HOYY vs SPY
GraniteShares YieldBOOST HOOD ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HOYY or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y.
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 | HOYY | SPY |
|---|---|---|
| Expense Ratio | 1.07% | 0.09%Best |
| AUM | $6M | $804.7B |
| Dividend Yield | 242.64% | 0.98% |
| Holdings | 6 | 505 |
| YTD Return | -30.16% | +11.97%Best |
| 1Y Return | -45.62% | +16.40%Best |
| 3Y Return (annualized) | - | +21.10% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 25.2% | 13.3%Best |
| Fund Family | GraniteShares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Sep 30, 2025 | Jan 22, 1993 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
HOYY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HOYY vs SPY Performance
GraniteShares YieldBOOST HOOD ETF (HOYY) is an ETF from GraniteShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HOYY returned -45.62% while SPY returned +16.40%. Year to date, HOYY is down 30.16% versus a gain of 11.97% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HOYY has been the more volatile fund, with annualized monthly volatility of 25.2% compared with 13.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HOYY charges 1.07% per year while SPY charges 0.09%. On a $10,000 position that is $107 vs $9 annually, a gap of $98 per year that compounds over a long holding period. On income, HOYY currently yields 242.64% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of HOYY and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HOYY or SPY?
HOYY has an expense ratio of 1.07% while SPY charges 0.09%. SPY is the cheaper option, by $98 a year on a $10,000 investment.
Which performed better, HOYY or SPY?
Over the past year HOYY returned -45.62% vs +16.40% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HOYY or SPY?
HOYY has been the more volatile fund at 25.2% annualized versus 13.3% for SPY.
Should I hold both HOYY and SPY?
HOYY and SPY have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HOYY or SPY?
HOYY yields 242.64% while SPY yields 0.98%, so HOYY currently pays the higher dividend yield.
Is SPY better than HOYY?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.