SPY vs XBTY
State Street SPDR S&P 500 ETF Trust vs GraniteShares YieldBOOST Bitcoin ETF
Which is better, SPY or XBTY?
Large Cap Blend against Option Writing.
SPY has a lower expense ratio. SPY 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 | XBTY |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.15% |
| AUM | $804.7B | $11M |
| Dividend Yield | 0.98% | 201.02% |
| Holdings | 505 | 6 |
| YTD Return | +13.81%Best | -19.07% |
| 1Y Return | +16.94%Best | -40.69% |
| 3Y Return (annualized) | +22.84% | - |
| 5Y Return (annualized) | +13.50% | - |
| Volatility (annualized) | 11.8%Best | 30.4% |
| Max Drawdown | -8.9%Best | -49.0% |
| $10,000 over 1.4 years | $13,476Best | $7,165 |
| Fund Family | State Street Investment Management | GraniteShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | Jan 22, 1993 | May 12, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.4 years row, are measured over the window both funds cover: May 13, 2025 to Sep 22, 2026 (1.4 years).
SPY vs XBTY 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 1.4 years both funds cover.
SPY vs XBTY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and GraniteShares YieldBOOST Bitcoin ETF (XBTY) is an ETF from GraniteShares. Over the past year SPY returned +16.94% while XBTY returned -40.69%. Year to date, SPY is up 13.81% versus a loss of 19.07% for XBTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XBTY has been the more volatile fund, with annualized monthly volatility of 30.4% compared with 11.8% 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 -8.9% for SPY and -49.0% for XBTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while XBTY charges 1.15%. On a $10,000 position that is $9 vs $115 annually, a gap of $106 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 201.02% for XBTY.
You are not choosing between two funds in isolation.
Whichever of SPY and XBTY 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 XBTY?
SPY has an expense ratio of 0.09% while XBTY charges 1.15%. SPY is the cheaper option, by $106 a year on a $10,000 investment.
Which performed better, SPY or XBTY?
Over the past year SPY returned +16.94% vs -40.69% for XBTY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +23.75% vs -21.19% for XBTY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or XBTY?
XBTY has been the more volatile fund at 30.4% annualized versus 11.8% for SPY. Worst drawdown: SPY -8.9% vs XBTY -49.0%.
Should I hold both SPY and XBTY?
SPY and XBTY have a monthly-return correlation of 0.42, 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 XBTY?
SPY yields 0.98% while XBTY yields 201.02%, so XBTY currently pays the higher dividend yield.
Is XBTY better than SPY?
SPY has a lower expense ratio. SPY 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.