SPY vs TSLR
State Street SPDR S&P 500 ETF Trust vs GraniteShares 2x Long TSLA Daily 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 | TSLR | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.95% | |
| AUM | $789.1B | $64M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 2 | |
| YTD Return | +14.47% | -50.89% | |
| 1Y Return | +21.96% | -27.78% | |
| 3Y Return (annualized) | +21.70% | -16.39% | |
| 5Y Return (annualized) | +13.30% | - | |
| Volatility (annualized) | 15.3% | 104.8% | |
| Max Drawdown | -56.5% | -82.8% | |
| Fund Family | State Street Investment Management | GraniteShares | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Aug 21, 2023 |
SPY vs TSLR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and GraniteShares 2x Long TSLA Daily ETF (TSLR) is a ETF from GraniteShares. Over the past year SPY returned +21.96% while TSLR returned -27.78%. Year to date, SPY is up 14.47% versus a loss of 50.89% for TSLR.
Over three years, SPY compounded at +21.70% per year against -16.39% for TSLR. Across the full 3-year window we track, SPY has the edge at +8.87% annualized vs -16.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TSLR has been the more volatile fund, with annualized monthly volatility of 104.8% 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 -82.8% for TSLR. 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 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TSLR charges 0.95%. On a $10,000 position that is $9 vs $95 annually, a gap of $86 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for TSLR.
Holdings Overlap
SPY and TSLR share 1 holdings out of 503 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 TSLR | Difference |
|---|---|---|---|
| TSLA | 1.82% | 66.69% | 64.87% |
Frequently Asked Questions
Which is cheaper, SPY or TSLR?
SPY has an expense ratio of 0.09% while TSLR charges 0.95%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, SPY or TSLR?
Over the past year SPY returned +21.96% vs -27.78% for TSLR, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.87% vs -16.39% for TSLR. Past performance does not guarantee future results.
Which is riskier, SPY or TSLR?
TSLR has been the more volatile fund at 104.8% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TSLR -82.8%.
Should I hold both SPY and TSLR?
SPY and TSLR have a monthly-return correlation of 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and TSLR?
SPY and TSLR share 1 common holdings with a 1.8% weight overlap. Combined, they hold 503 unique securities.
Which pays a higher dividend, SPY or TSLR?
SPY yields 1.01% while TSLR yields 0.00%, so SPY currently pays the higher dividend yield.
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