BIGY vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricBIGYSPYWinner
Expense Ratio1.09%0.09%
AUM$54M$789.1B
Dividend Yield11.95%1.01%
Holdings160505
YTD Return+6.72%+13.79%
1Y Return+17.41%+23.66%
3Y Return (annualized)-+21.40%
5Y Return (annualized)-+13.37%
Volatility (annualized)12.2%15.3%
Max Drawdown-18.9%-56.5%
Fund FamilyYieldMax ETFState Street Investment Management
CategoryEquityEquity
InceptionNov 20, 2024Jan 22, 1993

BIGY vs SPY Performance

YieldMax Target 12 Big 50 Option Income ETF (BIGY) is a ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BIGY returned +17.41% while SPY returned +23.66%. Year to date, BIGY is up 6.72% versus a gain of 13.79% for SPY.

Risk: Volatility and Drawdowns

SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.2% for BIGY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -18.9% for BIGY and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

BIGY charges 1.09% per year while SPY charges 0.09%. On a $10,000 position that is $109 vs $9 annually, a gap of $100 per year that compounds over a long holding period. On income, BIGY currently yields 11.95% against 1.01% for SPY.

Holdings Overlap

51.6%overlap

BIGY and SPY share 49 holdings out of 505 unique holdings combined, representing a 51.6% weight overlap.

High overlap means holding both may not provide much additional diversification.

Top Shared Holdings

StockWeight in BIGYWeight in SPYDifference
AAPL6.88%7.09%0.21%
NVDA6.26%7.31%1.05%
AMZN4.86%3.69%1.17%
GOOGLProProPro
MSFTProProPro
AVGOProProPro
METAProProPro
AMDProProPro
JPM:USProProPro
TSLAProProPro
See all 10 holdings BIGY shares with SPY
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, BIGY or SPY?

BIGY has an expense ratio of 1.09% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $100 per year of difference.

Which performed better, BIGY or SPY?

Over the past year BIGY returned +17.41% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), BIGY annualized +15.10% vs +8.85% for SPY. Past performance does not guarantee future results.

Which is riskier, BIGY or SPY?

SPY has been the more volatile fund at 15.3% annualized versus 12.2% for BIGY. Worst drawdown: BIGY -18.9% vs SPY -56.5%.

Should I hold both BIGY and SPY?

BIGY and SPY have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between BIGY and SPY?

BIGY and SPY share 49 common holdings with a 51.6% weight overlap. Combined, they hold 505 unique securities.

Which pays a higher dividend, BIGY or SPY?

BIGY yields 11.95% while SPY yields 1.01%, so BIGY currently pays the higher dividend yield.

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