HOOG vs SPY
Leverage Shares 2X Long HOOD Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HOOG or SPY?
Leverage Strategy against Large Cap Blend.
SPY has a lower expense ratio. HOOG led over the full window, SPY over 1Y.
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 | HOOG | SPY |
|---|---|---|
| Expense Ratio | 0.85% | 0.09%Best |
| AUM | $66M | $804.7B |
| Dividend Yield | 22.66% | 0.98% |
| Holdings | 7 | 505 |
| YTD Return | -31.52% | +12.99%Best |
| 1Y Return | -52.92% | +16.73%Best |
| 3Y Return (annualized) | - | +22.52% |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 143.6% | 12.0%Best |
| Max Drawdown | -86.9% | -13.7%Best |
| $10,000 over 1.5 years | $27,602Best | $13,780 |
| Fund Family | Leverage Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Leverage Strategy | Large Cap Blend |
| Inception | Mar 21, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Mar 21, 2025 to Sep 23, 2026 (1.5 years).
HOOG vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HOOG vs SPY Performance
Leverage Shares 2X Long HOOD Daily ETF (HOOG) is an ETF from Leverage Shares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HOOG returned -52.92% while SPY returned +16.73%. Year to date, HOOG is down 31.52% versus a gain of 12.99% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HOOG has been the more volatile fund, with annualized monthly volatility of 143.6% compared with 12.0% 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 -86.9% for HOOG and -13.7% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HOOG charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, HOOG currently yields 22.66% against 0.98% for SPY.
Holdings Overlap
At least 0.1% of SPY's money is in holdings HOOG also owns.
Stated as a floor: for HOOG, our book for it covers 64.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 2 positions we hold weights for in HOOG and 504 in SPY, against full books of 7 and 505.
Top Shared Holdings
| Stock | Weight in HOOG | Weight in SPY | Difference |
|---|---|---|---|
| HOODRobinhood Markets Inc - A | 61.45% | 0.12% | 61.33% |
You are not choosing between two funds in isolation.
Whichever of HOOG 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, HOOG or SPY?
HOOG has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, HOOG or SPY?
Over the past year HOOG returned -52.92% vs +16.73% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), HOOG annualized +96.77% vs +23.83% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HOOG or SPY?
HOOG has been the more volatile fund at 143.6% annualized versus 12.0% for SPY. Worst drawdown: HOOG -86.9% vs SPY -13.7%.
Should I hold both HOOG and SPY?
HOOG and SPY have a monthly-return correlation of 0.53, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HOOG or SPY?
HOOG yields 22.66% while SPY yields 0.98%, so HOOG currently pays the higher dividend yield.
Is SPY better than HOOG?
SPY has a lower expense ratio. HOOG led over the full window, SPY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.