DDDD vs. SPY

Last updated Jun 25, 2026

DDDD (YieldMax U.S. Stocks Target Double Distribution ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - DDDD is a Derivative Income fund actively managed by YieldMax, while SPY is a S&P 500 fund tracking the S&P 500 Index. DDDD is actively managed, while SPY is passively managed. At a 0.38 correlation, their price movements are largely independent. DDDD charges 0.99%/yr vs 0.09%/yr for SPY.

Performance

DDDD vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax U.S. Stocks Target Double Distribution ETF (DDDD) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDDD

• 1D: -0.41%
• 1M: -2.90%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPY

• 1D: -0.05%
• 1M: -1.41%
• YTD: 8.10%
• 6M: 6.77%
• 1Y: 22.18%
• 3Y*: 20.66%
• 5Y*: 12.96%
• 10Y*: 15.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DDDD vs. SPY - Yearly Performance Comparison

	2026 (YTD)
DDDD YieldMax U.S. Stocks Target Double Distribution ETF	3.15%
SPY State Street SPDR S&P 500 ETF	8.99%

Correlation

The correlation between DDDD and SPY is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026	0.38

Return for Risk

DDDD vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DDDD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPY

SPY Risk / Return Rank: 60
SPY Sharpe Ratio Rank: 59
SPY Sortino Ratio Rank: 57
SPY Omega Ratio Rank: 59
SPY Calmar Ratio Rank: 57
SPY Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DDDD vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax U.S. Stocks Target Double Distribution ETF (DDDD) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DDDD	SPY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.79	—
Sortino ratio: Return per unit of downside risk	—	2.45	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.51	—
Martin ratio: Return relative to average drawdown	—	11.15	—

Drawdowns

DDDD vs. SPY - Drawdown Comparison

The maximum DDDD drawdown since its inception was -2.90%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DDDD and SPY.

Drawdown Indicators

	DDDD	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-2.90%	-55.19%	+52.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-2.90%	-3.22%	+0.32%
Average Drawdown Average peak-to-trough decline	-0.76%	-9.03%	+8.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.99%	—

Volatility

Volatility by Period

	DDDD	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.81%	12.47%	-2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.81%	17.15%	-7.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.81%	17.95%	-8.14%

DDDD vs. SPY - Expense Ratio Comparison

DDDD has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

DDDD vs. SPY - Dividend Comparison

DDDD has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDDD YieldMax U.S. Stocks Target Double Distribution ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.03%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both DDDD and SPY in my portfolio?

DDDD and SPY have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDDD or SPY?

On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDDD or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.99% for DDDD.

Which ETF pays a higher dividend yield, DDDD or SPY?

SPY has the higher dividend yield at 1.03%, compared with 0.00% for DDDD.

What is the main difference between DDDD and SPY?

DDDD is categorized as Derivative Income, while SPY is S&P 500. They also come from different issuers: YieldMax and State Street. Their fees differ too: 0.99% for DDDD and 0.09% for SPY.