NUG vs SPY
Leverage Shares 2X Long NU Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NUG or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio.
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 | NUG | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $2M | $823.2B |
| Dividend Yield | 0.00% | 0.99% |
| Holdings | 10 | 1,515 |
| Fund Family | Leverage Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Nov 17, 2025 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
The two price series end 9 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. NUG has data through Oct 19, 2026 and SPY through Oct 28, 2026.
Fees and Cost Over Time
NUG charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, NUG currently yields 0.00% against 0.99% for SPY.
You are not choosing between two funds in isolation.
Whichever of NUG 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, NUG or SPY?
NUG has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which pays a higher dividend, NUG or SPY?
NUG yields 0.00% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than NUG?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.