GLGG vs SPY
Leverage Shares 2X Long GLXY 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 505 holdings.
Side-by-Side Comparison
| Metric | GLGG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.76% | 0.09% | |
| AUM | $2M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | -56.53% | +12.22% | |
| 1Y Return | -66.65% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 188.7% | 15.3% | |
| Max Drawdown | -92.2% | -56.5% | |
| Fund Family | Leverage Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 21, 2025 | Jan 22, 1993 |
GLGG vs SPY Performance
Leverage Shares 2X Long GLXY Daily ETF (GLGG) is a ETF from Leverage Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GLGG returned -66.65% while SPY returned +20.83%. Year to date, GLGG is down 56.53% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
GLGG has been the more volatile fund, with annualized monthly volatility of 188.7% 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 -92.2% for GLGG 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GLGG charges 0.76% per year while SPY charges 0.09%. On a $10,000 position that is $76 vs $9 annually, a gap of $67 per year that compounds over a long holding period. On income, GLGG currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
GLGG and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GLGG or SPY?
GLGG has an expense ratio of 0.76% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, GLGG or SPY?
Over the past year GLGG returned -66.65% vs +20.83% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, GLGG or SPY?
GLGG has been the more volatile fund at 188.7% annualized versus 15.3% for SPY. Worst drawdown: GLGG -92.2% vs SPY -56.5%.
Should I hold both GLGG and SPY?
GLGG and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GLGG and SPY?
GLGG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, GLGG or SPY?
GLGG yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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