Data as of Oct 28, 2026.
DRKY vs SPY: Differences, Returns & Fees
Over the year to Oct 28, 2026, DRKY returned +21.1% to SPY's +13.6%, and SPY charges 0.09% to DRKY's 0.95%.
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Net assets on Oct 27, 2026: $22m for VistaShares Target 15 DRUKMacro 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 7.5 points; SPY is far larger, $814.8bn against $22m.
| Measure | DRKY | SPY |
|---|---|---|
| Return | ||
| Total return, 1 year | +21.1% | +13.6% |
| Price change, 1 year | rose 4.2% | rose 12.4% |
| Latest payout, annualized | 14.7% | |
| Return of capital, issuer estimate | 100% of the Oct 27, 2026 payment | |
| Benchmark | ||
| What it tracks | Benchmark: S&P 500, measured through SPY | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.95% | 0.09% |
| Net assets, as of Oct 27, 2026 | $22m | $814.8bn |
| Holdings | ||
| Holdings in common | 5% | |
| 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
Oct 17, 2025 to Oct 23, 2026 · 53 weekly returnsEach against its own benchmark: DRKY against SPY, Oct 17, 2025 to Oct 23, 2026; SPY against VOO, Sep 17, 2010 to Oct 23, 2026.
DRKY returned more: +20.6% to +15.6%. SPY swung less: 12.0% to 20.1%. SPY fell less at its worst: −8.4% to −15.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DRKY | SPY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +20.6% | +15.6% | DRKY | Price change plus distributions, reinvested. |
| Annualized | +20.1% | +15.3% | DRKY | Total return as a yearly rate. |
| Price return | +3.7% | +14.4% | SPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.1% | 12.0% | SPY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.0% | 7.0% | SPY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.2% | −8.4% | SPY | Deepest fall from a high to the low after it. |
| Upside capture | 117.1% | 99.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 101.8% | 100.0% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.11 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.44 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.82 | 0.93 | SPY | Return above Treasury bills per unit of volatility. |
| Sortino | 1.38 | 1.60 | SPY | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.149 | 0.133 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.33 | 1.82 | SPY | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | VOO | The ETF each fund is measured against. | |
| Alpha | +4.2% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.27 | −0.51 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −26.2% to +34.5% | −0.3% to +0.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.36 | −0.15 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 15.1% | 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, 53 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DRKY and SPY hold 5% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
5% in common
Only in one fund ↓
Side by side
DRKY 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.
DRKY and SPY do different jobs. What does each one do in a portfolio?
- What each follows. DRKY is measured against S&P 500 through SPY and SPY follows S&P 500 Index.
- Holdings in common. 5% 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 DRKY returned +21.1% and SPY +13.6% with distributions reinvested, a gap of 7.5 points.
Data as of Oct 28, 2026.
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DRKY
Over the year to Oct 28, 2026, DRKY paid 15.4% of its starting value in cash distributions while its price rose 4.2%. With every distribution reinvested, the fund returned +21.1%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 7.5 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 14.7%, paid monthly. VistaShares estimates that 100% of the distribution paid Oct 27, 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 DRKY and SPY in the same category?
- DRKY 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, DRKY or SPY?
- In the year to Oct 28, 2026, with distributions reinvested, DRKY returned +21.1% and SPY +13.6%.
- Which is cheaper, DRKY 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.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, DRKY against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/drky-vs-spy
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[DRKY against SPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/drky-vs-spy)
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