SDTY vs SPY
YieldMax S&P 500 0DTE Covered Call Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SDTY or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. SDTY led over the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.92.
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 | SDTY | SPY |
|---|---|---|
| Expense Ratio | 1.08% | 0.09%Best |
| AUM | $41M | $804.7B |
| Dividend Yield | 28.08% | 0.98% |
| Holdings | 6 | 505 |
| YTD Return | +10.80% | +12.09%Best |
| 1Y Return | +15.39% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 13.7% | 13.1%Best |
| Max Drawdown | -16.3%Best | -18.8% |
| $10,000 over 1.6 years | $13,344Best | $12,754 |
| Fund Family | YieldMax ETF | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Feb 5, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 6, 2025 to Sep 18, 2026 (1.6 years).
SDTY 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.
SDTY vs SPY Performance
YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) is an ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SDTY returned +15.39% while SPY returned +16.29%. Year to date, SDTY is up 10.80% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SDTY has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 13.1% 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 -16.3% for SDTY and -18.8% 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SDTY charges 1.08% per year while SPY charges 0.09%. On a $10,000 position that is $108 vs $9 annually, a gap of $99 per year that compounds over a long holding period. On income, SDTY currently yields 28.08% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in SDTY and 504 in SPY, totalling 12.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in SDTY and 504 in SPY, against full books of 6 and 505.
You are not choosing between two funds in isolation.
Whichever of SDTY 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, SDTY or SPY?
SDTY has an expense ratio of 1.08% while SPY charges 0.09%. SPY is the cheaper option, by $99 a year on a $10,000 investment.
Which performed better, SDTY or SPY?
Over the past year SDTY returned +15.39% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SDTY annualized +19.76% vs +16.42% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SDTY or SPY?
SDTY has been the more volatile fund at 13.7% annualized versus 13.1% for SPY. Worst drawdown: SDTY -16.3% vs SPY -18.8%.
Should I hold both SDTY and SPY?
SDTY and SPY have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, SDTY or SPY?
SDTY yields 28.08% while SPY yields 0.98%, so SDTY currently pays the higher dividend yield.
Is SPY better than SDTY?
SPY has a lower expense ratio. SDTY led over the full window, SPY over 1Y. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.