EURL vs SPY
Direxion Daily FTSE Europe Bull 3X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, EURL or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. EURL 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 | EURL | SPY |
|---|---|---|
| Expense Ratio | 1.04% | 0.09%Best |
| AUM | $48M | $804.7B |
| Dividend Yield | 1.50% | 0.98% |
| Holdings | 9 | 505 |
| YTD Return | +4.61% | +12.89%Best |
| 1Y Return | +28.32%Best | +17.01% |
| 3Y Return (annualized) | +37.16%Best | +22.46% |
| 5Y Return (annualized) | +5.86% | +13.01%Best |
| Volatility (annualized) | 49.5% | 14.6%Best |
| Max Drawdown | -85.2% | -34.1%Best |
| $10,000 over 5 years | $13,294 | $18,433Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jan 22, 2014 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 22, 2014 to Sep 24, 2026 (12.7 years).
EURL 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 12.7 years both funds cover.
EURL vs SPY Performance
Direxion Daily FTSE Europe Bull 3X ETF (EURL) 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 EURL returned +28.32% while SPY returned +17.01%. Year to date, EURL is up 4.61% versus a gain of 12.89% for SPY.
Over three years, EURL compounded at +37.16% per year against +22.46% for SPY; over five years the annualized figures are +5.86% and +13.01% respectively. Across the full 13-year window we track, SPY has the edge at +12.57% annualized vs +1.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EURL has been the more volatile fund, with annualized monthly volatility of 49.5% compared with 14.6% 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 -85.2% for EURL 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EURL charges 1.04% per year while SPY charges 0.09%. On a $10,000 position that is $104 vs $9 annually, a gap of $95 per year that compounds over a long holding period. On income, EURL currently yields 1.50% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 4 holdings in EURL and 504 in SPY, totalling 100.6% 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 4 positions we hold weights for in EURL and 504 in SPY, against full books of 9 and 505.
You are not choosing between two funds in isolation.
Whichever of EURL 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, EURL or SPY?
EURL has an expense ratio of 1.04% while SPY charges 0.09%. SPY is the cheaper option, by $95 a year on a $10,000 investment.
Which performed better, EURL or SPY?
Over the past year EURL returned +28.32% vs +17.01% for SPY, so EURL leads on 1-year performance. Over the longest common window we track (13 years), EURL annualized +1.59% vs +12.57% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EURL or SPY?
EURL has been the more volatile fund at 49.5% annualized versus 14.6% for SPY. Worst drawdown: EURL -85.2% vs SPY -34.1%.
Should I hold both EURL and SPY?
EURL and SPY have a monthly-return correlation of 0.80, 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, EURL or SPY?
EURL yields 1.50% while SPY yields 0.98%, so EURL currently pays the higher dividend yield.
Is SPY better than EURL?
SPY has a lower expense ratio. EURL 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.