GMEU vs SPY
T-REX 2X Long GME Daily Target 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 | GMEU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.09% | |
| AUM | $14M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 4 | 505 | |
| YTD Return | -42.42% | +12.68% | |
| 1Y Return | -59.51% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 83.2% | 15.3% | |
| Max Drawdown | -87.0% | -56.5% | |
| Fund Family | REX Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Apr 24, 2025 | Jan 22, 1993 |
GMEU vs SPY Performance
T-REX 2X Long GME Daily Target ETF (GMEU) is a ETF from REX Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GMEU returned -59.51% while SPY returned +21.82%. Year to date, GMEU is down 42.42% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
GMEU has been the more volatile fund, with annualized monthly volatility of 83.2% 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 -87.0% for GMEU 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 0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GMEU charges 1.50% per year while SPY charges 0.09%. On a $10,000 position that is $150 vs $9 annually, a gap of $141 per year that compounds over a long holding period. On income, GMEU currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
GMEU 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, GMEU or SPY?
GMEU has an expense ratio of 1.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $141 per year of difference.
Which performed better, GMEU or SPY?
Over the past year GMEU returned -59.51% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), GMEU annualized -69.31% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, GMEU or SPY?
GMEU has been the more volatile fund at 83.2% annualized versus 15.3% for SPY. Worst drawdown: GMEU -87.0% vs SPY -56.5%.
Should I hold both GMEU and SPY?
GMEU and SPY have a monthly-return correlation of 0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GMEU and SPY?
GMEU and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, GMEU or SPY?
GMEU yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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