SPY vs TSLQ
State Street SPDR S&P 500 ETF Trust vs Tradr 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 | TSLQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.17% | |
| AUM | $821.1B | $99M | |
| Dividend Yield | 1.01% | 7.08% | |
| Holdings | 505 | 12 | |
| YTD Return | +12.68% | +1.94% | |
| 1Y Return | +21.82% | -56.28% | |
| 3Y Return (annualized) | +21.98% | -65.62% | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 88.2% | |
| Max Drawdown | -56.5% | -98.7% | |
| Fund Family | State Street Investment Management | Tradr ETFs | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Jul 13, 2022 |
SPY vs TSLQ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Tradr 2X Short TSLA Daily ETF (TSLQ) is a ETF from Tradr ETFs. Over the past year SPY returned +21.82% while TSLQ returned -56.28%. Year to date, SPY is up 12.68% versus a gain of 1.94% for TSLQ.
Over three years, SPY compounded at +21.98% per year against -65.62% for TSLQ. Across the full 4-year window we track, SPY has the edge at +8.81% annualized vs -57.49%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLQ has been the more volatile fund, with annualized monthly volatility of 88.2% 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 -98.7% for TSLQ. 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 -0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TSLQ charges 1.17%. On a $10,000 position that is $9 vs $117 annually, a gap of $108 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 7.08% for TSLQ.
Holdings Overlap
SPY and TSLQ share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or TSLQ?
SPY has an expense ratio of 0.09% while TSLQ charges 1.17%. SPY is the cheaper option. On a $10,000 investment, that is $108 per year of difference.
Which performed better, SPY or TSLQ?
Over the past year SPY returned +21.82% vs -56.28% for TSLQ, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.81% vs -57.49% for TSLQ. Past performance does not guarantee future results.
Which is riskier, SPY or TSLQ?
TSLQ has been the more volatile fund at 88.2% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TSLQ -98.7%.
Should I hold both SPY and TSLQ?
SPY and TSLQ have a monthly-return correlation of -0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TSLQ?
SPY and TSLQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SPY or TSLQ?
SPY yields 1.01% while TSLQ yields 7.08%, so TSLQ currently pays the higher dividend yield.
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