OOTO vs SPY
Direxion Daily Travel & Vacation Bull 2X vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. OOTO delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | OOTO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.09% | |
| AUM | $6M | $789.1B | |
| Dividend Yield | 1.27% | 1.01% | |
| Holdings | 54 | 505 | |
| YTD Return | +1.71% | +13.68% | |
| 1Y Return | +42.54% | +21.53% | |
| 3Y Return (annualized) | +22.56% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 51.9% | 15.3% | |
| Max Drawdown | -66.9% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 10, 2021 | Jan 22, 1993 |
OOTO vs SPY Performance
Direxion Daily Travel & Vacation Bull 2X (OOTO) is a ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OOTO returned +42.54% while SPY returned +21.53%. Year to date, OOTO is up 1.71% versus a gain of 13.68% for SPY.
Over three years, OOTO compounded at +22.56% per year against +21.44% for SPY. Across the full 4-year window we track, SPY has the edge at +8.85% annualized vs -6.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OOTO has been the more volatile fund, with annualized monthly volatility of 51.9% 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 -66.9% for OOTO 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OOTO charges 1.07% per year while SPY charges 0.09%. On a $10,000 position that is $107 vs $9 annually, a gap of $98 per year that compounds over a long holding period. On income, OOTO currently yields 1.27% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, OOTO or SPY?
OOTO has an expense ratio of 1.07% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $98 per year of difference.
Which performed better, OOTO or SPY?
Over the past year OOTO returned +42.54% vs +21.53% for SPY, so OOTO leads on 1-year performance. Over the longest common window we track (4 years), OOTO annualized -6.08% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, OOTO or SPY?
OOTO has been the more volatile fund at 51.9% annualized versus 15.3% for SPY. Worst drawdown: OOTO -66.9% vs SPY -56.5%.
Should I hold both OOTO and SPY?
OOTO and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, OOTO or SPY?
OOTO yields 1.27% while SPY yields 1.01%, so OOTO currently pays the higher dividend yield.
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