FRDU vs SPY
Direxion Daily F Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FRDU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.09% | |
| AUM | $2M | $789.1B | |
| Dividend Yield | 2.45% | 1.01% | |
| Holdings | 9 | 505 | |
| YTD Return | -20.85% | +14.47% | |
| 1Y Return | - | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -41.5% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 23, 2025 | Jan 22, 1993 |
FRDU vs SPY Performance
Direxion Daily F Bull 2X ETF (FRDU) is a ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, FRDU is down 20.85% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -41.5% for FRDU and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
FRDU charges 1.06% per year while SPY charges 0.09%. On a $10,000 position that is $106 vs $9 annually, a gap of $97 per year that compounds over a long holding period. On income, FRDU currently yields 2.45% against 1.01% for SPY.
Holdings Overlap
FRDU and SPY share 1 holdings out of 507 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FRDU | Weight in SPY | Difference |
|---|---|---|---|
| F | 13.09% | 0.08% | 13.01% |
Frequently Asked Questions
Which is cheaper, FRDU or SPY?
FRDU has an expense ratio of 1.06% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
What is the holdings overlap between FRDU and SPY?
FRDU and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, FRDU or SPY?
FRDU yields 2.45% while SPY yields 1.01%, so FRDU currently pays the higher dividend yield.
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