INTW vs SPY
GraniteShares 2x Long INTC Daily ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. INTW delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | INTW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.09% | |
| AUM | $301M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | +317.91% | +14.47% | |
| 1Y Return | +997.61% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 278.9% | 15.3% | |
| Max Drawdown | -69.2% | -56.5% | |
| Fund Family | GraniteShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Feb 13, 2025 | Jan 22, 1993 |
INTW vs SPY Performance
GraniteShares 2x Long INTC Daily ETF (INTW) is a ETF from GraniteShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year INTW returned +997.61% while SPY returned +21.96%. Year to date, INTW is up 317.91% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
INTW has been the more volatile fund, with annualized monthly volatility of 278.9% 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 -69.2% for INTW 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INTW 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, INTW currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
INTW and SPY share 1 holdings out of 503 unique holdings combined, representing a 0.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in INTW | Weight in SPY | Difference |
|---|---|---|---|
| INTC | 66.67% | 0.89% | 65.78% |
Frequently Asked Questions
Which is cheaper, INTW or SPY?
INTW 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, INTW or SPY?
Over the past year INTW returned +997.61% vs +21.96% for SPY, so INTW leads on 1-year performance. Over the longest common window we track (2 years), INTW annualized +272.03% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, INTW or SPY?
INTW has been the more volatile fund at 278.9% annualized versus 15.3% for SPY. Worst drawdown: INTW -69.2% vs SPY -56.5%.
Should I hold both INTW and SPY?
INTW and SPY have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INTW and SPY?
INTW and SPY share 1 common holdings with a 0.9% weight overlap. Combined, they hold 503 unique securities.
Which pays a higher dividend, INTW or SPY?
INTW yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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