SPY vs TSLY
State Street SPDR S&P 500 ETF Trust vs YieldMax TSLA Option Income Strategy ETF
Which is better, SPY or TSLY?
Large Cap Blend against Option Writing.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
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 | SPY | TSLY |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.07% |
| AUM | $804.7B | $667M |
| Dividend Yield | 0.98% | 98.70% |
| Holdings | 505 | 19 |
| YTD Return | +10.96%Best | -13.91% |
| 1Y Return | +15.52%Best | -8.12% |
| 3Y Return (annualized) | +20.73%Best | +5.46% |
| 5Y Return (annualized) | +12.53% | - |
| Volatility (annualized) | 13.0%Best | 46.1% |
| Max Drawdown | -18.8%Best | -49.5% |
| $10,000 over 3.8 years | $19,641Best | $13,416 |
| Fund Family | State Street Investment Management | YieldMax ETF |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | Jan 22, 1993 | Nov 22, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Nov 23, 2022 to Sep 16, 2026 (3.8 years).
SPY vs TSLY 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 3.8 years both funds cover.
SPY vs TSLY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and YieldMax TSLA Option Income Strategy ETF (TSLY) is an ETF from YieldMax ETF. Over the past year SPY returned +15.52% while TSLY returned -8.12%. Year to date, SPY is up 10.96% versus a loss of 13.91% for TSLY.
Over three years, SPY compounded at +20.73% per year against +5.46% for TSLY. Across the full 4-year window we track, SPY has the edge at +19.44% annualized vs +8.04%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLY has been the more volatile fund, with annualized monthly volatility of 46.1% compared with 13.0% 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 -18.8% for SPY and -49.5% for TSLY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while TSLY charges 1.07%. On a $10,000 position that is $9 vs $107 annually, a gap of $98 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 98.70% for TSLY.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 2 in TSLY, totalling 99.9% and 25.3% 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 504 positions we hold weights for in SPY and 2 in TSLY, against full books of 505 and 19.
You are not choosing between two funds in isolation.
Whichever of SPY and TSLY 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, SPY or TSLY?
SPY has an expense ratio of 0.09% while TSLY charges 1.07%. SPY is the cheaper option, by $98 a year on a $10,000 investment.
Which performed better, SPY or TSLY?
Over the past year SPY returned +15.52% vs -8.12% for TSLY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +19.44% vs +8.04% for TSLY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TSLY?
TSLY has been the more volatile fund at 46.1% annualized versus 13.0% for SPY. Worst drawdown: SPY -18.8% vs TSLY -49.5%.
Should I hold both SPY and TSLY?
SPY and TSLY have a monthly-return correlation of 0.47, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or TSLY?
SPY yields 0.98% while TSLY yields 98.70%, so TSLY currently pays the higher dividend yield.
Is TSLY better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.