BAIG vs SPY
Leverage Shares 2X Long BBAI 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 | BAIG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.78% | 0.09% | |
| AUM | $10M | $821.1B | |
| Dividend Yield | 3.36% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | -82.78% | +12.93% | |
| 1Y Return | -87.34% | +20.62% | |
| 3Y Return (annualized) | - | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | 128.5% | 15.3% | |
| Max Drawdown | -96.0% | -56.5% | |
| Fund Family | Leverage Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 20, 2025 | Jan 22, 1993 |
BAIG vs SPY Performance
Leverage Shares 2X Long BBAI Daily ETF (BAIG) 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 BAIG returned -87.34% while SPY returned +20.62%. Year to date, BAIG is down 82.78% versus a gain of 12.93% for SPY.
Risk: Volatility and Drawdowns
BAIG has been the more volatile fund, with annualized monthly volatility of 128.5% 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 -96.0% for BAIG 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BAIG 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, BAIG currently yields 3.36% against 1.01% for SPY.
Holdings Overlap
BAIG 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, BAIG or SPY?
BAIG 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, BAIG or SPY?
Over the past year BAIG returned -87.34% vs +20.62% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, BAIG or SPY?
BAIG has been the more volatile fund at 128.5% annualized versus 15.3% for SPY. Worst drawdown: BAIG -96.0% vs SPY -56.5%.
Should I hold both BAIG and SPY?
BAIG and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BAIG and SPY?
BAIG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, BAIG or SPY?
BAIG yields 3.36% while SPY yields 1.01%, so BAIG currently pays the higher dividend yield.
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