SPY vs TSLY
State Street SPDR S&P 500 ETF Trust vs YieldMax TSLA Option Income Strategy ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TSLY | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.04% | |
| AUM | $789.1B | $641M | |
| Dividend Yield | 1.01% | 83.30% | |
| Holdings | 505 | 23 | |
| YTD Return | +14.47% | -19.09% | |
| 1Y Return | +21.96% | +2.37% | |
| 3Y Return (annualized) | +21.70% | +3.56% | |
| 5Y Return (annualized) | +13.30% | - | |
| Volatility (annualized) | 15.3% | 46.3% | |
| Max Drawdown | -56.5% | -49.5% | |
| Fund Family | State Street Investment Management | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Nov 22, 2022 |
SPY vs TSLY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and YieldMax TSLA Option Income Strategy ETF (TSLY) is a ETF from YieldMax ETF. Over the past year SPY returned +21.96% while TSLY returned +2.37%. Year to date, SPY is up 14.47% versus a loss of 19.09% for TSLY.
Over three years, SPY compounded at +21.70% per year against +3.56% for TSLY. Across the full 4-year window we track, SPY has the edge at +8.87% annualized vs +6.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLY has been the more volatile fund, with annualized monthly volatility of 46.3% 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 -56.5% for SPY and -49.5% for TSLY. 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 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TSLY charges 1.04%. On a $10,000 position that is $9 vs $104 annually, a gap of $95 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 83.30% for TSLY.
Holdings Overlap
SPY and TSLY 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, SPY or TSLY?
SPY has an expense ratio of 0.09% while TSLY charges 1.04%. SPY is the cheaper option. On a $10,000 investment, that is $95 per year of difference.
Which performed better, SPY or TSLY?
Over the past year SPY returned +21.96% vs +2.37% for TSLY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.87% vs +6.46% for TSLY. Past performance does not guarantee future results.
Which is riskier, SPY or TSLY?
TSLY has been the more volatile fund at 46.3% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TSLY -49.5%.
Should I hold both SPY and TSLY?
SPY and TSLY have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TSLY?
SPY and TSLY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SPY or TSLY?
SPY yields 1.01% while TSLY yields 83.30%, so TSLY currently pays the higher dividend yield.
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