JPMO vs SPY
YieldMax JPM Option Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JPMO or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. JPMO 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 | JPMO | SPY |
|---|---|---|
| Expense Ratio | 1.19% | 0.09%Best |
| AUM | $57M | $804.7B |
| Dividend Yield | 33.55% | 0.98% |
| Holdings | 17 | 505 |
| YTD Price Return | - | +11.63% |
| 1Y Price Return | - | +15.69% |
| 3Y Price Return (annualized) | - | +19.81% |
| 5Y Price Return (annualized) | - | +11.56% |
| Volatility (annualized) | - | 15.3% |
| Max Drawdown | - | -56.5% |
| Fund Family | YieldMax ETF | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Sep 11, 2023 | Jan 22, 1993 |
Not shown on this pair: $10,000 over the window, Top 10 Weight.
Returns are price returns and exclude distributions, because our data feed carries no adjusted close for JPMO. We have no price series for JPMO, so there is nothing to compare it against. JPMO yields 33.55% and SPY 0.98% on top.
JPMO vs SPY Performance
YieldMax JPM Option Income Strategy ETF (JPMO) is an ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management.
Fees and Cost Over Time
JPMO charges 1.19% per year while SPY charges 0.09%. On a $10,000 position that is $119 vs $9 annually, a gap of $110 per year that compounds over a long holding period. On income, JPMO currently yields 33.55% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 5 holdings in JPMO and 504 in SPY, totalling 51.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 368 days apart, JPMO as of Aug 29, 2025 and SPY as of Sep 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 5 positions we hold weights for in JPMO and 504 in SPY, against full books of 17 and 505.
You are not choosing between two funds in isolation.
Whichever of JPMO 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, JPMO or SPY?
JPMO has an expense ratio of 1.19% while SPY charges 0.09%. SPY is the cheaper option, by $110 a year on a $10,000 investment.
Which pays a higher dividend, JPMO or SPY?
JPMO yields 33.55% while SPY yields 0.98%, so JPMO currently pays the higher dividend yield.
Is SPY better than JPMO?
SPY has a lower expense ratio. JPMO led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.