SHPD vs SPY
Direxion Daily SHOP Bear 1X ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SHPD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.09% | |
| AUM | $3M | $789.1B | |
| Dividend Yield | 1.59% | 1.01% | |
| Holdings | 8 | 505 | |
| YTD Return | +29.65% | +13.39% | |
| 1Y Return | - | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -25.2% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 6, 2025 | Jan 22, 1993 |
SHPD vs SPY Performance
Direxion Daily SHOP Bear 1X ETF (SHPD) 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. Year to date, SHPD is up 29.65% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -25.2% for SHPD and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SHPD charges 1.03% per year while SPY charges 0.09%. On a $10,000 position that is $103 vs $9 annually, a gap of $94 per year that compounds over a long holding period. On income, SHPD currently yields 1.59% against 1.01% for SPY.
Holdings Overlap
SHPD and SPY share 0 holdings out of 507 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, SHPD or SPY?
SHPD has an expense ratio of 1.03% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $94 per year of difference.
What is the holdings overlap between SHPD and SPY?
SHPD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, SHPD or SPY?
SHPD yields 1.59% while SPY yields 1.01%, so SHPD currently pays the higher dividend yield.
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