MSTU vs SPY
T-Rex 2X Long MSTR Daily Target ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MSTU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.09% | |
| AUM | $331M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 24 | 505 | |
| YTD Return | -72.60% | +12.22% | |
| 1Y Return | -95.73% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 162.0% | 15.3% | |
| Max Drawdown | -99.4% | -56.5% | |
| Fund Family | REX Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Sep 18, 2024 | Jan 22, 1993 |
MSTU vs SPY Performance
T-Rex 2X Long MSTR Daily Target ETF (MSTU) is a ETF from REX Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year MSTU returned -95.73% while SPY returned +20.83%. Year to date, MSTU is down 72.60% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
MSTU has been the more volatile fund, with annualized monthly volatility of 162.0% 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 -99.4% for MSTU 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MSTU charges 1.05% per year while SPY charges 0.09%. On a $10,000 position that is $105 vs $9 annually, a gap of $96 per year that compounds over a long holding period. On income, MSTU currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
MSTU 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, MSTU or SPY?
MSTU has an expense ratio of 1.05% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, MSTU or SPY?
Over the past year MSTU returned -95.73% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), MSTU annualized -70.63% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, MSTU or SPY?
MSTU has been the more volatile fund at 162.0% annualized versus 15.3% for SPY. Worst drawdown: MSTU -99.4% vs SPY -56.5%.
Should I hold both MSTU and SPY?
MSTU and SPY have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MSTU and SPY?
MSTU and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, MSTU or SPY?
MSTU yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.