EET vs SPY
ProShares Ultra MSCI Emerging Markets vs State Street SPDR S&P 500 ETF Trust
Which is better, EET or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. EET led over 1Y and 3Y, SPY over 5Y 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 | EET | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $38M | $804.7B |
| Dividend Yield | 1.45% | 0.98% |
| Holdings | 7 | 505 |
| YTD Return | +25.30%Best | +10.96% |
| 1Y Return | +41.12%Best | +15.52% |
| 3Y Return (annualized) | +32.71%Best | +20.73% |
| 5Y Return (annualized) | +4.02% | +12.53%Best |
| Volatility (annualized) | 37.2% | 14.4%Best |
| Max Drawdown | -71.7% | -34.1%Best |
| $10,000 over 5 years | $12,178 | $18,044Best |
| Fund Family | ProShares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Jun 2, 2009 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 4, 2009 to Sep 16, 2026 (17.3 years).
EET 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 17.3 years both funds cover.
EET vs SPY Performance
ProShares Ultra MSCI Emerging Markets (EET) is an ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EET returned +41.12% while SPY returned +15.52%. Year to date, EET is up 25.30% versus a gain of 10.96% for SPY.
Over three years, EET compounded at +32.71% per year against +20.73% for SPY; over five years the annualized figures are +4.02% and +12.53% respectively. Across the full 17-year window we track, SPY has the edge at +13.25% annualized vs +3.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EET has been the more volatile fund, with annualized monthly volatility of 37.2% compared with 14.4% 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 -71.7% for EET and -34.1% 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EET charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, EET currently yields 1.45% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in EET and 504 in SPY, totalling 50.6% 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 1 positions we hold weights for in EET and 504 in SPY, against full books of 7 and 505.
You are not choosing between two funds in isolation.
Whichever of EET 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, EET or SPY?
EET has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, EET or SPY?
Over the past year EET returned +41.12% vs +15.52% for SPY, so EET leads on 1-year performance. Over the longest common window we track (17 years), EET annualized +3.96% vs +13.25% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EET or SPY?
EET has been the more volatile fund at 37.2% annualized versus 14.4% for SPY. Worst drawdown: EET -71.7% vs SPY -34.1%.
Should I hold both EET and SPY?
EET and SPY have a monthly-return correlation of 0.72, 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, EET or SPY?
EET yields 1.45% while SPY yields 0.98%, so EET currently pays the higher dividend yield.
Is SPY better than EET?
SPY has a lower expense ratio. EET led over 1Y and 3Y, SPY over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.