SPY vs TSLG
State Street SPDR S&P 500 ETF Trust vs Leverage Shares 2X Long TSLA Daily ETF
Which is better, SPY or TSLG?
Large Cap Blend against Leverage Strategy.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | TSLG |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.80% |
| AUM | $804.7B | $53M |
| Dividend Yield | 0.98% | 12.31% |
| Holdings | 505 | 5 |
| YTD Return | +12.47%Best | -45.41% |
| 1Y Return | +17.51%Best | -30.98% |
| 3Y Return (annualized) | +21.18% | - |
| 5Y Return (annualized) | +12.88% | - |
| Volatility (annualized) | 12.6%Best | 100.6% |
| Max Drawdown | -18.8%Best | -82.9% |
| $10,000 over 1.7 years | $12,827Best | $3,247 |
| Fund Family | State Street Investment Management | Leverage Shares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Leverage Strategy |
| Inception | Jan 22, 1993 | Dec 13, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 13, 2024 to Sep 11, 2026 (1.7 years).
SPY vs TSLG 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 1.7 years both funds cover.
SPY vs TSLG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Leverage Shares 2X Long TSLA Daily ETF (TSLG) is an ETF from Leverage Shares. Over the past year SPY returned +17.51% while TSLG returned -30.98%. Year to date, SPY is up 12.47% versus a loss of 45.41% for TSLG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLG has been the more volatile fund, with annualized monthly volatility of 100.6% compared with 12.6% 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 -18.8% for SPY and -82.9% for TSLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.49. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while TSLG charges 0.80%. On a $10,000 position that is $9 vs $80 annually, a gap of $71 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 12.31% for TSLG.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 1 in TSLG, totalling 100.0% and 10.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 1 in TSLG, against full books of 505 and 5.
You are not choosing between two funds in isolation.
Whichever of SPY and TSLG 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 TSLG?
SPY has an expense ratio of 0.09% while TSLG charges 0.80%. SPY is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, SPY or TSLG?
Over the past year SPY returned +17.51% vs -30.98% for TSLG, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +15.77% vs -48.40% for TSLG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TSLG?
TSLG has been the more volatile fund at 100.6% annualized versus 12.6% for SPY. Worst drawdown: SPY -18.8% vs TSLG -82.9%.
Should I hold both SPY and TSLG?
SPY and TSLG have a monthly-return correlation of 0.49, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or TSLG?
SPY yields 0.98% while TSLG yields 12.31%, so TSLG currently pays the higher dividend yield.
Is TSLG better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.