NTAL vs SPY
GraniteShares 2x Long NTAP Daily ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NTAL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.09% | |
| AUM | $936,514.31 | $814.4B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | +9.21% | +12.87% | |
| 1Y Return | - | +21.13% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +12.69% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -20.4% | -56.5% | |
| Fund Family | GraniteShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 14, 2026 | Jan 22, 1993 |
NTAL vs SPY Performance
GraniteShares 2x Long NTAP Daily ETF (NTAL) is a ETF from GraniteShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, NTAL is up 9.21% versus a gain of 12.87% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -20.4% for NTAL 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
NTAL 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, NTAL currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
NTAL and SPY share 1 holdings out of 504 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NTAL | Weight in SPY | Difference |
|---|---|---|---|
| NTAP | 66.75% | 0.06% | 66.69% |
Frequently Asked Questions
Which is cheaper, NTAL or SPY?
NTAL 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.
What is the holdings overlap between NTAL and SPY?
NTAL and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, NTAL or SPY?
NTAL 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.