LFGY vs. SPY

Last updated Jul 17, 2026

LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - LFGY is a Derivative Income fund actively managed by YieldMax, while SPY is a S&P 500 fund tracking the S&P 500 Index. LFGY is actively managed, while SPY is passively managed. Over the past year, LFGY returned -10.77% vs 21.60% for SPY. A 0.68 correlation means they provide meaningful diversification when combined. LFGY charges 1.02%/yr vs 0.09%/yr for SPY.

Performance

LFGY vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LFGY achieves a 6.60% return, which is significantly lower than SPY's 10.67% return.

LFGY

• 1D: -4.23%
• 1M: -11.01%
• 6M: -1.96%
• YTD: 6.60%
• 1Y: -10.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPY

• 1D: -0.54%
• 1M: 0.31%
• 6M: 9.02%
• YTD: 10.67%
• 1Y: 21.60%
• 3Y*: 20.01%
• 5Y*: 13.24%
• 10Y*: 15.08%

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

LFGY vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	6.60%	-9.35%
SPY State Street SPDR S&P 500 ETF	10.67%	18.67%

Correlation

The correlation between LFGY and SPY is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.68

The correlation between LFGY and SPY has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.

LFGY vs. SPY - Sectors Allocation Comparison

Sectors	LFGY	SPY
Financial Services	57.8%	11.1%
Technology	33.5%	39.0%
Communication Services	5.4%	10.6%
Consumer Cyclical	3.4%	9.9%
Basic Materials	-	1.7%
Consumer Defensive	-	4.5%
Energy	-	3.1%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Utilities	-	2.1%

Return for Risk

LFGY vs. SPY — Risk / Return Rank

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

LFGY

LFGY Risk / Return Rank: 7
LFGY Sharpe Ratio Rank: 7
LFGY Sortino Ratio Rank: 7
LFGY Omega Ratio Rank: 7
LFGY Calmar Ratio Rank: 7
LFGY Martin Ratio Rank: 6

SPY

SPY Risk / Return Rank: 65
SPY Sharpe Ratio Rank: 65
SPY Sortino Ratio Rank: 63
SPY Omega Ratio Rank: 65
SPY Calmar Ratio Rank: 61
SPY Martin Ratio Rank: 73

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.

LFGY vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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.

	LFGY	SPY	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	1.72	-2.00
Sortino ratio: Return per unit of downside risk	-0.13	2.38	-2.51
Omega ratio: Gain probability vs. loss probability	0.98	1.31	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.30	2.44	-2.74
Martin ratio: Return relative to average drawdown	-0.63	10.63	-11.26

LFGY vs. SPY - Sharpe Ratio Comparison

The current LFGY Sharpe Ratio is -0.28, which is lower than the SPY Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of LFGY and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LFGY vs. SPY - Drawdown Comparison

The maximum LFGY drawdown since its inception was -35.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LFGY and SPY.

Drawdown Indicators

	LFGY	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-35.94%	-55.19%	+19.25%
Max Drawdown (1Y) Largest decline over 1 year	-35.94%	-8.88%	-27.06%
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	-18.57%	-0.91%	-17.66%
Average Drawdown Average peak-to-trough decline	-14.04%	-9.02%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.12%	2.04%	+15.08%

Volatility

LFGY vs. SPY - Volatility Comparison

YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) has a higher volatility of 10.64% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that LFGY's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFGY	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.64%	3.58%	+7.06%
Volatility (6M) Calculated over the trailing 6-month period	32.11%	10.02%	+22.09%
Volatility (1Y) Calculated over the trailing 1-year period	39.30%	12.58%	+26.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.23%	17.17%	+25.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.23%	17.93%	+24.30%

LFGY vs. SPY - Expense Ratio Comparison

LFGY has a 1.02% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

LFGY vs. SPY - Dividend Comparison

LFGY's dividend yield for the trailing twelve months is around 89.21%, more than SPY's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	89.21%	94.90%	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	1.00%	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 LFGY and SPY in my portfolio?

LFGY and SPY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFGY or SPY?

LFGY has higher volatility (10.64%) compared to SPY (3.58%). In terms of maximum drawdown, LFGY dropped -35.94% vs SPY's -55.19%.

Which ETF is better, LFGY or SPY?

On 1-year performance, SPY leads with 21.60% vs -10.77% for LFGY. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFGY or SPY?

Over the 1-year period, SPY has performed better with a 21.60% return vs -10.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFGY or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 1.02% for LFGY.

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

LFGY has the higher dividend yield at 89.21%, compared with 1.00% for SPY.

What is the main difference between LFGY and SPY?

LFGY 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: 1.02% for LFGY and 0.09% for SPY.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (1.72 vs -0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.