FIVY vs SPY
YieldMax Dorsey Wright Hybrid 5 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 505 holdings.
Side-by-Side Comparison
| Metric | FIVY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.09% | |
| AUM | $5M | $821.1B | |
| Dividend Yield | 46.67% | 1.01% | |
| Holdings | 12 | 505 | |
| YTD Return | -6.99% | +12.68% | |
| 1Y Return | -9.06% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 24.9% | 15.3% | |
| Max Drawdown | -32.8% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Dec 16, 2024 | Jan 22, 1993 |
FIVY vs SPY Performance
YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) 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 FIVY returned -9.06% while SPY returned +21.82%. Year to date, FIVY is down 6.99% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
FIVY has been the more volatile fund, with annualized monthly volatility of 24.9% 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 -32.8% for FIVY 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FIVY charges 0.70% per year while SPY charges 0.09%. On a $10,000 position that is $70 vs $9 annually, a gap of $61 per year that compounds over a long holding period. On income, FIVY currently yields 46.67% against 1.01% for SPY.
Holdings Overlap
FIVY and SPY share 3 holdings out of 512 unique holdings combined, representing a 11.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FIVY or SPY?
FIVY has an expense ratio of 0.70% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, FIVY or SPY?
Over the past year FIVY returned -9.06% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), FIVY annualized -12.40% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, FIVY or SPY?
FIVY has been the more volatile fund at 24.9% annualized versus 15.3% for SPY. Worst drawdown: FIVY -32.8% vs SPY -56.5%.
Should I hold both FIVY and SPY?
FIVY and SPY have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIVY and SPY?
FIVY and SPY share 3 common holdings with a 11.1% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, FIVY or SPY?
FIVY yields 46.67% while SPY yields 1.01%, so FIVY currently pays the higher dividend yield.
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