LUNL vs SPY
Defiance Daily Target 2X Long LUNR ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LUNL or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. LUNL led over the full window, SPY 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 | LUNL | SPY |
|---|---|---|
| Expense Ratio | 1.34% | 0.09%Best |
| AUM | $7M | $777.9B |
| Dividend Yield | 0.00% | 1.00% |
| Holdings | 20 | 1,011 |
| YTD Return | -87.92% | +12.09%Best |
| 1Y Return | -87.92% | +12.45%Best |
| 3Y Return (annualized) | - | +21.45% |
| 5Y Return (annualized) | - | +11.87% |
| Volatility (annualized) | 1225546.1% | 14.1%Best |
| Max Drawdown | -98.1% | -34.1%Best |
| $10,000 over 16.2 years | $13,156,524Best | $75,709 |
| Fund Family | Defiance ETFs, LLC | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Jan 12, 2026 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 16.2 years row, are measured over the window both funds cover: Aug 19, 2010 to Nov 11, 2026 (16.2 years).
LUNL 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.
LUNL vs SPY Performance
Defiance Daily Target 2X Long LUNR ETF (LUNL) is an ETF from Defiance ETFs, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LUNL returned -87.92% while SPY returned +12.45%. Year to date, LUNL is down 87.92% versus a gain of 12.09% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LUNL has been the more volatile fund, with annualized monthly volatility of 1225546.1% compared with 14.1% 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 -98.1% for LUNL and -34.1% 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 0.00. They move largely independently of each other.
Fees and Cost Over Time
LUNL charges 1.34% per year while SPY charges 0.09%. On a $10,000 position that is $134 vs $9 annually, a gap of $125 per year that compounds over a long holding period. On income, LUNL currently yields 0.00% against 1.00% for SPY.
Holdings Overlap
We hold position weights for 1 holding in LUNL and 504 in SPY, totalling 2.9% and 100.1% 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 LUNL and 504 in SPY, against full books of 20 and 1,011.
You are not choosing between two funds in isolation.
Whichever of LUNL 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, LUNL or SPY?
LUNL has an expense ratio of 1.34% while SPY charges 0.09%. SPY is the cheaper option, by $125 a year on a $10,000 investment.
Which performed better, LUNL or SPY?
Over the past year LUNL returned -87.92% vs +12.45% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (16 years), LUNL annualized +55.79% vs +13.31% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LUNL or SPY?
LUNL has been the more volatile fund at 1225546.1% annualized versus 14.1% for SPY. Worst drawdown: LUNL -98.1% vs SPY -34.1%.
Should I hold both LUNL and SPY?
LUNL and SPY have a monthly-return correlation of 0.00, 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, LUNL or SPY?
LUNL yields 0.00% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than LUNL?
SPY has a lower expense ratio. LUNL led over the full window, SPY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.