LMTL vs SPY
Direxion Daily LMT Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LMTL or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | LMTL | SPY |
|---|---|---|
| Expense Ratio | 1.07% | 0.09%Best |
| AUM | $6M | $811.2B |
| Dividend Yield | 3.79% | 0.98% |
| Holdings | 15 | 1,515 |
| YTD Return | -6.63% | +12.70%Best |
| 1Y Return | -9.74% | +15.53%Best |
| 3Y Return (annualized) | - | +22.86% |
| 5Y Return (annualized) | - | +13.47% |
| Volatility (annualized) | 84.0% | 12.4%Best |
| Max Drawdown | -49.3% | -8.9%Best |
| $10,000 over 1.2 years | $11,909 | $12,340Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Aug 6, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Aug 6, 2025 to Oct 1, 2026 (1.2 years).
LMTL 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 covers the 1.2 years both funds cover.
LMTL vs SPY Performance
Direxion Daily LMT Bull 2X ETF (LMTL) is an ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LMTL returned -9.74% while SPY returned +15.53%. Year to date, LMTL is down 6.63% versus a gain of 12.70% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LMTL has been the more volatile fund, with annualized monthly volatility of 84.0% compared with 12.4% 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 -49.3% for LMTL and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.09. They move largely independently of each other.
Fees and Cost Over Time
LMTL charges 1.07% per year while SPY charges 0.09%. On a $10,000 position that is $107 vs $9 annually, a gap of $98 per year that compounds over a long holding period. On income, LMTL currently yields 3.79% against 0.98% for SPY.
Holdings Overlap
At least 0.2% of SPY's money is in holdings LMTL also owns.
Stated as a floor: for LMTL, our book for it covers 102.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 4 positions we hold weights for in LMTL and 504 in SPY, against full books of 15 and 1,515.
Top Shared Holdings
| Stock | Weight in LMTL | Weight in SPY | Difference |
|---|---|---|---|
| LMTLockheed Martin Corp | 17.74% | 0.16% | 17.58% |
You are not choosing between two funds in isolation.
Whichever of LMTL 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, LMTL or SPY?
LMTL has an expense ratio of 1.07% while SPY charges 0.09%. SPY is the cheaper option, by $98 a year on a $10,000 investment.
Which performed better, LMTL or SPY?
Over the past year LMTL returned -9.74% vs +15.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), LMTL annualized +15.67% vs +19.15% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LMTL or SPY?
LMTL has been the more volatile fund at 84.0% annualized versus 12.4% for SPY. Worst drawdown: LMTL -49.3% vs SPY -8.9%.
Should I hold both LMTL and SPY?
LMTL and SPY have a monthly-return correlation of -0.09, 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, LMTL or SPY?
LMTL yields 3.79% while SPY yields 0.98%, so LMTL currently pays the higher dividend yield.
Is SPY better than LMTL?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.