BULG vs SPY
Leverage Shares 2X Long BULL Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BULG 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 | BULG | SPY |
|---|---|---|
| Expense Ratio | 0.87% | 0.09%Best |
| AUM | $9M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 6 | 505 |
| YTD Return | -17.88% | +11.52%Best |
| 1Y Return | -72.61% | +17.48%Best |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 145.6% | 13.0%Best |
| Max Drawdown | -94.2% | -8.9%Best |
| $10,000 over 1.1 years | $1,930 | $12,088Best |
| Fund Family | Leverage Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Aug 11, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 11, 2025 to Sep 10, 2026 (1.1 years).
BULG 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 1.1 years both funds cover.
BULG vs SPY Performance
Leverage Shares 2X Long BULL Daily ETF (BULG) 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 BULG returned -72.61% while SPY returned +17.48%. Year to date, BULG is down 17.88% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BULG has been the more volatile fund, with annualized monthly volatility of 145.6% compared with 13.0% 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 -94.2% for BULG 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 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BULG charges 0.87% per year while SPY charges 0.09%. On a $10,000 position that is $87 vs $9 annually, a gap of $78 per year that compounds over a long holding period. On income, BULG currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in BULG and 504 in SPY, totalling 9.9% 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 1 positions we hold weights for in BULG and 504 in SPY, against full books of 6 and 505.
You are not choosing between two funds in isolation.
Whichever of BULG 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, BULG or SPY?
BULG has an expense ratio of 0.87% while SPY charges 0.09%. SPY is the cheaper option, by $78 a year on a $10,000 investment.
Which performed better, BULG or SPY?
Over the past year BULG returned -72.61% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), BULG annualized -77.59% vs +18.81% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BULG or SPY?
BULG has been the more volatile fund at 145.6% annualized versus 13.0% for SPY. Worst drawdown: BULG -94.2% vs SPY -8.9%.
Should I hold both BULG and SPY?
BULG and SPY have a monthly-return correlation of 0.65, 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, BULG or SPY?
BULG yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than BULG?
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.