APHG vs SPY
Leverage Shares 2X Long APH Daily ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | APHG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.09% | |
| AUM | $467,122.13 | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 3 | 505 | |
| YTD Return | -5.16% | +12.93% | |
| 1Y Return | -5.16% | +20.62% | |
| 3Y Return (annualized) | - | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | 1025668.7% | 15.3% | |
| Max Drawdown | -94.1% | -56.5% | |
| Fund Family | Leverage Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 16, 2026 | Jan 22, 1993 |
APHG vs SPY Performance
Leverage Shares 2X Long APH Daily ETF (APHG) is a ETF from Leverage Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year APHG returned -5.16% while SPY returned +20.62%. Year to date, APHG is down 5.16% versus a gain of 12.93% for SPY.
Risk: Volatility and Drawdowns
APHG has been the more volatile fund, with annualized monthly volatility of 1025668.7% 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 -94.1% for APHG 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 -0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
APHG charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, APHG currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
APHG and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, APHG or SPY?
APHG has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, APHG or SPY?
Over the past year APHG returned -5.16% vs +20.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (19 years), APHG annualized +55.17% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, APHG or SPY?
APHG has been the more volatile fund at 1025668.7% annualized versus 15.3% for SPY. Worst drawdown: APHG -94.1% vs SPY -56.5%.
Should I hold both APHG and SPY?
APHG and SPY have a monthly-return correlation of -0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between APHG and SPY?
APHG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, APHG or SPY?
APHG yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.