GPTY vs SPY
YieldMax AI & Tech Portfolio Option Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GPTY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GPTY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.09% | |
| AUM | $111M | $821.1B | |
| Dividend Yield | 40.08% | 1.01% | |
| Holdings | 145 | 505 | |
| YTD Return | +23.51% | +12.22% | |
| 1Y Return | +37.52% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 31.3% | 15.3% | |
| Max Drawdown | -26.6% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 22, 2025 | Jan 22, 1993 |
GPTY vs SPY Performance
YieldMax AI & Tech Portfolio Option Income ETF (GPTY) 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 GPTY returned +37.52% while SPY returned +20.83%. Year to date, GPTY is up 23.51% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
GPTY has been the more volatile fund, with annualized monthly volatility of 31.3% 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 -26.6% for GPTY 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GPTY charges 1.06% per year while SPY charges 0.09%. On a $10,000 position that is $106 vs $9 annually, a gap of $97 per year that compounds over a long holding period. On income, GPTY currently yields 40.08% against 1.01% for SPY.
Holdings Overlap
GPTY and SPY share 18 holdings out of 512 unique holdings combined, representing a 34.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GPTY or SPY?
GPTY has an expense ratio of 1.06% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, GPTY or SPY?
Over the past year GPTY returned +37.52% vs +20.83% for SPY, so GPTY leads on 1-year performance. Over the longest common window we track (2 years), GPTY annualized +27.09% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, GPTY or SPY?
GPTY has been the more volatile fund at 31.3% annualized versus 15.3% for SPY. Worst drawdown: GPTY -26.6% vs SPY -56.5%.
Should I hold both GPTY and SPY?
GPTY and SPY have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GPTY and SPY?
GPTY and SPY share 18 common holdings with a 34.5% weight overlap. Combined, they hold 512 unique securities.
Which pays a higher dividend, GPTY or SPY?
GPTY yields 40.08% while SPY yields 1.01%, so GPTY currently pays the higher dividend yield.
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