AVL vs SPY
Direxion Daily AVGO Bull 2X 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 | AVL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $186M | $821.1B | |
| Dividend Yield | 28.25% | 1.01% | |
| Holdings | 10 | 505 | |
| YTD Return | -10.93% | +13.17% | |
| 1Y Return | +9.67% | +21.53% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | 113.7% | 15.3% | |
| Max Drawdown | -70.6% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 10, 2024 | Jan 22, 1993 |
AVL vs SPY Performance
Direxion Daily AVGO Bull 2X ETF (AVL) 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 AVL returned +9.67% while SPY returned +21.53%. Year to date, AVL is down 10.93% versus a gain of 13.17% for SPY.
Risk: Volatility and Drawdowns
AVL has been the more volatile fund, with annualized monthly volatility of 113.7% 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 -70.6% for AVL 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AVL charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, AVL currently yields 28.25% against 1.01% for SPY.
Holdings Overlap
AVL and SPY share 1 holdings out of 508 unique holdings combined, representing a 3.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AVL | Weight in SPY | Difference |
|---|---|---|---|
| AVGO | 15.97% | 2.97% | 13.00% |
Frequently Asked Questions
Which is cheaper, AVL or SPY?
AVL has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, AVL or SPY?
Over the past year AVL returned +9.67% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), AVL annualized +42.92% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, AVL or SPY?
AVL has been the more volatile fund at 113.7% annualized versus 15.3% for SPY. Worst drawdown: AVL -70.6% vs SPY -56.5%.
Should I hold both AVL and SPY?
AVL and SPY have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AVL and SPY?
AVL and SPY share 1 common holdings with a 3.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, AVL or SPY?
AVL yields 28.25% while SPY yields 1.01%, so AVL currently pays the higher dividend yield.
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