OMAH vs SPY
VistaShares Target 15 Berkshire Select Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | OMAH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.09% | |
| AUM | $967M | $789.1B | |
| Dividend Yield | 15.79% | 1.01% | |
| Holdings | 94 | 505 | |
| YTD Return | +7.91% | +14.47% | |
| 1Y Return | +10.96% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 6.6% | 15.3% | |
| Max Drawdown | -11.8% | -56.5% | |
| Fund Family | VistaShares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 5, 2025 | Jan 22, 1993 |
OMAH vs SPY Performance
VistaShares Target 15 Berkshire Select Income ETF (OMAH) is a ETF from VistaShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OMAH returned +10.96% while SPY returned +21.96%. Year to date, OMAH is up 7.91% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.6% for OMAH. 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 -11.8% for OMAH 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
OMAH charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, OMAH currently yields 15.79% against 1.01% for SPY.
Holdings Overlap
OMAH and SPY share 20 holdings out of 505 unique holdings combined, representing a 20.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OMAH or SPY?
OMAH has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, OMAH or SPY?
Over the past year OMAH returned +10.96% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), OMAH annualized +10.48% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, OMAH or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.6% for OMAH. Worst drawdown: OMAH -11.8% vs SPY -56.5%.
Should I hold both OMAH and SPY?
OMAH 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 OMAH and SPY?
OMAH and SPY share 20 common holdings with a 20.3% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, OMAH or SPY?
OMAH yields 15.79% while SPY yields 1.01%, so OMAH currently pays the higher dividend yield.
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