CWVX vs SPY
Tradr 2X Long CRWV Daily ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CWVX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.30% | 0.09% | |
| AUM | $64M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 8 | 505 | |
| YTD Return | -31.77% | +13.39% | |
| 1Y Return | -85.88% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 175.0% | 15.3% | |
| Max Drawdown | -94.0% | -56.5% | |
| Fund Family | Tradr ETFs | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 10, 2025 | Jan 22, 1993 |
CWVX vs SPY Performance
Tradr 2X Long CRWV Daily ETF (CWVX) is a ETF from Tradr ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CWVX returned -85.88% while SPY returned +22.52%. Year to date, CWVX is down 31.77% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
CWVX has been the more volatile fund, with annualized monthly volatility of 175.0% compared with 15.3% 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 -94.0% for CWVX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CWVX charges 1.30% per year while SPY charges 0.09%. On a $10,000 position that is $130 vs $9 annually, a gap of $121 per year that compounds over a long holding period. On income, CWVX currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
CWVX and SPY share 0 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CWVX or SPY?
CWVX has an expense ratio of 1.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $121 per year of difference.
Which performed better, CWVX or SPY?
Over the past year CWVX returned -85.88% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), CWVX annualized -79.80% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, CWVX or SPY?
CWVX has been the more volatile fund at 175.0% annualized versus 15.3% for SPY. Worst drawdown: CWVX -94.0% vs SPY -56.5%.
Should I hold both CWVX and SPY?
CWVX and SPY have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CWVX and SPY?
CWVX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, CWVX or SPY?
CWVX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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