.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DYLG or SPY?
DYLG has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, DYLG or SPY?
Over the past year DYLG returned +19.50% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), DYLG annualized +13.53% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, DYLG or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.3% for DYLG. Worst drawdown: DYLG -14.2% vs SPY -56.5%.
Should I hold both DYLG and SPY?
DYLG and SPY have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DYLG and SPY?
DYLG and SPY share 19 common holdings with a 14.8% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, DYLG or SPY?
DYLG yields 9.26% while SPY yields 1.01%, so DYLG currently pays the higher dividend yield.
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