SHPU vs SPY
Direxion Daily SHOP Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SHPU or SPY?
Trading-Leveraged 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 | SHPU | SPY |
|---|---|---|
| Expense Ratio | 1.09% | 0.09%Best |
| AUM | $9M | $804.7B |
| Dividend Yield | 52.93% | 0.98% |
| Holdings | 10 | 505 |
| YTD Return | -52.86% | +12.19%Best |
| 1Y Return | -48.18% | +18.53%Best |
| 3Y Return (annualized) | - | +20.88% |
| 5Y Return (annualized) | - | +12.69% |
| Volatility (annualized) | 82.8% | 12.9%Best |
| Max Drawdown | -77.7% | -8.9%Best |
| $10,000 over 1.1 years | $4,350 | $12,198Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Aug 6, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 6, 2025 to Sep 9, 2026 (1.1 years).
SHPU 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 1.1 years both funds cover.
SHPU vs SPY Performance
Direxion Daily SHOP Bull 2X ETF (SHPU) 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 SHPU returned -48.18% while SPY returned +18.53%. Year to date, SHPU is down 52.86% versus a gain of 12.19% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SHPU has been the more volatile fund, with annualized monthly volatility of 82.8% compared with 12.9% 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 -77.7% for SHPU and -8.9% 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 0.24. They move largely independently of each other.
Fees and Cost Over Time
SHPU charges 1.09% per year while SPY charges 0.09%. On a $10,000 position that is $109 vs $9 annually, a gap of $100 per year that compounds over a long holding period. On income, SHPU currently yields 52.93% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 4 holdings in SHPU and 504 in SPY, totalling 84.7% 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 4 positions we hold weights for in SHPU and 504 in SPY, against full books of 10 and 505.
You are not choosing between two funds in isolation.
Whichever of SHPU 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, SHPU or SPY?
SHPU has an expense ratio of 1.09% while SPY charges 0.09%. SPY is the cheaper option, by $100 a year on a $10,000 investment.
Which performed better, SHPU or SPY?
Over the past year SHPU returned -48.18% vs +18.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SHPU annualized -53.08% vs +19.80% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SHPU or SPY?
SHPU has been the more volatile fund at 82.8% annualized versus 12.9% for SPY. Worst drawdown: SHPU -77.7% vs SPY -8.9%.
Should I hold both SHPU and SPY?
SHPU and SPY have a monthly-return correlation of 0.24, 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, SHPU or SPY?
SHPU yields 52.93% while SPY yields 0.98%, so SHPU currently pays the higher dividend yield.
Is SPY better than SHPU?
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.