GOOY vs SPY
YieldMax GOOGL Option Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GOOY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GOOY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.20% | 0.09% | |
| AUM | $231M | $821.1B | |
| Dividend Yield | 52.59% | 1.01% | |
| Holdings | 15 | 505 | |
| YTD Return | +6.45% | +12.22% | |
| 1Y Return | +48.55% | +20.83% | |
| 3Y Return (annualized) | +21.29% | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 25.1% | 15.3% | |
| Max Drawdown | -24.4% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 27, 2023 | Jan 22, 1993 |
GOOY vs SPY Performance
YieldMax GOOGL Option Income Strategy ETF (GOOY) 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 GOOY returned +48.55% while SPY returned +20.83%. Year to date, GOOY is up 6.45% versus a gain of 12.22% for SPY.
Over three years, GOOY compounded at +21.29% per year against +21.70% for SPY. Across the full 3-year window we track, GOOY has the edge at +19.99% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GOOY has been the more volatile fund, with annualized monthly volatility of 25.1% 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 -24.4% for GOOY 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GOOY charges 1.20% per year while SPY charges 0.09%. On a $10,000 position that is $120 vs $9 annually, a gap of $111 per year that compounds over a long holding period. On income, GOOY currently yields 52.59% against 1.01% for SPY.
Holdings Overlap
GOOY 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, GOOY or SPY?
GOOY has an expense ratio of 1.20% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $111 per year of difference.
Which performed better, GOOY or SPY?
Over the past year GOOY returned +48.55% vs +20.83% for SPY, so GOOY leads on 1-year performance. Over the longest common window we track (3 years), GOOY annualized +19.99% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, GOOY or SPY?
GOOY has been the more volatile fund at 25.1% annualized versus 15.3% for SPY. Worst drawdown: GOOY -24.4% vs SPY -56.5%.
Should I hold both GOOY and SPY?
GOOY and SPY have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GOOY and SPY?
GOOY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, GOOY or SPY?
GOOY yields 52.59% while SPY yields 1.01%, so GOOY currently pays the higher dividend yield.
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