CONX vs SPY
Direxion Daily COIN Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CONX or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y.
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 | CONX | SPY |
|---|---|---|
| Expense Ratio | 0.97% | 0.09%Best |
| AUM | $6M | $811.2B |
| Dividend Yield | 2.29% | 0.98% |
| Holdings | 16 | 1,515 |
| YTD Return | -66.43% | +14.85%Best |
| 1Y Return | -73.03% | +17.26%Best |
| 3Y Return (annualized) | - | +22.95% |
| 5Y Return (annualized) | - | +13.89% |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Nov 19, 2025 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
CONX 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
CONX vs SPY Performance
Direxion Daily COIN Bull 2X ETF (CONX) 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 CONX returned -73.03% while SPY returned +17.26%. Year to date, CONX is down 66.43% versus a gain of 14.85% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
CONX charges 0.97% per year while SPY charges 0.09%. On a $10,000 position that is $97 vs $9 annually, a gap of $88 per year that compounds over a long holding period. On income, CONX currently yields 2.29% against 0.98% for SPY.
Holdings Overlap
At least 0.1% of SPY's money is in holdings CONX also owns.
Stated as a floor: for CONX, our book for it covers 69.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 3 positions we hold weights for in CONX and 504 in SPY, against full books of 16 and 1,515.
Top Shared Holdings
| Stock | Weight in CONX | Weight in SPY | Difference |
|---|---|---|---|
| COINCoinbase Globa-A | 16.29% | 0.06% | 16.23% |
You are not choosing between two funds in isolation.
Whichever of CONX 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, CONX or SPY?
CONX has an expense ratio of 0.97% while SPY charges 0.09%. SPY is the cheaper option, by $88 a year on a $10,000 investment.
Which performed better, CONX or SPY?
Over the past year CONX returned -73.03% vs +17.26% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which pays a higher dividend, CONX or SPY?
CONX yields 2.29% while SPY yields 0.98%, so CONX currently pays the higher dividend yield.
Is SPY better than CONX?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.