SOFX vs SPY
Defiance Daily Target 2X Long SOFI ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, SOFX or SPY?
Leverage Strategy 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 | SOFX | SPY |
|---|---|---|
| Expense Ratio | 1.29% | 0.09%Best |
| AUM | $55M | $804.7B |
| Dividend Yield | 38.81% | 0.98% |
| Holdings | 22 | 505 |
| YTD Return | -74.51% | +12.22%Best |
| 1Y Return | -78.51% | +16.97%Best |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 103.6% | 12.9%Best |
| Max Drawdown | -84.8% | -18.8%Best |
| $10,000 over 1.7 years | $3,971 | $13,181Best |
| Fund Family | Defiance ETFs, LLC | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Leverage Strategy | Large Cap Blend |
| Inception | Jan 15, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 16, 2025 to Sep 17, 2026 (1.7 years).
SOFX 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 1.7 years both funds cover.
SOFX vs SPY Performance
Defiance Daily Target 2X Long SOFI ETF (SOFX) is an ETF from Defiance ETFs, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year SOFX returned -78.51% while SPY returned +16.97%. Year to date, SOFX is down 74.51% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SOFX has been the more volatile fund, with annualized monthly volatility of 103.6% 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 -84.8% for SOFX and -18.8% 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 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SOFX charges 1.29% per year while SPY charges 0.09%. On a $10,000 position that is $129 vs $9 annually, a gap of $120 per year that compounds over a long holding period. On income, SOFX currently yields 38.81% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 2 holdings in SOFX and 504 in SPY, totalling 37.2% and 99.9% 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 2 positions we hold weights for in SOFX and 504 in SPY, against full books of 22 and 505.
You are not choosing between two funds in isolation.
Whichever of SOFX 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, SOFX or SPY?
SOFX has an expense ratio of 1.29% while SPY charges 0.09%. SPY is the cheaper option, by $120 a year on a $10,000 investment.
Which performed better, SOFX or SPY?
Over the past year SOFX returned -78.51% vs +16.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SOFX annualized -41.92% vs +17.64% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SOFX or SPY?
SOFX has been the more volatile fund at 103.6% annualized versus 12.9% for SPY. Worst drawdown: SOFX -84.8% vs SPY -18.8%.
Should I hold both SOFX and SPY?
SOFX and SPY have a monthly-return correlation of 0.56, 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, SOFX or SPY?
SOFX yields 38.81% while SPY yields 0.98%, so SOFX currently pays the higher dividend yield.
Is SPY better than SOFX?
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.