BOEG vs SPY
Leverage Shares 2X Long BA Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BOEG or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | BOEG | SPY |
|---|---|---|
| Expense Ratio | 0.77% | 0.09%Best |
| AUM | $7M | $811.2B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 5 | 1,515 |
| YTD Return | -39.45% | +14.30%Best |
| 1Y Return | -38.98% | +16.61%Best |
| 3Y Return (annualized) | - | +23.23% |
| 5Y Return (annualized) | - | +13.85% |
| Volatility (annualized) | 58.5% | 11.5%Best |
| Max Drawdown | -54.3% | -8.9%Best |
| $10,000 over 1.3 years | $7,081 | $13,163Best |
| Fund Family | Leverage Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Jun 13, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 13, 2025 to Oct 5, 2026 (1.3 years).
BOEG 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 covers the 1.3 years both funds cover.
BOEG vs SPY Performance
Leverage Shares 2X Long BA Daily ETF (BOEG) 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 BOEG returned -38.98% while SPY returned +16.61%. Year to date, BOEG is down 39.45% versus a gain of 14.30% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BOEG has been the more volatile fund, with annualized monthly volatility of 58.5% compared with 11.5% 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 -54.3% for BOEG and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BOEG 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, BOEG currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in BOEG and 504 in SPY, totalling 16.0% and 99.8% 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 BOEG and 504 in SPY, against full books of 5 and 1,515.
You are not choosing between two funds in isolation.
Whichever of BOEG 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, BOEG or SPY?
BOEG has an expense ratio of 0.77% while SPY charges 0.09%. SPY is the cheaper option, by $68 a year on a $10,000 investment.
Which performed better, BOEG or SPY?
Over the past year BOEG returned -38.98% vs +16.61% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), BOEG annualized -23.32% vs +23.54% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BOEG or SPY?
BOEG has been the more volatile fund at 58.5% annualized versus 11.5% for SPY. Worst drawdown: BOEG -54.3% vs SPY -8.9%.
Should I hold both BOEG and SPY?
BOEG and SPY have a monthly-return correlation of 0.55, 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, BOEG or SPY?
BOEG yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than BOEG?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.