HOOY vs SPY
YieldMax HOOD Option Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HOOY or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. HOOY led over the full window, SPY over 1Y.
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 | HOOY | SPY |
|---|---|---|
| Expense Ratio | 0.99% | 0.09%Best |
| AUM | $160M | $823.2B |
| Dividend Yield | 119.03% | 0.99% |
| Holdings | 16 | 1,515 |
| YTD Return | -11.11% | +13.53%Best |
| 1Y Return | -25.44% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 51.0% | 11.6%Best |
| Max Drawdown | -51.5% | -8.9%Best |
| $10,000 over 1.4 years | $14,743Best | $13,737 |
| Fund Family | YieldMax ETF | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | May 7, 2025 | Jan 22, 1993 |
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 8, 2025 to Oct 14, 2026 (1.4 years).
HOOY vs SPY 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.
HOOY vs SPY Performance
YieldMax HOOD Option Income Strategy ETF (HOOY) is an ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HOOY returned -25.44% while SPY returned +17.47%. Year to date, HOOY is down 11.11% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HOOY has been the more volatile fund, with annualized monthly volatility of 51.0% compared with 11.6% 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 -51.5% for HOOY and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HOOY charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, HOOY currently yields 119.03% against 0.99% for SPY.
Holdings Overlap
At least 0.1% of SPY's money is in holdings HOOY also owns.
Stated as a floor: for HOOY, our book for it covers 37.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 1 positions we hold weights for in HOOY and 504 in SPY, against full books of 16 and 1,515.
Top Shared Holdings
| Stock | Weight in HOOY | Weight in SPY | Difference |
|---|---|---|---|
| HOODRobinhood Markets Inc - A | 37.72% | 0.14% | 37.58% |
You are not choosing between two funds in isolation.
Whichever of HOOY and SPY 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, HOOY or SPY?
HOOY has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option, by $90 a year on a $10,000 investment.
Which performed better, HOOY or SPY?
Over the past year HOOY returned -25.44% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), HOOY annualized +31.95% vs +25.46% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HOOY or SPY?
HOOY has been the more volatile fund at 51.0% annualized versus 11.6% for SPY. Worst drawdown: HOOY -51.5% vs SPY -8.9%.
Should I hold both HOOY and SPY?
HOOY and SPY have a monthly-return correlation of 0.53, 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, HOOY or SPY?
HOOY yields 119.03% while SPY yields 0.99%, so HOOY currently pays the higher dividend yield.
Is SPY better than HOOY?
SPY has a lower expense ratio. HOOY led over the full window, SPY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.