SPY vs TEST
State Street SPDR S&P 500 ETF Trust vs YieldMax TSLA Performance & Distribution Target 25 ETF
Which is better, SPY or TEST?
Large Cap Blend against Option Writing.
SPY has a lower expense ratio. SPY led 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 | SPY | TEST |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.01% |
| AUM | $823.2B | $4M |
| Dividend Yield | 0.99% | 26.39% |
| Holdings | 1,515 | 26 |
| YTD Return | +13.53%Best | -22.89% |
| 1Y Return | +17.47%Best | -18.09% |
| 3Y Return (annualized) | +22.36% | - |
| 5Y Return (annualized) | +13.21% | - |
| Fund Family | State Street Investment Management | YieldMax ETF |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Option Writing |
| Inception | Jan 22, 1993 | Nov 17, 2025 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs TEST 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs TEST Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) is an ETF from YieldMax ETF. Over the past year SPY returned +17.47% while TEST returned -18.09%. Year to date, SPY is up 13.53% versus a loss of 22.89% for TEST.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while TEST 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 0.99% against 26.39% for TEST.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 2 in TEST, totalling 99.8% and 54.0% 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 TEST, against full books of 1,515 and 26.
You are not choosing between two funds in isolation.
Whichever of SPY and TEST 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 TEST?
SPY has an expense ratio of 0.09% while TEST charges 1.01%. SPY is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, SPY or TEST?
Over the past year SPY returned +17.47% vs -18.09% for TEST, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which pays a higher dividend, SPY or TEST?
SPY yields 0.99% while TEST yields 26.39%, so TEST currently pays the higher dividend yield.
Is TEST better than SPY?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.