RBLY vs SPY
YieldMax RBLX Option Income Strategy 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 | RBLY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.09% | |
| AUM | $3M | $789.1B | |
| Dividend Yield | 119.62% | 1.01% | |
| Holdings | 25 | 505 | |
| YTD Return | -55.79% | +13.68% | |
| 1Y Return | -69.96% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 41.4% | 15.3% | |
| Max Drawdown | -71.9% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 28, 2025 | Jan 22, 1993 |
RBLY vs SPY Performance
YieldMax RBLX Option Income Strategy ETF (RBLY) is a ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RBLY returned -69.96% while SPY returned +21.53%. Year to date, RBLY is down 55.79% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
RBLY has been the more volatile fund, with annualized monthly volatility of 41.4% 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 -71.9% for RBLY 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RBLY charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, RBLY currently yields 119.62% against 1.01% for SPY.
Holdings Overlap
RBLY and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RBLY or SPY?
RBLY has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, RBLY or SPY?
Over the past year RBLY returned -69.96% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), RBLY annualized -65.43% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, RBLY or SPY?
RBLY has been the more volatile fund at 41.4% annualized versus 15.3% for SPY. Worst drawdown: RBLY -71.9% vs SPY -56.5%.
Should I hold both RBLY and SPY?
RBLY and SPY have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RBLY and SPY?
RBLY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, RBLY or SPY?
RBLY yields 119.62% while SPY yields 1.01%, so RBLY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.