FRDU vs SPY
Direxion Daily F Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FRDU 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 | FRDU | SPY |
|---|---|---|
| Expense Ratio | 1.06% | 0.09%Best |
| AUM | $2M | $804.7B |
| Dividend Yield | 2.45% | 0.98% |
| Holdings | 9 | 505 |
| Top 10 Weight | - | 38.0% |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Jul 23, 2025 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window.
The two price series end 153 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FRDU has data through Apr 10, 2026 and SPY through Sep 10, 2026.
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 0.98% for SPY.
Holdings Overlap
13.1% of FRDU's money is in holdings SPY also owns. 0.1% of SPY's money is in holdings FRDU also owns.
FRDU and SPY share little of their money.
The two holdings books were reported 186 days apart, FRDU 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.
1 positions in common, counted across the 5 positions we hold weights for in FRDU and 504 in SPY, against full books of 9 and 505.
What only one of them owns
Our book lists 493 positions for SPY that do not appear in our book for FRDU (99.4% of the fund), and 4 for FRDU that do not appear in SPY (86.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FRDU | Weight in SPY | Difference |
|---|---|---|---|
| FFord Motor Co. | 13.09% | 0.08% | 13.01% |
You are not choosing between two funds in isolation.
Whichever of FRDU 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, FRDU or SPY?
FRDU has an expense ratio of 1.06% while SPY charges 0.09%. SPY is the cheaper option, by $97 a year on a $10,000 investment.
What is the holdings overlap between FRDU and SPY?
13.1% of FRDU's money is in holdings SPY also owns. 0.1% of SPY's is in holdings FRDU also owns. They hold 1 positions in common, counted across the 5 positions we hold weights for in FRDU and 504 in SPY.
Which pays a higher dividend, FRDU or SPY?
FRDU yields 2.45% while SPY yields 0.98%, so FRDU currently pays the higher dividend yield.
Is SPY better than FRDU?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.