SPY vs TPOR
State Street SPDR S&P 500 ETF Trust vs Direxion Daily Transportation Bull 3X ETF
Quick Verdict
SPY has a lower expense ratio. TPOR delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TPOR | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.99% | |
| AUM | $821.1B | $20M | |
| Dividend Yield | 1.01% | 0.57% | |
| Holdings | 505 | 51 | |
| YTD Return | +12.71% | +36.07% | |
| 1Y Return | +20.53% | +52.83% | |
| 3Y Return (annualized) | +21.60% | +14.27% | |
| 5Y Return (annualized) | +12.79% | +1.96% | |
| Volatility (annualized) | 15.3% | 67.1% | |
| Max Drawdown | -56.5% | -87.8% | |
| Fund Family | State Street Investment Management | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | May 3, 2017 |
SPY vs TPOR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Direxion Daily Transportation Bull 3X ETF (TPOR) is a ETF from Direxion Shares ETF Trust. Over the past year SPY returned +20.53% while TPOR returned +52.83%. Year to date, SPY is up 12.71% versus a gain of 36.07% for TPOR.
Over three years, SPY compounded at +21.60% per year against +14.27% for TPOR; over five years the annualized figures are +12.79% and +1.96% respectively. Across the full 9-year window we track, SPY has the edge at +8.80% annualized vs +6.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TPOR has been the more volatile fund, with annualized monthly volatility of 67.1% 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 -87.8% for TPOR. 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 0.87. 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 1.01% against 0.57% for TPOR.
Holdings Overlap
SPY and TPOR share 14 holdings out of 537 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $90 per year of difference.
Which performed better, SPY or TPOR?
Over the past year SPY returned +20.53% vs +52.83% for TPOR, so TPOR leads on 1-year performance. Over the longest common window we track (9 years), SPY annualized +8.80% vs +6.35% for TPOR. Past performance does not guarantee future results.
Which is riskier, SPY or TPOR?
TPOR has been the more volatile fund at 67.1% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TPOR -87.8%.
Should I hold both SPY and TPOR?
SPY and TPOR have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TPOR?
SPY and TPOR share 14 common holdings with a 1.3% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, SPY or TPOR?
SPY yields 1.01% while TPOR yields 0.57%, so SPY currently pays the higher dividend yield.
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