SPY vs TEMT
State Street SPDR S&P 500 ETF Trust vs Tradr 2X Long TEM Daily ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TEMT | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.30% | |
| AUM | $789.1B | $25M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 6 | |
| YTD Return | +13.75% | +60.80% | |
| 1Y Return | +22.91% | +7.45% | |
| 3Y Return (annualized) | +21.67% | - | |
| 5Y Return (annualized) | +13.32% | - | |
| Volatility (annualized) | 15.3% | 157.2% | |
| Max Drawdown | -56.5% | -84.0% | |
| Fund Family | State Street Investment Management | Tradr ETFs | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | May 12, 2025 |
SPY vs TEMT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Tradr 2X Long TEM Daily ETF (TEMT) is a ETF from Tradr ETFs. Over the past year SPY returned +22.91% while TEMT returned +7.45%. Year to date, SPY is up 13.75% versus a gain of 60.80% for TEMT.
Risk: Volatility and Drawdowns
TEMT has been the more volatile fund, with annualized monthly volatility of 157.2% compared with 15.3% 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 -56.5% for SPY and -84.0% for TEMT. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TEMT charges 1.30%. On a $10,000 position that is $9 vs $130 annually, a gap of $121 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for TEMT.
Frequently Asked Questions
Which is cheaper, SPY or TEMT?
SPY has an expense ratio of 0.09% while TEMT charges 1.30%. SPY is the cheaper option. On a $10,000 investment, that is $121 per year of difference.
Which performed better, SPY or TEMT?
Over the past year SPY returned +22.91% vs +7.45% for TEMT, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.85% vs -26.69% for TEMT. Past performance does not guarantee future results.
Which is riskier, SPY or TEMT?
TEMT has been the more volatile fund at 157.2% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TEMT -84.0%.
Should I hold both SPY and TEMT?
SPY and TEMT have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SPY or TEMT?
SPY yields 1.01% while TEMT yields 0.00%, so SPY currently pays the higher dividend yield.
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