FEAT vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricFEATSPYWinner
Expense Ratio0.93%0.09%
AUM$11M$789.1B
Dividend Yield79.92%1.01%
Holdings7505
YTD Return-7.24%+13.75%
1Y Return-12.95%+22.91%
3Y Return (annualized)-+21.67%
5Y Return (annualized)-+13.32%
Volatility (annualized)22.6%15.3%
Max Drawdown-33.3%-56.5%
Fund FamilyYieldMax ETFState Street Investment Management
CategoryAlternativeEquity
InceptionDec 16, 2024Jan 22, 1993

FEAT vs SPY Performance

YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) 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 FEAT returned -12.95% while SPY returned +22.91%. Year to date, FEAT is down 7.24% versus a gain of 13.75% for SPY.

Risk: Volatility and Drawdowns

FEAT has been the more volatile fund, with annualized monthly volatility of 22.6% 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 -33.3% for FEAT 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

FEAT charges 0.93% per year while SPY charges 0.09%. On a $10,000 position that is $93 vs $9 annually, a gap of $84 per year that compounds over a long holding period. On income, FEAT currently yields 79.92% against 1.01% for SPY.

Holdings Overlap

0.0%overlap

FEAT 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, FEAT or SPY?

FEAT has an expense ratio of 0.93% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $84 per year of difference.

Which performed better, FEAT or SPY?

Over the past year FEAT returned -12.95% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FEAT annualized -15.25% vs +8.85% for SPY. Past performance does not guarantee future results.

Which is riskier, FEAT or SPY?

FEAT has been the more volatile fund at 22.6% annualized versus 15.3% for SPY. Worst drawdown: FEAT -33.3% vs SPY -56.5%.

Should I hold both FEAT and SPY?

FEAT and SPY have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between FEAT and SPY?

FEAT and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.

Which pays a higher dividend, FEAT or SPY?

FEAT yields 79.92% while SPY yields 1.01%, so FEAT currently pays the higher dividend yield.

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