SPY vs TSMY
State Street SPDR S&P 500 ETF Trust vs YieldMax TSM Option Income Strategy ETF
Which is better, SPY or TSMY?
Large Cap Blend against Option Writing.
SPY has a lower expense ratio. TSMY led over 1Y 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 | TSMY |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.01% |
| AUM | $804.7B | $127M |
| Dividend Yield | 0.98% | 56.16% |
| Holdings | 505 | 20 |
| YTD Return | +11.52% | +30.66%Best |
| 1Y Return | +17.48% | +54.75%Best |
| 3Y Return (annualized) | +20.62% | - |
| 5Y Return (annualized) | +12.73% | - |
| Volatility (annualized) | 12.5%Best | 27.0% |
| Max Drawdown | -18.8%Best | -31.1% |
| $10,000 over 2.1 years | $13,941 | $20,952Best |
| Fund Family | State Street Investment Management | YieldMax ETF |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | Jan 22, 1993 | Aug 20, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Aug 21, 2024 to Sep 10, 2026 (2.1 years).
SPY vs TSMY 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 2.1 years both funds cover.
SPY vs TSMY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and YieldMax TSM Option Income Strategy ETF (TSMY) is an ETF from YieldMax ETF. Over the past year SPY returned +17.48% while TSMY returned +54.75%. Year to date, SPY is up 11.52% versus a gain of 30.66% for TSMY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSMY has been the more volatile fund, with annualized monthly volatility of 27.0% compared with 12.5% 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 -31.1% for TSMY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while TSMY 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 0.98% against 56.16% for TSMY.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 2 in TSMY, totalling 100.0% and 20.5% 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 TSMY, against full books of 505 and 20.
You are not choosing between two funds in isolation.
Whichever of SPY and TSMY 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 TSMY?
SPY has an expense ratio of 0.09% while TSMY charges 1.01%. SPY is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, SPY or TSMY?
Over the past year SPY returned +17.48% vs +54.75% for TSMY, so TSMY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +17.14% vs +42.22% for TSMY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TSMY?
TSMY has been the more volatile fund at 27.0% annualized versus 12.5% for SPY. Worst drawdown: SPY -18.8% vs TSMY -31.1%.
Should I hold both SPY and TSMY?
SPY and TSMY have a monthly-return correlation of 0.50, 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 TSMY?
SPY yields 0.98% while TSMY yields 56.16%, so TSMY currently pays the higher dividend yield.
Is TSMY better than SPY?
SPY has a lower expense ratio. TSMY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.