SPY vs TSDD
State Street SPDR S&P 500 ETF Trust vs GraniteShares 2x Short TSLA Daily ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TSDD | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.95% | |
| AUM | $814.4B | $20M | |
| Dividend Yield | 1.01% | 5.70% | |
| Holdings | 505 | 1 | |
| YTD Return | +12.87% | -3.33% | |
| 1Y Return | +21.13% | -55.58% | |
| 3Y Return (annualized) | +20.86% | -71.19% | |
| 5Y Return (annualized) | +12.69% | - | |
| Volatility (annualized) | 15.3% | 102.7% | |
| Max Drawdown | -56.5% | -99.0% | |
| Fund Family | State Street Investment Management | GraniteShares | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Aug 21, 2023 |
SPY vs TSDD Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and GraniteShares 2x Short TSLA Daily ETF (TSDD) is a ETF from GraniteShares. Over the past year SPY returned +21.13% while TSDD returned -55.58%. Year to date, SPY is up 12.87% versus a loss of 3.33% for TSDD.
Over three years, SPY compounded at +20.86% per year against -71.19% for TSDD. Across the full 3-year window we track, SPY has the edge at +8.80% annualized vs -71.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSDD has been the more volatile fund, with annualized monthly volatility of 102.7% 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 -99.0% for TSDD. 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 -0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TSDD charges 0.95%. On a $10,000 position that is $9 vs $95 annually, a gap of $86 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 5.70% for TSDD.
Holdings Overlap
SPY and TSDD share 1 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TSDD | Difference |
|---|---|---|---|
| TSLA | 1.38% | -199.97% | 201.35% |
Frequently Asked Questions
Which is cheaper, SPY or TSDD?
SPY has an expense ratio of 0.09% while TSDD charges 0.95%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, SPY or TSDD?
Over the past year SPY returned +21.13% vs -55.58% for TSDD, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.80% vs -71.74% for TSDD. Past performance does not guarantee future results.
Which is riskier, SPY or TSDD?
TSDD has been the more volatile fund at 102.7% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TSDD -99.0%.
Should I hold both SPY and TSDD?
SPY and TSDD have a monthly-return correlation of -0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TSDD?
SPY and TSDD share 1 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, SPY or TSDD?
SPY yields 1.01% while TSDD yields 5.70%, so TSDD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.