Are OARK and SPY in the same category?

OARK 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, OARK or SPY?

In the year to Oct 28, 2026, with distributions reinvested, OARK returned −2.3% and SPY +13.6%.

Which is cheaper, OARK or SPY?

SPY is cheaper, by 0.91 percentage points a year. That is about $91 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

OARK vs SPY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, OARK returned −2.3% to SPY's +13.6%, and SPY charges 0.09% to OARK's 1.00%.

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Net assets on Oct 27, 2026: $40m for YieldMax Innovation Option Income Strategy ETF and $814.8bn for SPDR S&P 500 ETF Trust.

OARK on its own →SPY on its own →

At a glance

−2.3%

OARK total return, 1 year

+13.6%

SPY total return, 1 year

1.00%

OARK expense ratio

0.09%

SPY expense ratio

Pair scorecard

SPY costs 0.91 points a year less; their one-year returns differ by 15.9 points; SPY is far larger, $814.8bn against $40m.

OARK vs SPY: Differences, Returns & Fees
Measure	OARK	SPY
Return
Measure	OARK	SPY
Total return, 1 year	−2.3%	+13.6%
Price change, 1 year	fell 37.0%	rose 12.4%
Latest payout, annualized	27.5%
Against its benchmark
Measure	OARK	SPY
What it tracks	Benchmark: ARK Innovation ETF, measured through ARKK	S&P 500 Index
Against its benchmark, same days	ahead by 1.2 pts
Cost and size
Measure	OARK	SPY
Expense ratio	1.00%	0.09%
Net assets, as of Oct 27, 2026	$40m	$814.8bn
Holdings
Measure	OARK	SPY
Holdings in common	0%
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

What they share

By the books each fund has filed, OARK and SPY hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first OARK SPY

Only in one fund ↓

Only in OARK

United States Treasury Note/Bond 3.375% 09/15/2027 29.86%

United States Treasury Note/Bond 2.375% 05/15/2027 24.47%

2ARKK US 11/20/26 C85.01 FLX 4.87%

ARKK US 10/30/26 C84.5 1.40%

ARKK US 10/30/26 C85 0.87%

ARKK US 10/30/26 C83 -1.67%

ARKK US 10/30/26 C82.5 -2.39%

2ARKK US 11/20/26 P85.01 FLX -3.41%

Only in SPY

NVIDIA CORP 7.92%

APPLE INC 7.61%

MICROSOFT CORP 5.93%

AMAZON.COM INC 3.73%

ALPHABET INC CL A 2.83%

BROADCOM INC 2.45%

ALPHABET INC CL C 2.26%

META PLATFORMS INC CLASS A 2.06%

Check overlap with more funds →

Side by side

OARK YieldMax Innovation Option Income Strategy ETF SPY SPDR S&P 500 ETF Trust

Where it sits Income ETF Stock ETF

Issuer YieldMax State Street

What it is synthetic covered call, vs ARKK Tracks the S&P 500

Total return, 1 year −2.3% +13.6%

Its benchmark over the same days −3.5% (ARKK) +13.7% (VOO)

Gap to its benchmark +1.2 pts vs ARKK −0.1 pts vs VOO

Cash paid, 1 year 32.3% not an income fund

Expense ratio 1.00% 0.09%

Holdings not read by ETFIQ 504

Net assets, as of Oct 27, 2026 $40m $814.8bn

OARK 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.

Alert

About each fund

OARK

Over the year to Oct 28, 2026, OARK paid 32.3% of its starting value in cash distributions while its price fell 37.0%. With every distribution reinvested, the fund returned −2.3%. ARK Innovation ETF (ARKK) returned −3.5% over the same days, so a holder was ahead by 1.2 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 27.5%, paid weekly.

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 OARK and SPY in the same category?: OARK 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, OARK or SPY?: In the year to Oct 28, 2026, with distributions reinvested, OARK returned −2.3% and SPY +13.6%.
Which is cheaper, OARK or SPY?: SPY is cheaper, by 0.91 percentage points a year. That is about $91 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IVV vs OARK OARK vs VOO OARK vs VTI OARK vs QQQ SDTY vs SPY ACKY vs SPY CVRD vs SPY SPY vs XIJN

Where to next

ARK Innovation ETF (ARKK) →OARK on its own →SPY on its own →Hold both: look the portfolio through →Rankings →OARK dividend history →OARK holdings →SPY dividend history →SPY holdings →Standards and sources →

Sources and dates

OARK filings on SEC EDGAR ↗

OARK prospectus with the expense ratio (SEC) ↗

OARK 19a-1 distribution notice ↗

YieldMax page for OARK ↗

SPY filings on SEC EDGAR ↗

State Street website ↗

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, OARK against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/oark-vs-spy

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.