SPY vs TSLL
State Street SPDR S&P 500 ETF Trust vs Direxion Daily TSLA Bull 2X ETF
Which is better, SPY or TSLL?
Large Cap Blend against Trading-Leveraged Equity.
SPY has a lower expense ratio. SPY led over 1Y, 3Y 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 | TSLL |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.83% |
| AUM | $814.4B | $3.5B |
| Dividend Yield | 1.01% | 13.47% |
| Holdings | 505 | 13 |
| YTD Return | +13.34%Best | -48.71% |
| 1Y Return | +19.97%Best | -23.36% |
| 3Y Return (annualized) | +21.20%Best | -13.52% |
| 5Y Return (annualized) | +12.81% | - |
| Volatility (annualized) | 14.2%Best | 104.5% |
| Max Drawdown | -18.8%Best | -82.9% |
| $10,000 over 4.1 years | $19,849Best | $4,430 |
| Fund Family | State Street Investment Management | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | Jan 22, 1993 | Aug 9, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 9, 2022 to Sep 4, 2026 (4.1 years).
SPY vs TSLL 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 4.1 years both funds cover.
SPY vs TSLL Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Direxion Daily TSLA Bull 2X ETF (TSLL) is an ETF from Direxion Shares ETF Trust. Over the past year SPY returned +19.97% while TSLL returned -23.36%. Year to date, SPY is up 13.34% versus a loss of 48.71% for TSLL.
Over three years, SPY compounded at +21.20% per year against -13.52% for TSLL. Across the full 4-year window we track, SPY has the edge at +18.20% annualized vs -18.01%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLL has been the more volatile fund, with annualized monthly volatility of 104.5% compared with 14.2% 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 TSLL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.38. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while TSLL charges 0.83%. On a $10,000 position that is $9 vs $83 annually, a gap of $74 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 13.47% for TSLL.
Holdings Overlap
At least 1.4% of SPY's money is in holdings TSLL also owns.
Only one direction is shown: for TSLL, our book for it lists positions totalling 117.3% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
SPY and TSLL share little of their money.
1 positions in common, counted across the 504 positions we hold weights for in SPY and 4 in TSLL, against full books of 505 and 13.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TSLL | Difference |
|---|---|---|---|
| TSLATesla Motors Inc | 1.38% | 15.15% | 13.77% |
You are not choosing between two funds in isolation.
Whichever of SPY and TSLL 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 TSLL?
SPY has an expense ratio of 0.09% while TSLL charges 0.83%. SPY is the cheaper option, by $74 a year on a $10,000 investment.
Which performed better, SPY or TSLL?
Over the past year SPY returned +19.97% vs -23.36% for TSLL, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +18.20% vs -18.01% for TSLL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TSLL?
TSLL has been the more volatile fund at 104.5% annualized versus 14.2% for SPY. Worst drawdown: SPY -18.8% vs TSLL -82.9%.
Should I hold both SPY and TSLL?
SPY and TSLL have a monthly-return correlation of 0.38, 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 TSLL?
At least 1.4% of SPY's money is in holdings TSLL also owns. Our book for TSLL is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 504 positions we hold weights for in SPY and 4 in TSLL.
Which pays a higher dividend, SPY or TSLL?
SPY yields 1.01% while TSLL yields 13.47%, so TSLL currently pays the higher dividend yield.
Is TSLL better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.