GPTY vs SPY
YieldMax AI & Tech Portfolio Option Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GPTY or SPY?
GPTY has been ahead.
SPY has a lower expense ratio. GPTY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 51.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GPTY | SPY |
|---|---|---|
| Expense Ratio | 1.06% | 0.09%Best |
| AUM | $132M | $804.7B |
| Dividend Yield | 38.49% | 0.98% |
| Holdings | 94 | 505 |
| YTD Return | +25.41%Best | +11.52% |
| 1Y Return | +31.91%Best | +17.48% |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 30.7% | 13.0%Best |
| Max Drawdown | -26.6% | -18.8%Best |
| $10,000 over 1.6 years | $14,697Best | $12,588 |
| Top 10 Weight | 51.0% | 38.0%Best |
| Fund Family | YieldMax ETF | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Jan 23, 2025 to Sep 10, 2026 (1.6 years).
GPTY vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.6 years both funds cover.
GPTY vs SPY Performance
YieldMax AI & Tech Portfolio Option Income ETF (GPTY) is an ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GPTY returned +31.91% while SPY returned +17.48%. Year to date, GPTY is up 25.41% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GPTY has been the more volatile fund, with annualized monthly volatility of 30.7% compared with 13.0% 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 38.49% against 0.98% for SPY.
Holdings Overlap
74.5% of GPTY's money is in holdings SPY also owns. 38.3% of SPY's money is in holdings GPTY also owns.
Most of GPTY is already inside SPY. Owning both mostly buys the same companies twice.
18 positions in common, counted across the 26 positions we hold weights for in GPTY and 504 in SPY, against full books of 94 and 505.
What only one of them owns
Our book lists 476 positions for SPY that do not appear in our book for GPTY (61.3% of the fund), and 6 for GPTY that do not appear in SPY (16.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GPTY | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.79% | 7.71% | 0.92% |
| AAPLApple, Inc | 4.56% | 6.83% | 2.27% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.94% | 5.50% | 0.56% |
| GOOGLAlphabet A Usd 0.001 | 5.47% | 3.33% | 2.14% |
| AMZNAmazon.Com Inc | 4.35% | 4.08% | 0.27% |
| AVGOBroadcom Inc | 3.89% | 2.97% | 0.92% |
| PLTRPalantir Technologies Inc | 5.33% | 0.56% | 4.77% |
| METAMeta Platforms, Inc. | 3.89% | 1.94% | 1.95% |
| AMDAdvanced Micro Devices Inc. | 4.20% | 1.27% | 2.93% |
| IBMInternational Business Machines Corp. | 4.55% | 0.33% | 4.22% |
74.5% of GPTY is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $97 a year on a $10,000 investment.
Which performed better, GPTY or SPY?
Over the past year GPTY returned +31.91% vs +17.48% for SPY, so GPTY leads on 1-year performance. Over the longest common window we track (2 years), GPTY annualized +27.21% vs +15.47% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GPTY or SPY?
GPTY has been the more volatile fund at 30.7% annualized versus 13.0% for SPY. Worst drawdown: GPTY -26.6% vs SPY -18.8%.
Should I hold both GPTY and SPY?
GPTY and SPY have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GPTY and SPY?
74.5% of GPTY's money is in holdings SPY also owns. 38.3% of SPY's is in holdings GPTY also owns. They hold 18 positions in common, counted across the 26 positions we hold weights for in GPTY and 504 in SPY.
Which pays a higher dividend, GPTY or SPY?
GPTY yields 38.49% while SPY yields 0.98%, so GPTY currently pays the higher dividend yield.
Is SPY better than GPTY?
SPY has a lower expense ratio. GPTY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 51.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.