BRZU vs SPY
Direxion Daily MSCI Brazil Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BRZU or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. BRZU led over 1Y, SPY over 3Y, 5Y 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 | BRZU | SPY |
|---|---|---|
| Expense Ratio | 1.32% | 0.09%Best |
| AUM | $104M | $804.7B |
| Dividend Yield | 1.87% | 0.98% |
| Holdings | 8 | 505 |
| YTD Return | +31.49%Best | +12.47% |
| 1Y Return | +56.77%Best | +17.51% |
| 3Y Return (annualized) | +12.38% | +21.18%Best |
| 5Y Return (annualized) | +5.67% | +12.88%Best |
| Volatility (annualized) | 84.5% | 14.4%Best |
| Max Drawdown | - | -34.1% |
| $10,000 over 5 years | $13,175 | $18,327Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Apr 10, 2013 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 10, 2013 to Sep 11, 2026 (13.4 years).
BRZU 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 13.4 years both funds cover.
BRZU vs SPY Performance
Direxion Daily MSCI Brazil Bull 2X ETF (BRZU) is an ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BRZU returned +56.77% while SPY returned +17.51%. Year to date, BRZU is up 31.49% versus a gain of 12.47% for SPY.
Over three years, BRZU compounded at +12.38% per year against +21.18% for SPY; over five years the annualized figures are +5.67% and +12.88% respectively. Across the full 13-year window we track, SPY has the edge at +13.05% annualized vs -29.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BRZU has been the more volatile fund, with annualized monthly volatility of 84.5% compared with 14.4% 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 0.39. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BRZU charges 1.32% per year while SPY charges 0.09%. On a $10,000 position that is $132 vs $9 annually, a gap of $123 per year that compounds over a long holding period. On income, BRZU currently yields 1.87% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 3 holdings in BRZU and 504 in SPY, totalling 99.2% 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 3 positions we hold weights for in BRZU and 504 in SPY, against full books of 8 and 505.
You are not choosing between two funds in isolation.
Whichever of BRZU 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, BRZU or SPY?
BRZU has an expense ratio of 1.32% while SPY charges 0.09%. SPY is the cheaper option, by $123 a year on a $10,000 investment.
Which performed better, BRZU or SPY?
Over the past year BRZU returned +56.77% vs +17.51% for SPY, so BRZU leads on 1-year performance. Over the longest common window we track (13 years), BRZU annualized -29.65% vs +13.05% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BRZU or SPY?
BRZU has been the more volatile fund at 84.5% annualized versus 14.4% for SPY.
Should I hold both BRZU and SPY?
BRZU and SPY have a monthly-return correlation of 0.39, 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, BRZU or SPY?
BRZU yields 1.87% while SPY yields 0.98%, so BRZU currently pays the higher dividend yield.
Is SPY better than BRZU?
SPY has a lower expense ratio. BRZU led over 1Y, SPY over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.