ASMG vs SPY
Leverage Shares 2X Long ASML Daily ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ASMG delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | ASMG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.77% | 0.09% | |
| AUM | $34M | $789.1B | |
| Dividend Yield | 3.89% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +78.87% | +13.75% | |
| 1Y Return | +320.23% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 97.3% | 15.3% | |
| Max Drawdown | -44.0% | -56.5% | |
| Fund Family | Leverage Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jan 14, 2025 | Jan 22, 1993 |
ASMG vs SPY Performance
Leverage Shares 2X Long ASML Daily ETF (ASMG) 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 ASMG returned +320.23% while SPY returned +22.91%. Year to date, ASMG is up 78.87% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
ASMG has been the more volatile fund, with annualized monthly volatility of 97.3% 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 -44.0% for ASMG 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASMG charges 0.77% per year while SPY charges 0.09%. On a $10,000 position that is $77 vs $9 annually, a gap of $68 per year that compounds over a long holding period. On income, ASMG currently yields 3.89% against 1.01% for SPY.
Holdings Overlap
ASMG 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, ASMG or SPY?
ASMG has an expense ratio of 0.77% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $68 per year of difference.
Which performed better, ASMG or SPY?
Over the past year ASMG returned +320.23% vs +22.91% for SPY, so ASMG leads on 1-year performance. Over the longest common window we track (2 years), ASMG annualized +119.68% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, ASMG or SPY?
ASMG has been the more volatile fund at 97.3% annualized versus 15.3% for SPY. Worst drawdown: ASMG -44.0% vs SPY -56.5%.
Should I hold both ASMG and SPY?
ASMG and SPY have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASMG and SPY?
ASMG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, ASMG or SPY?
ASMG yields 3.89% while SPY yields 1.01%, so ASMG currently pays the higher dividend yield.
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