Data as of Oct 28, 2026.
ACKY vs SPY: Differences, Returns & Fees
Over the year to Oct 28, 2026, ACKY returned −1.0% to SPY's +13.6%, and SPY charges 0.09% to ACKY's 0.95%.
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Net assets on Oct 27, 2026: $44m for VistaShares Target 15 ACKtivist Distribution ETF and $814.8bn for SPDR S&P 500 ETF Trust.
Pair scorecard
SPY costs 0.86 points a year less; their one-year returns differ by 14.6 points; SPY is far larger, $814.8bn against $44m.
| Measure | ACKY | SPY |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.0% | +13.6% |
| Price change, 1 year | fell 14.8% | rose 12.4% |
| Latest payout, annualized | 15.3% | |
| Return of capital, issuer estimate | 98% of the Sep 29, 2026 payment | |
| Benchmark | ||
| What it tracks | Benchmark: Pershing Square USA (PSUS) | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.95% | 0.09% |
| Net assets, as of Oct 27, 2026 | $44m | $814.8bn |
| Holdings | ||
| Holdings in common | 3% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Sep 19, 2025 to Oct 23, 2026 · 57 weekly returnsEach against its own benchmark: ACKY against SPY, Sep 19, 2025 to Oct 23, 2026; SPY against VOO, Sep 17, 2010 to Oct 23, 2026.
SPY returned more: +15.7% to −1.0%. SPY swung less: 12.0% to 16.2%. SPY fell less at its worst: −8.4% to −14.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | ACKY | SPY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −1.0% | +15.7% | SPY | Price change plus distributions, reinvested. |
| Annualized | −0.9% | +14.3% | SPY | Total return as a yearly rate. |
| Price return | −15.9% | +14.5% | SPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.2% | 12.0% | SPY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.4% | 7.1% | SPY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.6% | −8.4% | SPY | Deepest fall from a high to the low after it. |
| Upside capture | 85.7% | 99.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 123.2% | 100.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.13 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.70 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.21 | 0.85 | SPY | Return above Treasury bills per unit of volatility. |
| Sortino | −0.33 | 1.43 | SPY | Return above Treasury bills per unit of downside deviation. |
| Treynor | −0.030 | 0.133 | Return above Treasury bills per unit of beta. | |
| Calmar | −0.06 | 1.70 | SPY | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | VOO | The ETF each fund is measured against. | |
| Alpha | −15.0% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.74 | −0.51 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −32.3% to +2.3% | −0.3% to +0.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −1.51 | −0.15 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 9.0% | 0.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 57 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ACKY and SPY hold 3% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
3% in common
Only in one fund ↓
Side by side
ACKY and SPY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
ACKY and SPY do different jobs. What does each one do in a portfolio?
- What each follows. ACKY is measured against Pershing Square USA (PSUS) and SPY follows S&P 500 Index.
- Holdings in common. 3% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 ACKY returned −1.0% and SPY +13.6% with distributions reinvested, a gap of 14.6 points.
Data as of Oct 28, 2026.
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ACKY
Over the year to Oct 28, 2026, ACKY paid 13.8% of its starting value in cash distributions while its price fell 14.8%. With every distribution reinvested, the fund returned −1.0%. At its price on Oct 28, 2026 the latest distribution annualizes to 15.3%, paid monthly. VistaShares estimates that 98% of the distribution paid Sep 29, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
SPY
SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.
Questions people ask
- Are ACKY and SPY in the same category?
- ACKY is an option-income ETF and SPY is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, ACKY or SPY?
- In the year to Oct 28, 2026, with distributions reinvested, ACKY returned −1.0% and SPY +13.6%.
- Which is cheaper, ACKY or SPY?
- SPY is cheaper, by 0.86 percentage points a year. That is about $86 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, ACKY against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/acky-vs-spy
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[ACKY against SPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/acky-vs-spy)
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