OMAH vs SPY
VistaShares Target 15 Berkshire Select Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, OMAH or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 59.9%.
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 | OMAH | SPY |
|---|---|---|
| Expense Ratio | 0.98% | 0.09%Best |
| AUM | $1.1B | $811.2B |
| Dividend Yield | 15.46% | 0.98% |
| Holdings | 91 | 1,515 |
| YTD Return | +4.50% | +13.54%Best |
| 1Y Return | +6.18% | +16.25%Best |
| 3Y Return (annualized) | - | +23.72% |
| 5Y Return (annualized) | - | +13.95% |
| Volatility (annualized) | 7.0%Best | 11.7% |
| Max Drawdown | -11.8%Best | -14.6% |
| $10,000 over 1.6 years | $11,197 | $13,518Best |
| Top 10 Weight | 59.9% | 38.2%Best |
| Fund Family | VistaShares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Mar 5, 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: Mar 5, 2025 to Oct 2, 2026 (1.6 years).
OMAH 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.
OMAH vs SPY Performance
VistaShares Target 15 Berkshire Select Income ETF (OMAH) is an ETF from VistaShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year OMAH returned +6.18% while SPY returned +16.25%. Year to date, OMAH is up 4.50% versus a gain of 13.54% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 7.0% 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 -14.6% 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 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OMAH charges 0.98% per year while SPY charges 0.09%. On a $10,000 position that is $98 vs $9 annually, a gap of $89 per year that compounds over a long holding period. On income, OMAH currently yields 15.46% against 0.98% for SPY.
Holdings Overlap
87.9% of OMAH's money is in holdings SPY also owns. 17.1% of SPY's money is in holdings OMAH also owns.
Most of OMAH is already inside SPY. Owning both mostly buys the same companies twice.
17 positions in common, counted across the 22 positions we hold weights for in OMAH and 504 in SPY, against full books of 91 and 1,515.
What only one of them owns
Our book lists 480 positions for SPY that do not appear in our book for OMAH (82.1% of the fund), and 5 for OMAH that do not appear in SPY (12.2%).
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 OMAH | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple, Inc | 10.24% | 7.45% | 2.79% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 10.12% | 1.44% | 8.68% |
| GOOGLAlphabet Inc,class A | 4.33% | 3.12% | 1.21% |
| AXPAmerican Express Co. | 6.74% | 0.27% | 6.47% |
| GOOGAlphabet Inc. C | 4.33% | 2.49% | 1.84% |
| KOCoca Cola Co. | 4.89% | 0.52% | 4.37% |
| CVXChevron Corp | 4.80% | 0.60% | 4.20% |
| BACBank of America Corp.: Financials | 4.38% | 0.59% | 3.79% |
| OXYOccidental Petroleum Corp. | 4.80% | 0.07% | 4.73% |
| VRSNVerisign Inc | 4.64% | 0.04% | 4.60% |
87.9% of OMAH 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, OMAH or SPY?
OMAH has an expense ratio of 0.98% while SPY charges 0.09%. SPY is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, OMAH or SPY?
Over the past year OMAH returned +6.18% vs +16.25% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), OMAH annualized +7.32% vs +20.73% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OMAH or SPY?
SPY has been the more volatile fund at 11.7% annualized versus 7.0% for OMAH. Worst drawdown: OMAH -11.8% vs SPY -14.6%.
Should I hold both OMAH and SPY?
OMAH and SPY have a monthly-return correlation of 0.47, 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 OMAH and SPY?
87.9% of OMAH's money is in holdings SPY also owns. 17.1% of SPY's is in holdings OMAH also owns. They hold 17 positions in common, counted across the 22 positions we hold weights for in OMAH and 504 in SPY.
Which pays a higher dividend, OMAH or SPY?
OMAH yields 15.46% while SPY yields 0.98%, so OMAH currently pays the higher dividend yield.
Is SPY better than OMAH?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 59.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.