LLYX vs SPY
Defiance Daily Target 2X Long LLY ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. LLYX delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | LLYX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.32% | 0.09% | |
| AUM | $46M | $821.1B | |
| Dividend Yield | 2.82% | 1.01% | |
| Holdings | 10 | 505 | |
| YTD Return | +12.70% | +12.22% | |
| 1Y Return | +143.83% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 71.5% | 15.3% | |
| Max Drawdown | -68.0% | -56.5% | |
| Fund Family | Defiance ETFs, LLC | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 7, 2024 | Jan 22, 1993 |
LLYX vs SPY Performance
Defiance Daily Target 2X Long LLY ETF (LLYX) is a ETF from Defiance ETFs, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LLYX returned +143.83% while SPY returned +20.83%. Year to date, LLYX is up 12.70% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
LLYX has been the more volatile fund, with annualized monthly volatility of 71.5% 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 -68.0% for LLYX 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LLYX charges 1.32% per year while SPY charges 0.09%. On a $10,000 position that is $132 vs $9 annually, a gap of $123 per year that compounds over a long holding period. On income, LLYX currently yields 2.82% against 1.01% for SPY.
Holdings Overlap
LLYX 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, LLYX or SPY?
LLYX has an expense ratio of 1.32% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $123 per year of difference.
Which performed better, LLYX or SPY?
Over the past year LLYX returned +143.83% vs +20.83% for SPY, so LLYX leads on 1-year performance. Over the longest common window we track (2 years), LLYX annualized +11.80% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, LLYX or SPY?
LLYX has been the more volatile fund at 71.5% annualized versus 15.3% for SPY. Worst drawdown: LLYX -68.0% vs SPY -56.5%.
Should I hold both LLYX and SPY?
LLYX and SPY have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LLYX and SPY?
LLYX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, LLYX or SPY?
LLYX yields 2.82% while SPY yields 1.01%, so LLYX currently pays the higher dividend yield.
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