SNK vs SPY
GraniteShares 2x Short SpaceX Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SNK or SPY?
Trading-Inverse 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 | SNK | SPY |
|---|---|---|
| Expense Ratio | 2.20% | 0.09%Best |
| AUM | $62M | $823.2B |
| Dividend Yield | 0.00% | 0.99% |
| Holdings | 4 | 1,515 |
| YTD Return | -7.08% | +13.93%Best |
| 1Y Return | -7.08% | +13.62%Best |
| 3Y Return (annualized) | - | +24.48% |
| 5Y Return (annualized) | - | +12.50% |
| Volatility (annualized) | 95.0% | 14.2%Best |
| Max Drawdown | -71.8% | -34.1%Best |
| $10,000 over 16.3 years | $14,649 | $77,214Best |
| Fund Family | GraniteShares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | Jun 15, 2026 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 16.3 years row, are measured over the window both funds cover: Jul 12, 2010 to Oct 28, 2026 (16.3 years).
SNK 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 16.3 years both funds cover.
SNK vs SPY Performance
GraniteShares 2x Short SpaceX Daily ETF (SNK) is an ETF from GraniteShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SNK returned -7.08% while SPY returned +13.62%. Year to date, SNK is down 7.08% versus a gain of 13.93% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SNK has been the more volatile fund, with annualized monthly volatility of 95.0% compared with 14.2% 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 -71.8% for SNK and -34.1% 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 -0.02. They move largely independently of each other.
Fees and Cost Over Time
SNK charges 2.20% per year while SPY charges 0.09%. On a $10,000 position that is $220 vs $9 annually, a gap of $211 per year that compounds over a long holding period. On income, SNK currently yields 0.00% against 0.99% for SPY.
You are not choosing between two funds in isolation.
Whichever of SNK 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, SNK or SPY?
SNK has an expense ratio of 2.20% while SPY charges 0.09%. SPY is the cheaper option, by $211 a year on a $10,000 investment.
Which performed better, SNK or SPY?
Over the past year SNK returned -7.08% vs +13.62% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (16 years), SNK annualized +2.37% vs +13.36% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SNK or SPY?
SNK has been the more volatile fund at 95.0% annualized versus 14.2% for SPY. Worst drawdown: SNK -71.8% vs SPY -34.1%.
Should I hold both SNK and SPY?
SNK and SPY have a monthly-return correlation of -0.02, 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, SNK or SPY?
SNK yields 0.00% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than SNK?
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.