OOSB vs SPY
OOSB vs SPY
One+One S&P 500 and Bitcoin 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 | OOSB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $523,561.74 | $789.1B | |
| Dividend Yield | 11.74% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | -20.00% | +13.79% | |
| 1Y Return | +7.66% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 40.0% | 15.3% | |
| Max Drawdown | -51.6% | -56.5% | |
| Fund Family | Volatility Shares, LLC | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Feb 19, 2025 | Jan 22, 1993 |
OOSB vs SPY Performance
One+One S&P 500 and Bitcoin ETF (OOSB) is a ETF from Volatility Shares, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OOSB returned +7.66% while SPY returned +23.66%. Year to date, OOSB is down 20.00% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
OOSB has been the more volatile fund, with annualized monthly volatility of 40.0% compared with 15.3% 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 -51.6% for OOSB 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OOSB charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, OOSB currently yields 11.74% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, OOSB or SPY?
OOSB has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, OOSB or SPY?
Over the past year OOSB returned +7.66% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), OOSB annualized -23.58% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, OOSB or SPY?
OOSB has been the more volatile fund at 40.0% annualized versus 15.3% for SPY. Worst drawdown: OOSB -51.6% vs SPY -56.5%.
Should I hold both OOSB and SPY?
OOSB and SPY have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, OOSB or SPY?
OOSB yields 11.74% while SPY yields 1.01%, so OOSB currently pays the higher dividend yield.
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