AFRU vs SPY
T-REX 2X Long AFRM Daily Target ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AFRU or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AFRU | SPY |
|---|---|---|
| Expense Ratio | 1.50% | 0.09%Best |
| AUM | $2M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 3 | 505 |
| YTD Return | -37.37% | +12.09%Best |
| 1Y Return | -64.17% | +16.29%Best |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 119.6% | 13.3%Best |
| Max Drawdown | -84.4% | -8.9%Best |
| $10,000 over 1 years | $3,585 | $11,660Best |
| Fund Family | REX Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Sep 16, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Sep 16, 2025 to Sep 18, 2026 (1 years).
AFRU vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
AFRU vs SPY Performance
T-REX 2X Long AFRM Daily Target ETF (AFRU) is an ETF from REX Shares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year AFRU returned -64.17% while SPY returned +16.29%. Year to date, AFRU is down 37.37% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AFRU has been the more volatile fund, with annualized monthly volatility of 119.6% compared with 13.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -84.4% for AFRU and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AFRU charges 1.50% per year while SPY charges 0.09%. On a $10,000 position that is $150 vs $9 annually, a gap of $141 per year that compounds over a long holding period. On income, AFRU currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in AFRU and 504 in SPY, totalling 5.2% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in AFRU and 504 in SPY, against full books of 3 and 505.
You are not choosing between two funds in isolation.
Whichever of AFRU and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AFRU or SPY?
AFRU has an expense ratio of 1.50% while SPY charges 0.09%. SPY is the cheaper option, by $141 a year on a $10,000 investment.
Which performed better, AFRU or SPY?
Over the past year AFRU returned -64.17% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), AFRU annualized -64.15% vs +16.60% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AFRU or SPY?
AFRU has been the more volatile fund at 119.6% annualized versus 13.3% for SPY. Worst drawdown: AFRU -84.4% vs SPY -8.9%.
Should I hold both AFRU and SPY?
AFRU and SPY have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AFRU or SPY?
AFRU yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than AFRU?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.