SPY vs TEMT
State Street SPDR S&P 500 ETF Trust vs Tradr 2X Long TEM Daily ETF
Which is better, SPY or TEMT?
Large Cap Blend against Trading-Leveraged Equity.
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 | SPY | TEMT |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.31% |
| AUM | $804.7B | $36M |
| Dividend Yield | 0.98% | 46.88% |
| Holdings | 505 | 6 |
| YTD Return | +12.22% | +200.47%Best |
| 1Y Return | +16.97%Best | +5.99% |
| 3Y Return (annualized) | +21.16% | - |
| 5Y Return (annualized) | +13.00% | - |
| Volatility (annualized) | 11.9%Best | 165.5% |
| Max Drawdown | -8.9%Best | -84.0% |
| $10,000 over 1.3 years | $13,052Best | $12,598 |
| Fund Family | State Street Investment Management | Tradr ETFs |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | Jan 22, 1993 | May 12, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: May 13, 2025 to Sep 17, 2026 (1.3 years).
SPY vs TEMT 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 1.3 years both funds cover.
SPY vs TEMT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Tradr 2X Long TEM Daily ETF (TEMT) is an ETF from Tradr ETFs. Over the past year SPY returned +16.97% while TEMT returned +5.99%. Year to date, SPY is up 12.22% versus a gain of 200.47% for TEMT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TEMT has been the more volatile fund, with annualized monthly volatility of 165.5% compared with 11.9% 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 -8.9% for SPY and -84.0% for TEMT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.06. They move largely independently of each other.
Fees and Cost Over Time
SPY charges 0.09% per year while TEMT charges 1.31%. On a $10,000 position that is $9 vs $131 annually, a gap of $122 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 46.88% for TEMT.
You are not choosing between two funds in isolation.
Whichever of SPY and TEMT 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 TEMT?
SPY has an expense ratio of 0.09% while TEMT charges 1.31%. SPY is the cheaper option, by $122 a year on a $10,000 investment.
Which performed better, SPY or TEMT?
Over the past year SPY returned +16.97% vs +5.99% for TEMT, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +22.74% vs +19.44% for TEMT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TEMT?
TEMT has been the more volatile fund at 165.5% annualized versus 11.9% for SPY. Worst drawdown: SPY -8.9% vs TEMT -84.0%.
Should I hold both SPY and TEMT?
SPY and TEMT have a monthly-return correlation of -0.06, 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, SPY or TEMT?
SPY yields 0.98% while TEMT yields 46.88%, so TEMT currently pays the higher dividend yield.
Is TEMT better than SPY?
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.