Data as of Oct 28, 2026.
BIGY vs SPY: Differences, Returns & Fees
Over the year to Oct 28, 2026, BIGY returned +8.3% to SPY's +13.6%, and SPY charges 0.09% to BIGY's 1.09%.
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Net assets on Oct 27, 2026: $32m for YieldMax Target 12 Big 50 Option Income ETF and $814.8bn for SPDR S&P 500 ETF Trust.
Pair scorecard
SPY costs 1.00 points a year less; their one-year returns differ by 5.3 points; SPY is far larger, $814.8bn against $32m.
| Measure | BIGY | SPY |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.3% | +13.6% |
| Price change, 1 year | fell 4.4% | rose 12.4% |
| Latest payout, annualized | 12.3% | |
| Return of capital, issuer estimate | 0% of the Sep 3, 2026 payment | |
| Benchmark | ||
| What it tracks | Benchmark: S&P 500, measured through SPY | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 1.09% | 0.09% |
| Net assets, as of Oct 27, 2026 | $32m | $814.8bn |
| Holdings | ||
| Holdings in common | 61% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Nov 29, 2024 to Oct 23, 2026 · 99 weekly returnsEach against its own benchmark: BIGY against SPY, Nov 29, 2024 to Oct 23, 2026; SPY against VOO, Sep 17, 2010 to Oct 23, 2026.
SPY returned more: +29.0% to +25.9%. BIGY swung slightly less: 14.2% to 14.9%. SPY fell slightly less at its worst: −16.9% to −17.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BIGY | SPY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +25.9% | +29.0% | SPY | Price change plus distributions, reinvested. |
| Annualized | +12.9% | +14.3% | SPY | Total return as a yearly rate. |
| Price return | +0.6% | +26.1% | SPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.2% | 14.9% | BIGY (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.6% | 9.9% | BIGY (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −17.4% | −16.9% | SPY (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 91.4% | 99.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 96.9% | 100.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.93 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.95 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.64 | 0.70 | SPY (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.95 | 1.06 | SPY | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.098 | 0.133 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.74 | 0.85 | SPY | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | VOO | The ETF each fund is measured against. | |
| Alpha | −0.6% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.26 | −0.51 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −5.3% to +4.1% | −0.3% to +0.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.40 | −0.15 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 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, 99 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BIGY and SPY hold 61% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
61% in common
Only in one fund ↓
Side by side
BIGY 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.
BIGY and SPY do different jobs. What does each one do in a portfolio?
- What each follows. BIGY is measured against S&P 500 through SPY and SPY follows S&P 500 Index.
- One-year total return. Over 1 year to Oct 28, 2026 BIGY returned +8.3% and SPY +13.6% with distributions reinvested, a gap of 5.3 points.
- Cost. BIGY charges 1.09% of assets a year and SPY 0.09%, a gap of 1.00 points.
Data as of Oct 28, 2026.
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BIGY
Over the year to Oct 28, 2026, BIGY paid 12.0% of its starting value in cash distributions while its price fell 4.4%. With every distribution reinvested, the fund returned +8.3%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 5.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 12.3%, paid monthly. YieldMax estimates that 0% of the distribution paid Sep 3, 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 BIGY and SPY in the same category?
- BIGY 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, BIGY or SPY?
- In the year to Oct 28, 2026, with distributions reinvested, BIGY returned +8.3% and SPY +13.6%.
- Which is cheaper, BIGY or SPY?
- SPY is cheaper, by 1.00 percentage points a year. That is about $100 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, BIGY against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/bigy-vs-spy
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