PDDL vs SPY
GraniteShares 2x Long PDD 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 503 holdings.
Side-by-Side Comparison
| Metric | PDDL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.50% | 0.09% | |
| AUM | $10M | $789.1B | |
| Dividend Yield | 0.85% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | -55.76% | +14.47% | |
| 1Y Return | -59.51% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 63.3% | 15.3% | |
| Max Drawdown | -76.1% | -56.5% | |
| Fund Family | GraniteShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 15, 2025 | Jan 22, 1993 |
PDDL vs SPY Performance
GraniteShares 2x Long PDD Daily ETF (PDDL) 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 PDDL returned -59.51% while SPY returned +21.96%. Year to date, PDDL is down 55.76% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
PDDL has been the more volatile fund, with annualized monthly volatility of 63.3% 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 -76.1% for PDDL 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 -0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PDDL 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, PDDL currently yields 0.85% against 1.01% for SPY.
Holdings Overlap
PDDL and SPY share 0 holdings out of 504 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, PDDL or SPY?
PDDL 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, PDDL or SPY?
Over the past year PDDL returned -59.51% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), PDDL annualized -47.95% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, PDDL or SPY?
PDDL has been the more volatile fund at 63.3% annualized versus 15.3% for SPY. Worst drawdown: PDDL -76.1% vs SPY -56.5%.
Should I hold both PDDL and SPY?
PDDL and SPY have a monthly-return correlation of -0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PDDL and SPY?
PDDL and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, PDDL or SPY?
PDDL yields 0.85% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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