QBUL vs SPY
TrueShares Quarterly Bull Hedge 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 505 holdings.
Side-by-Side Comparison
| Metric | QBUL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $9M | $821.1B | |
| Dividend Yield | 8.85% | 1.01% | |
| Holdings | 15 | 505 | |
| YTD Return | +1.86% | +12.68% | |
| 1Y Return | -5.65% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 6.7% | 15.3% | |
| Max Drawdown | -10.5% | -56.5% | |
| Fund Family | TrueShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 28, 2024 | Jan 22, 1993 |
QBUL vs SPY Performance
TrueShares Quarterly Bull Hedge ETF (QBUL) is a ETF from TrueShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QBUL returned -5.65% while SPY returned +21.82%. Year to date, QBUL is up 1.86% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.7% for QBUL. 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 -10.5% for QBUL 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QBUL charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, QBUL currently yields 8.85% against 1.01% for SPY.
Holdings Overlap
QBUL and SPY share 0 holdings out of 505 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, QBUL or SPY?
QBUL has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, QBUL or SPY?
Over the past year QBUL returned -5.65% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), QBUL annualized -0.89% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, QBUL or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.7% for QBUL. Worst drawdown: QBUL -10.5% vs SPY -56.5%.
Should I hold both QBUL and SPY?
QBUL and SPY have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QBUL and SPY?
QBUL and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, QBUL or SPY?
QBUL yields 8.85% while SPY yields 1.01%, so QBUL currently pays the higher dividend yield.
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