BLSG vs SPY
Leverage Shares 2X Long BLSH Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BLSG or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio.
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 | BLSG | SPY |
|---|---|---|
| Expense Ratio | 0.79% | 0.09%Best |
| AUM | $1M | $777.9B |
| Dividend Yield | 0.00% | 1.00% |
| Holdings | 12 | 1,011 |
| Volatility (annualized) | 164.3% | 13.2%Best |
| Fund Family | Leverage Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Oct 27, 2025 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
The two price series end 21 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BLSG has data through Oct 19, 2026 and SPY through Nov 9, 2026.
Risk: Volatility and Drawdowns
BLSG has been the more volatile fund, with annualized monthly volatility of 164.3% compared with 13.2% 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 0.15. They move largely independently of each other.
Fees and Cost Over Time
BLSG charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, BLSG currently yields 0.00% against 1.00% for SPY.
You are not choosing between two funds in isolation.
Whichever of BLSG 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, BLSG or SPY?
BLSG has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option, by $70 a year on a $10,000 investment.
Which is riskier, BLSG or SPY?
BLSG has been the more volatile fund at 164.3% annualized versus 13.2% for SPY.
Should I hold both BLSG and SPY?
BLSG and SPY have a monthly-return correlation of 0.15, 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, BLSG or SPY?
BLSG yields 0.00% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than BLSG?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.