AVGG vs SPY
Leverage Shares 2X Long AVGO Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, AVGG or SPY?
Leverage Strategy against Large Cap Blend.
SPY has a lower expense ratio. AVGG led over 3Y, 5Y and the full window, SPY over 1Y.
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 | AVGG | SPY |
|---|---|---|
| Expense Ratio | 0.76% | 0.09%Best |
| AUM | $47M | $804.7B |
| Dividend Yield | 2.46% | 0.98% |
| Holdings | 5 | 505 |
| YTD Return | -14.08% | +11.52%Best |
| 1Y Return | -31.55% | +17.48%Best |
| 3Y Return (annualized) | +46.45%Best | +20.62% |
| 5Y Return (annualized) | +46.45%Best | +12.73% |
| Volatility (annualized) | 197562.8% | 15.3%Best |
| Max Drawdown | - | -56.5% |
| $10,000 over 5 years | $67,367Best | $18,205 |
| Fund Family | Leverage Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Leverage Strategy | Large Cap Blend |
| Inception | May 16, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 17, 2006 to Sep 10, 2026 (20.1 years).
AVGG 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
AVGG vs SPY Performance
Leverage Shares 2X Long AVGO Daily ETF (AVGG) is an ETF from Leverage Shares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year AVGG returned -31.55% while SPY returned +17.48%. Year to date, AVGG is down 14.08% versus a gain of 11.52% for SPY.
Over three years, AVGG compounded at +46.45% per year against +20.62% for SPY; over five years the annualized figures are +46.45% and +12.73% respectively. Across the full 20-year window we track, AVGG has the edge at +25.53% annualized vs +9.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AVGG has been the more volatile fund, with annualized monthly volatility of 197562.8% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.11. They move largely independently of each other.
Fees and Cost Over Time
AVGG charges 0.76% per year while SPY charges 0.09%. On a $10,000 position that is $76 vs $9 annually, a gap of $67 per year that compounds over a long holding period. On income, AVGG currently yields 2.46% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in AVGG and 504 in SPY, totalling 13.1% and 100.0% 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 AVGG and 504 in SPY, against full books of 5 and 505.
You are not choosing between two funds in isolation.
Whichever of AVGG 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, AVGG or SPY?
AVGG has an expense ratio of 0.76% while SPY charges 0.09%. SPY is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, AVGG or SPY?
Over the past year AVGG returned -31.55% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (20 years), AVGG annualized +25.53% vs +9.59% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AVGG or SPY?
AVGG has been the more volatile fund at 197562.8% annualized versus 15.3% for SPY.
Should I hold both AVGG and SPY?
AVGG and SPY have a monthly-return correlation of 0.11, 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, AVGG or SPY?
AVGG yields 2.46% while SPY yields 0.98%, so AVGG currently pays the higher dividend yield.
Is SPY better than AVGG?
SPY has a lower expense ratio. AVGG led over 3Y, 5Y and the full window, SPY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.