NBIL vs SPY
GraniteShares 2x Long NBIS Daily 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 | NBIL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.09% | |
| AUM | $201M | $814.4B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | +90.55% | +12.10% | |
| 1Y Return | -10.75% | +20.30% | |
| 3Y Return (annualized) | - | +20.82% | |
| 5Y Return (annualized) | - | +12.53% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -78.8% | -56.5% | |
| Fund Family | GraniteShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 7, 2025 | Jan 22, 1993 |
NBIL vs SPY Performance
GraniteShares 2x Long NBIS Daily ETF (NBIL) is a ETF from GraniteShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NBIL returned -10.75% while SPY returned +20.30%. Year to date, NBIL is up 90.55% versus a gain of 12.10% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -78.8% for NBIL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
NBIL charges 1.50% per year while SPY charges 0.09%. On a $10,000 position that is $150 vs $9 annually, a gap of $141 per year that compounds over a long holding period. On income, NBIL currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
NBIL 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, NBIL or SPY?
NBIL has an expense ratio of 1.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $141 per year of difference.
Which performed better, NBIL or SPY?
Over the past year NBIL returned -10.75% vs +20.30% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between NBIL and SPY?
NBIL and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, NBIL or SPY?
NBIL 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.