BULX vs SPY
GraniteShares 2x Long BULL Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BULX 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 | BULX | SPY |
|---|---|---|
| Expense Ratio | 1.50% | 0.09%Best |
| AUM | $858,311.65 | $811.2B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 2 | 1,515 |
| Fund Family | GraniteShares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Sep 3, 2025 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
The two price series end 113 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BULX has data through Jun 18, 2026 and SPY through Oct 9, 2026.
Fees and Cost Over Time
BULX charges 1.50% per year while SPY charges 0.09%. On a $10,000 position that is $150 vs $9 annually, a gap of $141 per year that compounds over a long holding period. On income, BULX currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in BULX and 504 in SPY, totalling 200.4% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 137 days apart, BULX as of Apr 30, 2026 and SPY as of Sep 14, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in BULX and 504 in SPY, against full books of 2 and 1,515.
You are not choosing between two funds in isolation.
Whichever of BULX 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, BULX or SPY?
BULX has an expense ratio of 1.50% while SPY charges 0.09%. SPY is the cheaper option, by $141 a year on a $10,000 investment.
Which pays a higher dividend, BULX or SPY?
BULX yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than BULX?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.