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ETF Comparison

SPY vs YSPY: Which Is the Better Pick in 2026?

A head-to-head comparison of SPDR S&P 500 ETF Trust and GraniteShares YieldBOOST SPY ETF covering yield, cost, risk, and income potential.

Data updated June 24, 2026

ETFs162
Total AUM$2100B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.

See our curated list of related YouTube videos on SPY.

ETFs51
Total AUM$9.35B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

GraniteShares is known for offering specialized ETF strategies that extend beyond traditional equity and bond investing, particularly through structured products and income-focused solutions. The firm manages 48 ETFs organized around distinct fund families including Autocallable products, Commodities, Income strategies, Leveraged exposures, and their YieldBOOST line designed to enhance distributions. GraniteShares targets investors seeking alternative income generation methods and commodity access, with popular tickers like AHD, CRY, and FBL representing their diverse approach to yield enhancement and alternative asset classes.

See our curated list of related YouTube videos on YSPY.

Side-by-side snapshot

SPYYSPY
Full nameSPDR S&P 500 ETF TrustGraniteShares YieldBOOST SPY ETF
IssuerState StreetGraniteShares
Last Close$733.58 as of June 24, 2026$15.04 as of June 24, 2026
Distribution yield1.04%17.79%
Expense ratio0.10%1.15%
AUM$783B$13.9M
Distribution frequencyQuarterlyWeekly
Underlying indexS&P 500 IndexSPDR S&P 500 ETF Trust (SPY)
ObjectiveTrack the S&P 500 Index before expenses.Seeks current income with secondary exposure to the Direxion Daily S&P 500 Bull 3X Shares (SPXL) through a derivatives-based options strategy, generating weekly income by selling options on the leveraged ETF.
Asset classEquityEquity
Inception date01/22/199302/26/2025
Beta1.01.3632
Last dividend$1.9035$0.0515
Ex-dividend date09/18/202603/28/2025

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

SPY has outpaced YSPY over the trailing twelve months, posting a 23.27% total return against 17.42%. Measured from Feb 2025 — when the younger fund began trading — SPY has compounded at 18.55% a year versus 7.18% for YSPY. SPY has been the steadier holding, though — annualized volatility of 12.5% against 19.7% for YSPY. Figures are total returns: price change plus every distribution reinvested.

SymbolYTD1YSince Feb 2025Volatility Sharpe Sortino Max drawdown
SPY7.67%23.27%18.55%12.5%1.321.88-8.9%
YSPY1.66%17.42%7.18%19.7%0.590.75-15.4%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of June 23, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Feb 2025” measures every fund from February 26, 2025 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

SPY (SPDR S&P 500 ETF Trust) and YSPY (GraniteShares YieldBOOST SPY ETF) are both dividend ETFs, but they take different approaches.

YSPY offers the higher yield at 17.79% vs 1.04% for SPY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

SPY is cheaper with an expense ratio of 0.10% compared to 1.15%.

They track different benchmarks: SPY is linked to S&P 500 Index while YSPY tracks SPDR S&P 500 ETF Trust (SPY), which means their performance drivers differ.

SPY is the larger fund by assets ($783B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, SPY would generate roughly $8.67/month, while YSPY would produce $148.25/month, at current distribution rates.

SPY yield1.04%
YSPY yield17.79%
Monthly diff on $10K$139.58

Cost & efficiency

Over 10 years on $10,000, SPY would cost approximately $100 in fees vs $1,150 for YSPY (simplified, not compounded). The $1,050.00 difference may be offset by yield or performance.

SPY ER0.10%
YSPY ER1.15%

Strategy & risk

SPY tracks S&P 500 Index with a large cap approach, while YSPY tracks SPDR S&P 500 ETF Trust (SPY) with a basket approach. Beta is 1.0 for SPY and 1.3632 for YSPY, indicating SPY is less volatile relative to the market.

SPY beta1.0
YSPY beta1.3632

Fund details

SPY is managed by State Street (launched 01/22/1993) with $783B in assets. YSPY is managed by GraniteShares (launched 02/26/2025) with $13.9M in assets.

SPY AUM$783B
YSPY AUM$13.9M

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Frequently asked questions

Is SPY or YSPY better for dividend income?

It depends on your goals. YSPY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between SPY and YSPY?

SPY (SPDR S&P 500 ETF Trust) tracks S&P 500 Index with a large cap approach, while YSPY (GraniteShares YieldBOOST SPY ETF) tracks SPDR S&P 500 ETF Trust (SPY) with a basket approach. They are issued by State Street and GraniteShares respectively.

Can I hold both SPY and YSPY?

Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.

Which has lower fees, SPY or YSPY?

SPY has an expense ratio of 0.10% while YSPY charges 1.15%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in SPY vs YSPY generate?

At current rates, $10,000 in SPY would generate roughly $8.67 per month ($104.00 annually). The same in YSPY would produce about $148.25 per month ($1,779.00 annually).

Which has performed better historically, SPY or YSPY?

SPY has outpaced YSPY over the trailing twelve months, posting a 23.27% total return against 17.42%. Measured from Feb 2025 — when the younger fund began trading — SPY has compounded at 18.55% a year versus 7.18% for YSPY. SPY has been the steadier holding, though — annualized volatility of 12.5% against 19.7% for YSPY. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

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