ETQ vs SPY
T-REX 2X INVERSE ETHER DAILY TARGET 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 505 holdings.
Side-by-Side Comparison
| Metric | ETQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.09% | |
| AUM | $2M | $821.1B | |
| Dividend Yield | 0.20% | 1.01% | |
| Holdings | 3 | 505 | |
| YTD Return | +17.45% | +12.22% | |
| 1Y Return | -88.81% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 143.8% | 15.3% | |
| Max Drawdown | -95.9% | -56.5% | |
| Fund Family | REX Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 22, 2024 | Jan 22, 1993 |
ETQ vs SPY Performance
T-REX 2X INVERSE ETHER DAILY TARGET ETF (ETQ) is a ETF from REX Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ETQ returned -88.81% while SPY returned +20.83%. Year to date, ETQ is up 17.45% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
ETQ has been the more volatile fund, with annualized monthly volatility of 143.8% 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 -95.9% for ETQ 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 -0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ETQ 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, ETQ currently yields 0.20% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, ETQ or SPY?
ETQ has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, ETQ or SPY?
Over the past year ETQ returned -88.81% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), ETQ annualized -81.77% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, ETQ or SPY?
ETQ has been the more volatile fund at 143.8% annualized versus 15.3% for SPY. Worst drawdown: ETQ -95.9% vs SPY -56.5%.
Should I hold both ETQ and SPY?
ETQ and SPY have a monthly-return correlation of -0.46, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ETQ or SPY?
ETQ yields 0.20% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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