SPY vs. YMAX
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and YieldMax Universe Fund of Option Income ETFs (YMAX).
SPY and YMAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPY or YMAX.
Correlation
The correlation between SPY and YMAX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPY vs. YMAX - Performance Comparison
Key characteristics
SPY:
0.72
YMAX:
0.39
SPY:
1.13
YMAX:
0.69
SPY:
1.17
YMAX:
1.09
SPY:
0.76
YMAX:
0.40
SPY:
3.04
YMAX:
1.31
SPY:
4.72%
YMAX:
7.77%
SPY:
20.06%
YMAX:
25.80%
SPY:
-55.19%
YMAX:
-25.56%
SPY:
-7.25%
YMAX:
-11.25%
Returns By Period
In the year-to-date period, SPY achieves a -3.01% return, which is significantly higher than YMAX's -5.09% return.
SPY
-3.01%
12.17%
-0.12%
12.26%
16.40%
12.46%
YMAX
-5.09%
17.12%
3.59%
7.26%
N/A
N/A
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SPY vs. YMAX - Expense Ratio Comparison
SPY has a 0.09% expense ratio, which is lower than YMAX's 1.28% expense ratio.
Risk-Adjusted Performance
SPY vs. YMAX — Risk-Adjusted Performance Rank
SPY
YMAX
SPY vs. YMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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.
Dividends
SPY vs. YMAX - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.26%, less than YMAX's 64.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.26% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
YMAX YieldMax Universe Fund of Option Income ETFs | 64.03% | 44.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPY vs. YMAX - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, which is greater than YMAX's maximum drawdown of -25.56%. Use the drawdown chart below to compare losses from any high point for SPY and YMAX. For additional features, visit the drawdowns tool.
Volatility
SPY vs. YMAX - Volatility Comparison
SPDR S&P 500 ETF (SPY) and YieldMax Universe Fund of Option Income ETFs (YMAX) have volatilities of 15.07% and 15.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.