RIOX vs SPY
Defiance Daily Target 2X Long RIOT 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 | RIOX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.09% | |
| AUM | $16M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 9 | 505 | |
| YTD Return | -8.48% | +14.47% | |
| 1Y Return | -12.66% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 184.4% | 15.3% | |
| Max Drawdown | -84.4% | -56.5% | |
| Fund Family | Defiance ETFs, LLC | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jan 2, 2025 | Jan 22, 1993 |
RIOX vs SPY Performance
Defiance Daily Target 2X Long RIOT ETF (RIOX) is a ETF from Defiance ETFs, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RIOX returned -12.66% while SPY returned +21.96%. Year to date, RIOX is down 8.48% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
RIOX has been the more volatile fund, with annualized monthly volatility of 184.4% 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 -84.4% for RIOX 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RIOX charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, RIOX currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
RIOX 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, RIOX or SPY?
RIOX has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, RIOX or SPY?
Over the past year RIOX returned -12.66% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), RIOX annualized -39.22% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, RIOX or SPY?
RIOX has been the more volatile fund at 184.4% annualized versus 15.3% for SPY. Worst drawdown: RIOX -84.4% vs SPY -56.5%.
Should I hold both RIOX and SPY?
RIOX and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RIOX and SPY?
RIOX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, RIOX or SPY?
RIOX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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