HOOG vs SPY
Leverage Shares 2X Long HOOD 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 | HOOG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.09% | |
| AUM | $57M | $789.1B | |
| Dividend Yield | 22.23% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | -55.56% | +13.39% | |
| 1Y Return | -64.48% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 145.5% | 15.3% | |
| Max Drawdown | -86.9% | -56.5% | |
| Fund Family | Leverage Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Mar 21, 2025 | Jan 22, 1993 |
HOOG vs SPY Performance
Leverage Shares 2X Long HOOD Daily ETF (HOOG) 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 HOOG returned -64.48% while SPY returned +22.52%. Year to date, HOOG is down 55.56% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
HOOG has been the more volatile fund, with annualized monthly volatility of 145.5% 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 -86.9% for HOOG 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
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 22.23% against 1.01% for SPY.
Holdings Overlap
HOOG and SPY share 1 holdings out of 504 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HOOG | Weight in SPY | Difference |
|---|---|---|---|
| HOOD | 59.38% | 0.14% | 59.24% |
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. On a $10,000 investment, that is $76 per year of difference.
Which performed better, HOOG or SPY?
Over the past year HOOG returned -64.48% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), HOOG annualized +52.69% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, HOOG or SPY?
HOOG has been the more volatile fund at 145.5% annualized versus 15.3% for SPY. Worst drawdown: HOOG -86.9% vs SPY -56.5%.
Should I hold both HOOG and SPY?
HOOG and SPY have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HOOG and SPY?
HOOG and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, HOOG or SPY?
HOOG yields 22.23% while SPY yields 1.01%, so HOOG currently pays the higher dividend yield.
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