ELIS vs SPY
Direxion Daily LLY Bear 1X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ELIS 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 | ELIS | SPY |
|---|---|---|
| Expense Ratio | 1.01% | 0.09%Best |
| AUM | $2M | $814.4B |
| Dividend Yield | 0.00% | 1.01% |
| Holdings | 5 | 505 |
| YTD Price Return | - | +12.12% |
| 1Y Price Return | - | +18.05% |
| 3Y Price Return (annualized) | - | +19.59% |
| 5Y Price Return (annualized) | - | +11.18% |
| Volatility (annualized) | - | 15.3% |
| Max Drawdown | - | -56.5% |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Mar 26, 2025 | Jan 22, 1993 |
Not shown on this pair: $10,000 over the window, Top 10 Weight.
Returns are price returns and exclude distributions, because our data feed carries no adjusted close for ELIS. We have no price series for ELIS, so there is nothing to compare it against. ELIS yields 0.00% and SPY 1.01% on top.
ELIS vs SPY Performance
Direxion Daily LLY Bear 1X ETF (ELIS) 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.
Fees and Cost Over Time
ELIS 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, ELIS currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 4 holdings in ELIS and 503 in SPY, totalling 100.5% and 100.0% 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 186 days apart, ELIS as of Jan 30, 2026 and SPY as of Aug 4, 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 4 positions we hold weights for in ELIS and 503 in SPY, against full books of 5 and 505.
You are not choosing between two funds in isolation.
Whichever of ELIS 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, ELIS or SPY?
ELIS 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 pays a higher dividend, ELIS or SPY?
ELIS yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than ELIS?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.