GEVX vs SPY
Tradr 2X Long GEV Daily 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 503 holdings.
Side-by-Side Comparison
| Metric | GEVX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.30% | 0.09% | |
| AUM | $31M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | -41.72% | +13.75% | |
| 1Y Return | -44.70% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 97.8% | 15.3% | |
| Max Drawdown | -81.7% | -56.5% | |
| Fund Family | Tradr ETFs | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 10, 2025 | Jan 22, 1993 |
GEVX vs SPY Performance
Tradr 2X Long GEV Daily ETF (GEVX) is a ETF from Tradr ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GEVX returned -44.70% while SPY returned +22.91%. Year to date, GEVX is down 41.72% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
GEVX has been the more volatile fund, with annualized monthly volatility of 97.8% 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 -81.7% for GEVX 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GEVX charges 1.30% per year while SPY charges 0.09%. On a $10,000 position that is $130 vs $9 annually, a gap of $121 per year that compounds over a long holding period. On income, GEVX currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
GEVX and SPY share 1 holdings out of 503 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GEVX | Weight in SPY | Difference |
|---|---|---|---|
| GEV | 200.00% | 0.48% | 199.52% |
Frequently Asked Questions
Which is cheaper, GEVX or SPY?
GEVX has an expense ratio of 1.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $121 per year of difference.
Which performed better, GEVX or SPY?
Over the past year GEVX returned -44.70% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), GEVX annualized -20.66% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, GEVX or SPY?
GEVX has been the more volatile fund at 97.8% annualized versus 15.3% for SPY. Worst drawdown: GEVX -81.7% vs SPY -56.5%.
Should I hold both GEVX and SPY?
GEVX and SPY have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GEVX and SPY?
GEVX and SPY share 1 common holdings with a 0.5% weight overlap. Combined, they hold 503 unique securities.
Which pays a higher dividend, GEVX or SPY?
GEVX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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