SPY vs TEST
State Street SPDR S&P 500 ETF Trust vs YieldMax TSLA Performance & Distribution Target 25 ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TEST | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.01% | |
| AUM | $821.1B | $3M | |
| Dividend Yield | 1.01% | 22.89% | |
| Holdings | 505 | 10 | |
| YTD Return | +13.47% | -22.18% | |
| 1Y Return | +20.57% | - | |
| 3Y Return (annualized) | +21.83% | - | |
| 5Y Return (annualized) | +12.88% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -36.8% | |
| Fund Family | State Street Investment Management | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Nov 17, 2025 |
SPY vs TEST Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) is a ETF from YieldMax ETF. Year to date, SPY is up 13.47% versus a loss of 22.18% for TEST.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -36.8% for TEST. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while TEST charges 1.01%. On a $10,000 position that is $9 vs $101 annually, a gap of $92 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 22.89% for TEST.
Holdings Overlap
SPY and TEST share 0 holdings out of 507 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, SPY or TEST?
SPY has an expense ratio of 0.09% while TEST charges 1.01%. SPY is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
What is the holdings overlap between SPY and TEST?
SPY and TEST share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, SPY or TEST?
SPY yields 1.01% while TEST yields 22.89%, so TEST 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.