SDTY vs. YSPY

Last updated Jun 13, 2026

SDTY (YieldMax S&P 500 0DTE Covered Call Strategy ETF) and YSPY (GraniteShares YieldBOOST SPY ETF) are both exchange-traded funds - SDTY is a Derivative Income fund actively managed by YieldMax, while YSPY is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, SDTY returned 20.93% vs 21.48% for YSPY. Their correlation of 0.81 suggests significant overlap in exposure. SDTY charges 1.01%/yr vs 1.07%/yr for YSPY.

Performance

SDTY vs. YSPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) and GraniteShares YieldBOOST SPY ETF (YSPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDTY achieves a 6.14% return, which is significantly higher than YSPY's 2.79% return.

SDTY

• 1D: 0.44%
• 1M: -0.55%
• YTD: 6.14%
• 6M: 6.86%
• 1Y: 20.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YSPY

• 1D: 0.20%
• 1M: -0.98%
• YTD: 2.79%
• 6M: 3.64%
• 1Y: 21.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDTY vs. YSPY - Yearly Performance Comparison

	2026 (YTD)	2025
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	6.14%	11.84%
YSPY GraniteShares YieldBOOST SPY ETF	2.79%	8.36%

Correlation

The correlation between SDTY and YSPY is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025	0.81

The correlation between SDTY and YSPY has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

SDTY vs. YSPY — Risk / Return Rank

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

SDTY

SDTY Risk / Return Rank: 64
SDTY Sharpe Ratio Rank: 65
SDTY Sortino Ratio Rank: 62
SDTY Omega Ratio Rank: 66
SDTY Calmar Ratio Rank: 60
SDTY Martin Ratio Rank: 67

YSPY

YSPY Risk / Return Rank: 36
YSPY Sharpe Ratio Rank: 35
YSPY Sortino Ratio Rank: 29
YSPY Omega Ratio Rank: 43
YSPY Calmar Ratio Rank: 34
YSPY Martin Ratio Rank: 39

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.

SDTY vs. YSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) and GraniteShares YieldBOOST SPY ETF (YSPY). 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.

	SDTY	YSPY	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.12	+0.74
Sortino ratio: Return per unit of downside risk	2.54	1.44	+1.10
Omega ratio: Gain probability vs. loss probability	1.34	1.24	+0.10
Calmar ratio: Return relative to maximum drawdown	2.62	1.48	+1.15
Martin ratio: Return relative to average drawdown	10.75	5.43	+5.33

SDTY vs. YSPY - Sharpe Ratio Comparison

The current SDTY Sharpe Ratio is 1.86, which is higher than the YSPY Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of SDTY and YSPY, 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

SDTY vs. YSPY - Drawdown Comparison

The maximum SDTY drawdown since its inception was -18.63%, roughly equal to the maximum YSPY drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for SDTY and YSPY.

Drawdown Indicators

	SDTY	YSPY	Difference
Max Drawdown Largest peak-to-trough decline	-18.63%	-18.74%	+0.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.02%	-14.60%	+6.58%
Current Drawdown Current decline from peak	-2.74%	-3.02%	+0.28%
Average Drawdown Average peak-to-trough decline	-3.01%	-4.94%	+1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	3.97%	-2.02%

Volatility

SDTY vs. YSPY - Volatility Comparison

YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) has a higher volatility of 3.71% compared to GraniteShares YieldBOOST SPY ETF (YSPY) at 3.14%. This indicates that SDTY's price experiences larger fluctuations and is considered to be riskier than YSPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDTY	YSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	3.14%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	8.86%	14.37%	-5.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.31%	19.28%	-7.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	21.18%	-4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	21.18%	-4.40%

SDTY vs. YSPY - Expense Ratio Comparison

SDTY has a 1.01% expense ratio, which is lower than YSPY's 1.07% expense ratio.

Dividends

SDTY vs. YSPY - Dividend Comparison

SDTY's dividend yield for the trailing twelve months is around 26.09%, less than YSPY's 58.35% yield.

Position	TTM	2025
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	26.09%	22.00%
YSPY GraniteShares YieldBOOST SPY ETF	58.35%	45.57%

Frequently Asked Questions

Can I hold both SDTY and YSPY in my portfolio?

SDTY and YSPY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDTY or YSPY?

SDTY has higher volatility (3.71%) compared to YSPY (3.14%). In terms of maximum drawdown, SDTY dropped -18.63% vs YSPY's -18.74%.

Which ETF is better, SDTY or YSPY?

On 1-year performance, YSPY leads with 21.48% vs 20.93% for SDTY. On fees, SDTY is cheaper at 1.01% per year. On volatility, YSPY has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDTY or YSPY?

Over the 1-year period, YSPY has performed better with a 21.48% return vs 20.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDTY or YSPY?

SDTY is cheaper with a 1.01% expense ratio, compared with 1.07% for YSPY.

Which ETF pays a higher dividend yield, SDTY or YSPY?

YSPY has the higher dividend yield at 58.35%, compared with 26.09% for SDTY.

What is the main difference between SDTY and YSPY?

SDTY is categorized as Derivative Income, while YSPY is Leveraged Equities. They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 1.01% for SDTY and 1.07% for YSPY.

Which has better risk-adjusted returns?

SDTY currently has the higher Sharpe Ratio (1.86 vs 1.12), 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.