ISUL vs SPY
GraniteShares 2x Long ISRG 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 | ISUL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.09% | |
| AUM | $9M | $814.4B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | -63.13% | +12.10% | |
| 1Y Return | -43.33% | +20.30% | |
| 3Y Return (annualized) | - | +20.82% | |
| 5Y Return (annualized) | - | +12.53% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -72.2% | -56.5% | |
| Fund Family | GraniteShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 7, 2025 | Jan 22, 1993 |
ISUL vs SPY Performance
GraniteShares 2x Long ISRG Daily ETF (ISUL) 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 ISUL returned -43.33% while SPY returned +20.30%. Year to date, ISUL is down 63.13% versus a gain of 12.10% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -72.2% for ISUL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
ISUL 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, ISUL currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
ISUL 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, ISUL or SPY?
ISUL 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, ISUL or SPY?
Over the past year ISUL returned -43.33% vs +20.30% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between ISUL and SPY?
ISUL and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, ISUL or SPY?
ISUL yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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