SHPU vs SPY
Direxion Daily SHOP Bull 2X 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 | SHPU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.09% | |
| AUM | $15M | $821.1B | |
| Dividend Yield | 52.93% | 1.01% | |
| Holdings | 10 | 505 | |
| YTD Return | -35.58% | +12.93% | |
| 1Y Return | -29.60% | +20.62% | |
| 3Y Return (annualized) | - | +22.00% | |
| 5Y Return (annualized) | - | +13.33% | |
| Volatility (annualized) | 81.6% | 15.3% | |
| Max Drawdown | -77.7% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 6, 2025 | Jan 22, 1993 |
SHPU vs SPY Performance
Direxion Daily SHOP Bull 2X ETF (SHPU) 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. Over the past year SHPU returned -29.60% while SPY returned +20.62%. Year to date, SHPU is down 35.58% versus a gain of 12.93% for SPY.
Risk: Volatility and Drawdowns
SHPU has been the more volatile fund, with annualized monthly volatility of 81.6% 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 -77.7% for SHPU 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 0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.01% for SPY.
Holdings Overlap
SHPU and SPY share 0 holdings out of 509 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, SHPU or SPY?
SHPU has an expense ratio of 1.09% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, SHPU or SPY?
Over the past year SHPU returned -29.60% vs +20.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SHPU annualized -39.24% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, SHPU or SPY?
SHPU has been the more volatile fund at 81.6% annualized versus 15.3% for SPY. Worst drawdown: SHPU -77.7% vs SPY -56.5%.
Should I hold both SHPU and SPY?
SHPU and SPY have a monthly-return correlation of 0.21, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SHPU and SPY?
SHPU and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, SHPU or SPY?
SHPU yields 52.93% while SPY yields 1.01%, so SHPU currently pays the higher dividend yield.
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