PLTD vs SPY
Direxion Daily PLTR Bear 1X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PLTD or SPY?
Trading-Inverse Equity against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | PLTD | SPY |
|---|---|---|
| Expense Ratio | 0.98% | 0.09%Best |
| AUM | $34M | $804.7B |
| Dividend Yield | 2.76% | 0.98% |
| Holdings | 8 | 505 |
| YTD Return | -21.43% | +12.47%Best |
| 1Y Return | -26.67% | +17.51%Best |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 56.6% | 12.6%Best |
| Max Drawdown | -80.7% | -18.8%Best |
| $10,000 over 1.7 years | $2,432 | $12,750Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | Dec 11, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 11, 2024 to Sep 11, 2026 (1.7 years).
PLTD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.7 years both funds cover.
PLTD vs SPY Performance
Direxion Daily PLTR Bear 1X ETF (PLTD) is an ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PLTD returned -26.67% while SPY returned +17.51%. Year to date, PLTD is down 21.43% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PLTD has been the more volatile fund, with annualized monthly volatility of 56.6% compared with 12.6% 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 -80.7% for PLTD and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.11. They move largely independently of each other.
Fees and Cost Over Time
PLTD charges 0.98% per year while SPY charges 0.09%. On a $10,000 position that is $98 vs $9 annually, a gap of $89 per year that compounds over a long holding period. On income, PLTD currently yields 2.76% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 3 holdings in PLTD and 504 in SPY, totalling 107.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in PLTD and 504 in SPY, against full books of 8 and 505.
You are not choosing between two funds in isolation.
Whichever of PLTD 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, PLTD or SPY?
PLTD has an expense ratio of 0.98% while SPY charges 0.09%. SPY is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, PLTD or SPY?
Over the past year PLTD returned -26.67% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), PLTD annualized -56.47% vs +15.36% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PLTD or SPY?
PLTD has been the more volatile fund at 56.6% annualized versus 12.6% for SPY. Worst drawdown: PLTD -80.7% vs SPY -18.8%.
Should I hold both PLTD and SPY?
PLTD and SPY have a monthly-return correlation of -0.11, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PLTD or SPY?
PLTD yields 2.76% while SPY yields 0.98%, so PLTD currently pays the higher dividend yield.
Is SPY better than PLTD?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.