SMZ vs SPY
Tradr 2X Short SMR Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SMZ or SPY?
Trading-Inverse Equity against Large Cap Blend.
SPY has a lower expense ratio.
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 | SMZ | SPY |
|---|---|---|
| Expense Ratio | 1.49% | 0.09%Best |
| AUM | $971,406.62 | $777.9B |
| Dividend Yield | 0.00% | 1.00% |
| Holdings | 6 | 1,011 |
| Fund Family | Tradr ETFs | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | Feb 10, 2026 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
The two price series end 22 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SMZ has data through Oct 19, 2026 and SPY through Nov 10, 2026.
Fees and Cost Over Time
SMZ charges 1.49% per year while SPY charges 0.09%. On a $10,000 position that is $149 vs $9 annually, a gap of $140 per year that compounds over a long holding period. On income, SMZ currently yields 0.00% against 1.00% for SPY.
You are not choosing between two funds in isolation.
Whichever of SMZ 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, SMZ or SPY?
SMZ has an expense ratio of 1.49% while SPY charges 0.09%. SPY is the cheaper option, by $140 a year on a $10,000 investment.
Which pays a higher dividend, SMZ or SPY?
SMZ yields 0.00% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than SMZ?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.