GDXY vs SPY
YieldMax Gold Miners Option Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GDXY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GDXY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $238M | $821.1B | |
| Dividend Yield | 87.83% | 1.01% | |
| Holdings | 14 | 505 | |
| YTD Return | +4.56% | +12.68% | |
| 1Y Return | +34.18% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 34.5% | 15.3% | |
| Max Drawdown | -37.0% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | May 20, 2024 | Jan 22, 1993 |
GDXY vs SPY Performance
YieldMax Gold Miners Option Income Strategy ETF (GDXY) 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 GDXY returned +34.18% while SPY returned +21.82%. Year to date, GDXY is up 4.56% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
GDXY has been the more volatile fund, with annualized monthly volatility of 34.5% 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 -37.0% for GDXY 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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GDXY charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, GDXY currently yields 87.83% against 1.01% for SPY.
Holdings Overlap
GDXY and SPY share 0 holdings out of 507 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, GDXY or SPY?
GDXY has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, GDXY or SPY?
Over the past year GDXY returned +34.18% vs +21.82% for SPY, so GDXY leads on 1-year performance. Over the longest common window we track (2 years), GDXY annualized +27.72% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, GDXY or SPY?
GDXY has been the more volatile fund at 34.5% annualized versus 15.3% for SPY. Worst drawdown: GDXY -37.0% vs SPY -56.5%.
Should I hold both GDXY and SPY?
GDXY and SPY have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GDXY and SPY?
GDXY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, GDXY or SPY?
GDXY yields 87.83% while SPY yields 1.01%, so GDXY currently pays the higher dividend yield.
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