AMUU vs SPY
Direxion Daily AMD Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. AMUU delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | AMUU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.09% | |
| AUM | $76M | $789.1B | |
| Dividend Yield | 2.81% | 1.01% | |
| Holdings | 10 | 505 | |
| YTD Return | +212.47% | +14.47% | |
| 1Y Return | +279.70% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 211.3% | 15.3% | |
| Max Drawdown | -56.5% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Feb 12, 2025 | Jan 22, 1993 |
AMUU vs SPY Performance
Direxion Daily AMD Bull 2X ETF (AMUU) is a ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AMUU returned +279.70% while SPY returned +21.96%. Year to date, AMUU is up 212.47% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
AMUU has been the more volatile fund, with annualized monthly volatility of 211.3% compared with 15.3% 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 -56.5% for AMUU and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMUU charges 1.06% per year while SPY charges 0.09%. On a $10,000 position that is $106 vs $9 annually, a gap of $97 per year that compounds over a long holding period. On income, AMUU currently yields 2.81% against 1.01% for SPY.
Holdings Overlap
AMUU and SPY share 1 holdings out of 508 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AMUU | Weight in SPY | Difference |
|---|---|---|---|
| AMD | 12.72% | 1.39% | 11.33% |
Frequently Asked Questions
Which is cheaper, AMUU or SPY?
AMUU has an expense ratio of 1.06% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, AMUU or SPY?
Over the past year AMUU returned +279.70% vs +21.96% for SPY, so AMUU leads on 1-year performance. Over the longest common window we track (2 years), AMUU annualized +312.11% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, AMUU or SPY?
AMUU has been the more volatile fund at 211.3% annualized versus 15.3% for SPY. Worst drawdown: AMUU -56.5% vs SPY -56.5%.
Should I hold both AMUU and SPY?
AMUU and SPY have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMUU and SPY?
AMUU and SPY share 1 common holdings with a 1.4% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, AMUU or SPY?
AMUU yields 2.81% while SPY yields 1.01%, so AMUU currently pays the higher dividend yield.
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