SPY vs TPOR
State Street SPDR S&P 500 ETF Trust vs Direxion Daily Transportation Bull 3X ETF
Which is better, SPY or TPOR?
Large Cap Blend against Multi Alternative.
SPY has a lower expense ratio. SPY led over 3Y, 5Y and the full window, TPOR 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 | TPOR |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.99% |
| AUM | $777.9B | $16M |
| Dividend Yield | 1.00% | 0.86% |
| Holdings | 1,011 | 107 |
| YTD Return | +11.69% | +14.02%Best |
| 1Y Return | +11.99% | +22.85%Best |
| 3Y Return (annualized) | +21.29%Best | +17.82% |
| 5Y Return (annualized) | +11.62%Best | -8.09% |
| Volatility (annualized) | 15.8%Best | 66.7% |
| Max Drawdown | -34.1%Best | -87.8% |
| $10,000 over 5 years | $17,326Best | $6,559 |
| Fund Family | State Street Investment Management | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | Jan 22, 1993 | May 3, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 3, 2017 to Nov 12, 2026 (9.5 years).
SPY vs TPOR 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 9.5 years both funds cover.
SPY vs TPOR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Direxion Daily Transportation Bull 3X ETF (TPOR) is an ETF from Direxion Shares ETF Trust. Over the past year SPY returned +11.99% while TPOR returned +22.85%. Year to date, SPY is up 11.69% versus a gain of 14.02% for TPOR.
Over three years, SPY compounded at +21.29% per year against +17.82% for TPOR; over five years the annualized figures are +11.62% and -8.09% respectively. Across the full 10-year window we track, SPY has the edge at +13.80% annualized vs +4.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TPOR has been the more volatile fund, with annualized monthly volatility of 66.7% compared with 15.8% 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 -34.1% for SPY and -87.8% for TPOR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while TPOR charges 0.99%. On a $10,000 position that is $9 vs $99 annually, a gap of $90 per year that compounds over a long holding period. On income, SPY currently yields 1.00% against 0.86% for TPOR.
Holdings Overlap
At least 1.2% of SPY's money is in holdings TPOR also owns.
Stated as a floor: for TPOR, our book for it covers 82.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and TPOR share little of their money.
14 positions in common, counted across the 504 positions we hold weights for in SPY and 45 in TPOR, against full books of 1,011 and 107.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TPOR | Difference |
|---|---|---|---|
| UNPUnion Pacific Corp | 0.26% | 13.62% | 13.36% |
| UBERUber Technologies Inc | 0.21% | 11.56% | 11.35% |
| CSXCsx Corp. | 0.13% | 7.16% | 7.03% |
| ODFLOld Dominion Freight Line Inc. | 0.05% | 3.57% | 3.52% |
| NSCNorfolk Southern Corp | 0.11% | 3.45% | 3.34% |
| UPSUnited Parcel Service Inc | 0.11% | 3.39% | 3.28% |
| DALDl Co., Ltd. | 0.07% | 3.41% | 3.34% |
| FDXFedex Corp | 0.10% | 3.29% | 3.19% |
| UALUnited Airlines Holdings Inc. | 0.05% | 3.25% | 3.20% |
| EXPDExpeditors International Of Washington Inc. | 0.04% | 2.69% | 2.65% |
You are not choosing between two funds in isolation.
Whichever of SPY and TPOR 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 TPOR?
SPY has an expense ratio of 0.09% while TPOR charges 0.99%. SPY is the cheaper option, by $90 a year on a $10,000 investment.
Which performed better, SPY or TPOR?
Over the past year SPY returned +11.99% vs +22.85% for TPOR, so TPOR leads on 1-year performance. Over the longest common window we track (10 years), SPY annualized +13.80% vs +4.25% for TPOR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TPOR?
TPOR has been the more volatile fund at 66.7% annualized versus 15.8% for SPY. Worst drawdown: SPY -34.1% vs TPOR -87.8%.
Should I hold both SPY and TPOR?
SPY and TPOR have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and TPOR?
At least 1.2% of SPY's money is in holdings TPOR also owns. Our book for TPOR is partial, so the real figure is this or higher. They hold 14 positions in common, counted across the 504 positions we hold weights for in SPY and 45 in TPOR.
Which pays a higher dividend, SPY or TPOR?
SPY yields 1.00% while TPOR yields 0.86%, so SPY currently pays the higher dividend yield.
Is TPOR better than SPY?
SPY has a lower expense ratio. SPY led over 3Y, 5Y and the full window, TPOR over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.