DRIP vs SPY
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, DRIP or SPY?
Opposite sides of the same exposure.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.50, so holding both offsets the exposure while paying both fees.
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 | DRIP | SPY |
|---|---|---|
| Expense Ratio | 1.01% | 0.09%Best |
| AUM | $105M | $804.7B |
| Dividend Yield | 4.57% | 0.98% |
| Holdings | 8 | 505 |
| YTD Return | -57.76% | +12.99%Best |
| 1Y Return | -56.51% | +16.73%Best |
| 3Y Return (annualized) | -27.34% | +22.52%Best |
| 5Y Return (annualized) | -43.02% | +13.07%Best |
| Volatility (annualized) | 91.2% | 15.2%Best |
| Max Drawdown | - | -34.1% |
| $10,000 over 5 years | $601 | $18,481Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | May 28, 2015 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 29, 2015 to Sep 23, 2026 (11.3 years).
DRIP 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 11.3 years both funds cover.
DRIP vs SPY Performance
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF (DRIP) 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 DRIP returned -56.51% while SPY returned +16.73%. Year to date, DRIP is down 57.76% versus a gain of 12.99% for SPY.
Over three years, DRIP compounded at -27.34% per year against +22.52% for SPY; over five years the annualized figures are -43.02% and +13.07% respectively. Across the full 11-year window we track, SPY has the edge at +12.82% annualized vs -41.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DRIP has been the more volatile fund, with annualized monthly volatility of 91.2% compared with 15.2% 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 -0.50. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
DRIP charges 1.01% per year while SPY charges 0.09%. On a $10,000 position that is $101 vs $9 annually, a gap of $92 per year that compounds over a long holding period. On income, DRIP currently yields 4.57% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 3 holdings in DRIP and 504 in SPY, totalling 116.4% and 99.9% 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 DRIP and 504 in SPY, against full books of 8 and 505.
You are not choosing between two funds in isolation.
Whichever of DRIP 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, DRIP or SPY?
DRIP has an expense ratio of 1.01% while SPY charges 0.09%. SPY is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, DRIP or SPY?
Over the past year DRIP returned -56.51% vs +16.73% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (11 years), DRIP annualized -41.45% vs +12.82% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DRIP or SPY?
DRIP has been the more volatile fund at 91.2% annualized versus 15.2% for SPY.
Should I hold both DRIP and SPY?
DRIP and SPY have a monthly-return correlation of -0.50, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, DRIP or SPY?
DRIP yields 4.57% while SPY yields 0.98%, so DRIP currently pays the higher dividend yield.
Is SPY better than DRIP?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.50, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.