ODTE vs SPY
ODTE vs SPY
VegaShares SPX NDX RTY Premium Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | ODTE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.09% | |
| AUM | $3M | $789.1B | |
| Dividend Yield | 2.96% | 1.01% | |
| Holdings | 8 | 505 | |
| YTD Return | +8.68% | +13.79% | |
| 1Y Return | - | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -7.0% | -56.5% | |
| Fund Family | VegaShares ETFs | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Apr 2, 2026 | Jan 22, 1993 |
ODTE vs SPY Performance
VegaShares SPX NDX RTY Premium Income ETF (ODTE) is a ETF from VegaShares ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, ODTE is up 8.68% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -7.0% for ODTE and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
ODTE charges 0.76% per year while SPY charges 0.09%. On a $10,000 position that is $76 vs $9 annually, a gap of $67 per year that compounds over a long holding period. On income, ODTE currently yields 2.96% against 1.01% for SPY.
Holdings Overlap
ODTE and SPY share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ODTE or SPY?
ODTE has an expense ratio of 0.76% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
What is the holdings overlap between ODTE and SPY?
ODTE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, ODTE or SPY?
ODTE yields 2.96% while SPY yields 1.01%, so ODTE currently pays the higher dividend yield.
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