SPY vs XYZY
State Street SPDR S&P 500 ETF Trust vs YieldMax XYZ 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 | XYZY | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.44% | |
| AUM | $821.1B | $45M | |
| Dividend Yield | 1.01% | 78.81% | |
| Holdings | 505 | 14 | |
| YTD Return | +12.68% | +12.68% | |
| 1Y Return | +21.82% | -1.65% | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 41.8% | |
| Max Drawdown | -56.5% | -52.3% | |
| Fund Family | State Street Investment Management | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Oct 10, 2023 |
SPY vs XYZY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and YieldMax XYZ Option Income Strategy ETF (XYZY) is a ETF from YieldMax ETF. Over the past year SPY returned +21.82% while XYZY returned -1.65%. Year to date, SPY is up 12.68% versus a gain of 12.68% for XYZY.
Risk: Volatility and Drawdowns
XYZY has been the more volatile fund, with annualized monthly volatility of 41.8% 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 -52.3% for XYZY. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while XYZY charges 1.44%. On a $10,000 position that is $9 vs $144 annually, a gap of $135 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 78.81% for XYZY.
Holdings Overlap
SPY and XYZY 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 XYZY?
SPY has an expense ratio of 0.09% while XYZY charges 1.44%. SPY is the cheaper option. On a $10,000 investment, that is $135 per year of difference.
Which performed better, SPY or XYZY?
Over the past year SPY returned +21.82% vs -1.65% for XYZY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.81% vs +12.32% for XYZY. Past performance does not guarantee future results.
Which is riskier, SPY or XYZY?
XYZY has been the more volatile fund at 41.8% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs XYZY -52.3%.
Should I hold both SPY and XYZY?
SPY and XYZY have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and XYZY?
SPY and XYZY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, SPY or XYZY?
SPY yields 1.01% while XYZY yields 78.81%, so XYZY currently pays the higher dividend yield.
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