SPY vs TSLL
State Street SPDR S&P 500 ETF Trust vs Direxion Daily TSLA Bull 2X ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | TSLL | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.83% | |
| AUM | $789.1B | $3.0B | |
| Dividend Yield | 1.01% | 6.94% | |
| Holdings | 505 | 13 | |
| YTD Return | +13.39% | -53.42% | |
| 1Y Return | +22.52% | -31.64% | |
| 3Y Return (annualized) | +21.36% | -13.78% | |
| 5Y Return (annualized) | +13.19% | - | |
| Volatility (annualized) | 15.3% | 104.2% | |
| Max Drawdown | -56.5% | -82.9% | |
| Fund Family | State Street Investment Management | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Aug 9, 2022 |
SPY vs TSLL Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Direxion Daily TSLA Bull 2X ETF (TSLL) is a ETF from Direxion Shares ETF Trust. Over the past year SPY returned +22.52% while TSLL returned -31.64%. Year to date, SPY is up 13.39% versus a loss of 53.42% for TSLL.
Over three years, SPY compounded at +21.36% per year against -13.78% for TSLL. Across the full 4-year window we track, SPY has the edge at +8.84% annualized vs -20.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLL has been the more volatile fund, with annualized monthly volatility of 104.2% 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 -82.9% for TSLL. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
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 6.94% for TSLL.
Holdings Overlap
SPY and TSLL share 1 holdings out of 507 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TSLL | Difference |
|---|---|---|---|
| TSLA | 1.82% | 11.21% | 9.39% |
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. On a $10,000 investment, that is $74 per year of difference.
Which performed better, SPY or TSLL?
Over the past year SPY returned +22.52% vs -31.64% for TSLL, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.84% vs -20.21% for TSLL. Past performance does not guarantee future results.
Which is riskier, SPY or TSLL?
TSLL has been the more volatile fund at 104.2% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TSLL -82.9%.
Should I hold both SPY and TSLL?
SPY and TSLL have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TSLL?
SPY and TSLL share 1 common holdings with a 1.8% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, SPY or TSLL?
SPY yields 1.01% while TSLL yields 6.94%, so TSLL currently pays the higher dividend yield.
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