KTUP vs SPY
T-REX 2X Long KTOS Daily Target ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, KTUP or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. SPY led 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 | KTUP | SPY |
|---|---|---|
| Expense Ratio | 1.50% | 0.09%Best |
| AUM | $9M | $804.7B |
| Dividend Yield | 8.16% | 0.98% |
| Holdings | 4 | 505 |
| YTD Return | -79.27% | +10.96%Best |
| 1Y Return | -82.13% | +15.52%Best |
| 3Y Return (annualized) | - | +20.73% |
| 5Y Return (annualized) | - | +12.53% |
| Volatility (annualized) | 107.2% | 13.4%Best |
| Fund Family | REX Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Sep 16, 2025 | Jan 22, 1993 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
KTUP 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.
KTUP vs SPY Performance
T-REX 2X Long KTOS Daily Target ETF (KTUP) is an ETF from REX Shares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year KTUP returned -82.13% while SPY returned +15.52%. Year to date, KTUP is down 79.27% versus a gain of 10.96% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KTUP has been the more volatile fund, with annualized monthly volatility of 107.2% compared with 13.4% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.23. They move largely independently of each other.
Fees and Cost Over Time
KTUP 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, KTUP currently yields 8.16% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in KTUP and 504 in SPY, totalling 10.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in KTUP and 504 in SPY, against full books of 4 and 505.
You are not choosing between two funds in isolation.
Whichever of KTUP 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, KTUP or SPY?
KTUP has an expense ratio of 1.50% while SPY charges 0.09%. SPY is the cheaper option, by $141 a year on a $10,000 investment.
Which performed better, KTUP or SPY?
Over the past year KTUP returned -82.13% vs +15.52% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KTUP or SPY?
KTUP has been the more volatile fund at 107.2% annualized versus 13.4% for SPY.
Should I hold both KTUP and SPY?
KTUP and SPY have a monthly-return correlation of 0.23, 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, KTUP or SPY?
KTUP yields 8.16% while SPY yields 0.98%, so KTUP currently pays the higher dividend yield.
Is SPY better than KTUP?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.