SPY vs TBXU
State Street SPDR S&P 500 ETF Trust vs Direxion Daily Biotech Top 5 Bull 2X ETF
Which is better, SPY or TBXU?
Large Cap Blend against Trading-Leveraged Equity.
SPY has a lower expense ratio. TBXU led over 1Y.
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 | SPY | TBXU |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.98% |
| AUM | $804.7B | $6M |
| Dividend Yield | 0.98% | 1.45% |
| Holdings | 505 | 10 |
| YTD Return | +12.47% | +24.99%Best |
| 1Y Return | +17.51% | +47.03%Best |
| 3Y Return (annualized) | +21.18% | - |
| 5Y Return (annualized) | +12.88% | - |
| Fund Family | State Street Investment Management | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | Jan 22, 1993 | Oct 1, 2025 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs TBXU 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs TBXU Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) is an ETF from Direxion Shares ETF Trust. Over the past year SPY returned +17.51% while TBXU returned +47.03%. Year to date, SPY is up 12.47% versus a gain of 24.99% for TBXU.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while TBXU charges 0.98%. On a $10,000 position that is $9 vs $98 annually, a gap of $89 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 1.45% for TBXU.
Holdings Overlap
At least 0.9% of SPY's money is in holdings TBXU also owns.
Stated as a floor: for TBXU, our book for it covers 89.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
4 positions in common, counted across the 504 positions we hold weights for in SPY and 7 in TBXU, against full books of 505 and 10.
You are not choosing between two funds in isolation.
Whichever of SPY and TBXU 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, SPY or TBXU?
SPY has an expense ratio of 0.09% while TBXU charges 0.98%. SPY is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, SPY or TBXU?
Over the past year SPY returned +17.51% vs +47.03% for TBXU, so TBXU leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which pays a higher dividend, SPY or TBXU?
SPY yields 0.98% while TBXU yields 1.45%, so TBXU currently pays the higher dividend yield.
Is TBXU better than SPY?
SPY has a lower expense ratio. TBXU led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.