LMBO vs SPY
Direxion Daily Crypto Industry Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. LMBO delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | LMBO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.09% | |
| AUM | $6M | $821.1B | |
| Dividend Yield | 6.09% | 1.01% | |
| Holdings | 31 | 505 | |
| YTD Return | -22.19% | +14.24% | |
| 1Y Return | +50.42% | +21.71% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 73.3% | 15.3% | |
| Max Drawdown | -67.6% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 17, 2024 | Jan 22, 1993 |
LMBO vs SPY Performance
Direxion Daily Crypto Industry Bull 2X ETF (LMBO) is a ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LMBO returned +50.42% while SPY returned +21.71%. Year to date, LMBO is down 22.19% versus a gain of 14.24% for SPY.
Risk: Volatility and Drawdowns
LMBO has been the more volatile fund, with annualized monthly volatility of 73.3% 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 -67.6% for LMBO 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LMBO charges 0.98% per year while SPY charges 0.09%. On a $10,000 position that is $98 vs $9 annually, a gap of $89 per year that compounds over a long holding period. On income, LMBO currently yields 6.09% against 1.01% for SPY.
Holdings Overlap
LMBO and SPY share 7 holdings out of 526 unique holdings combined, representing a 7.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LMBO or SPY?
LMBO has an expense ratio of 0.98% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, LMBO or SPY?
Over the past year LMBO returned +50.42% vs +21.71% for SPY, so LMBO leads on 1-year performance. Over the longest common window we track (2 years), LMBO annualized -11.97% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, LMBO or SPY?
LMBO has been the more volatile fund at 73.3% annualized versus 15.3% for SPY. Worst drawdown: LMBO -67.6% vs SPY -56.5%.
Should I hold both LMBO and SPY?
LMBO and SPY have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LMBO and SPY?
LMBO and SPY share 7 common holdings with a 7.8% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, LMBO or SPY?
LMBO yields 6.09% while SPY yields 1.01%, so LMBO currently pays the higher dividend yield.
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