ARMG vs SPY
Leverage Shares 2X Long ARM Daily ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ARMG delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | ARMG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.78% | 0.09% | |
| AUM | $55M | $789.1B | |
| Dividend Yield | 0.70% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +228.43% | +13.68% | |
| 1Y Return | +86.47% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 176.7% | 15.3% | |
| Max Drawdown | -80.3% | -56.5% | |
| Fund Family | Leverage Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jan 14, 2025 | Jan 22, 1993 |
ARMG vs SPY Performance
Leverage Shares 2X Long ARM Daily ETF (ARMG) 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 ARMG returned +86.47% while SPY returned +21.53%. Year to date, ARMG is up 228.43% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
ARMG has been the more volatile fund, with annualized monthly volatility of 176.7% 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 -80.3% for ARMG 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ARMG charges 0.78% per year while SPY charges 0.09%. On a $10,000 position that is $78 vs $9 annually, a gap of $69 per year that compounds over a long holding period. On income, ARMG currently yields 0.70% against 1.01% for SPY.
Holdings Overlap
ARMG and SPY share 0 holdings out of 504 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, ARMG or SPY?
ARMG has an expense ratio of 0.78% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, ARMG or SPY?
Over the past year ARMG returned +86.47% vs +21.53% for SPY, so ARMG leads on 1-year performance. Over the longest common window we track (2 years), ARMG annualized +22.59% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, ARMG or SPY?
ARMG has been the more volatile fund at 176.7% annualized versus 15.3% for SPY. Worst drawdown: ARMG -80.3% vs SPY -56.5%.
Should I hold both ARMG and SPY?
ARMG and SPY have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ARMG and SPY?
ARMG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, ARMG or SPY?
ARMG yields 0.70% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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