SPY vs TSIB
State Street SPDR S&P 500 ETF Trust vs Direxion TSLA Defined Income Boost ETF
Quick Verdict
SPY has a lower expense ratio. TSIB delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TSIB | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.97% | |
| AUM | $814.4B | $2M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 3 | |
| YTD Return | +12.87% | +22.62% | |
| 1Y Return | +21.13% | +22.62% | |
| 3Y Return (annualized) | +20.86% | - | |
| 5Y Return (annualized) | +12.69% | +24.89% | |
| Volatility (annualized) | 15.3% | 115.4% | |
| Max Drawdown | -56.5% | -4.5% | |
| Fund Family | State Street Investment Management | Direxion Shares ETF Trust | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Jul 29, 2026 |
SPY vs TSIB Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Direxion TSLA Defined Income Boost ETF (TSIB) is a ETF from Direxion Shares ETF Trust. Over the past year SPY returned +21.13% while TSIB returned +22.62%. Year to date, SPY is up 12.87% versus a gain of 22.62% for TSIB.
Risk: Volatility and Drawdowns
TSIB has been the more volatile fund, with annualized monthly volatility of 115.4% 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 -4.5% for TSIB. 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 0.00. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TSIB charges 0.97%. On a $10,000 position that is $9 vs $97 annually, a gap of $88 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for TSIB.
Holdings Overlap
SPY and TSIB share 1 holdings out of 506 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TSIB | Difference |
|---|---|---|---|
| TSLA | 1.38% | 11.48% | 10.10% |
Frequently Asked Questions
Which is cheaper, SPY or TSIB?
SPY has an expense ratio of 0.09% while TSIB charges 0.97%. SPY is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, SPY or TSIB?
Over the past year SPY returned +21.13% vs +22.62% for TSIB, so TSIB leads on 1-year performance. Over the longest common window we track (5 years), SPY annualized +8.80% vs +22.83% for TSIB. Past performance does not guarantee future results.
Which is riskier, SPY or TSIB?
TSIB has been the more volatile fund at 115.4% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TSIB -4.5%.
Should I hold both SPY and TSIB?
SPY and TSIB have a monthly-return correlation of 0.00, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TSIB?
SPY and TSIB share 1 common holdings with a 1.4% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, SPY or TSIB?
SPY yields 1.01% while TSIB yields 0.00%, so SPY currently pays the higher dividend yield.
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