GMEY vs SPY
YieldMax GME Option Income Strategy 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 | GMEY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.09% | |
| AUM | $2M | $821.1B | |
| Dividend Yield | 62.26% | 1.01% | |
| Holdings | 8 | 505 | |
| YTD Return | -13.97% | +12.68% | |
| 1Y Return | -26.24% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -34.1% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Sep 8, 2025 | Jan 22, 1993 |
GMEY vs SPY Performance
YieldMax GME Option Income Strategy ETF (GMEY) 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 GMEY returned -26.24% while SPY returned +21.82%. Year to date, GMEY is down 13.97% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -34.1% for GMEY and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
GMEY charges 1.01% per year while SPY charges 0.09%. On a $10,000 position that is $101 vs $9 annually, a gap of $92 per year that compounds over a long holding period. On income, GMEY currently yields 62.26% against 1.01% for SPY.
Holdings Overlap
GMEY 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, GMEY or SPY?
GMEY has an expense ratio of 1.01% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, GMEY or SPY?
Over the past year GMEY returned -26.24% vs +21.82% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between GMEY and SPY?
GMEY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, GMEY or SPY?
GMEY yields 62.26% while SPY yields 1.01%, so GMEY currently pays the higher dividend yield.
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