SPY vs YBIT
State Street SPDR S&P 500 ETF Trust vs YieldMax Bitcoin Option Income Strategy ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | YBIT | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.02% | |
| AUM | $789.1B | $45M | |
| Dividend Yield | 1.01% | 93.24% | |
| Holdings | 505 | 11 | |
| YTD Return | +13.75% | -27.71% | |
| 1Y Return | +22.91% | -42.39% | |
| 3Y Return (annualized) | +21.67% | - | |
| 5Y Return (annualized) | +13.32% | - | |
| Volatility (annualized) | 15.3% | 34.5% | |
| Max Drawdown | -56.5% | -47.5% | |
| Fund Family | State Street Investment Management | YieldMax ETF | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Apr 22, 2024 |
SPY vs YBIT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and YieldMax Bitcoin Option Income Strategy ETF (YBIT) is a ETF from YieldMax ETF. Over the past year SPY returned +22.91% while YBIT returned -42.39%. Year to date, SPY is up 13.75% versus a loss of 27.71% for YBIT.
Risk: Volatility and Drawdowns
YBIT has been the more volatile fund, with annualized monthly volatility of 34.5% 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 -47.5% for YBIT. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while YBIT charges 1.02%. On a $10,000 position that is $9 vs $102 annually, a gap of $93 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 93.24% for YBIT.
Holdings Overlap
SPY and YBIT share 0 holdings out of 506 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 YBIT?
SPY has an expense ratio of 0.09% while YBIT charges 1.02%. SPY is the cheaper option. On a $10,000 investment, that is $93 per year of difference.
Which performed better, SPY or YBIT?
Over the past year SPY returned +22.91% vs -42.39% for YBIT, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +8.85% vs -13.10% for YBIT. Past performance does not guarantee future results.
Which is riskier, SPY or YBIT?
YBIT has been the more volatile fund at 34.5% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs YBIT -47.5%.
Should I hold both SPY and YBIT?
SPY and YBIT have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and YBIT?
SPY and YBIT share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, SPY or YBIT?
SPY yields 1.01% while YBIT yields 93.24%, so YBIT currently pays the higher dividend yield.
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