SPY vs TSLT
State Street SPDR S&P 500 ETF Trust vs T-Rex 2X Long Tesla Daily Target 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 | TSLT | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.05% | |
| AUM | $789.1B | $186M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 11 | |
| YTD Return | +13.39% | -54.18% | |
| 1Y Return | +22.52% | -33.66% | |
| 3Y Return (annualized) | +21.36% | - | |
| 5Y Return (annualized) | +13.19% | - | |
| Volatility (annualized) | 15.3% | 105.8% | |
| Max Drawdown | -56.5% | -83.2% | |
| Fund Family | State Street Investment Management | REX Shares | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Oct 19, 2023 |
SPY vs TSLT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and T-Rex 2X Long Tesla Daily Target ETF (TSLT) is a ETF from REX Shares. Over the past year SPY returned +22.52% while TSLT returned -33.66%. Year to date, SPY is up 13.39% versus a loss of 54.18% for TSLT.
Risk: Volatility and Drawdowns
TSLT has been the more volatile fund, with annualized monthly volatility of 105.8% 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 -83.2% for TSLT. 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TSLT charges 1.05%. On a $10,000 position that is $9 vs $105 annually, a gap of $96 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for TSLT.
Frequently Asked Questions
Which is cheaper, SPY or TSLT?
SPY has an expense ratio of 0.09% while TSLT charges 1.05%. SPY is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, SPY or TSLT?
Over the past year SPY returned +22.52% vs -33.66% for TSLT, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.84% vs -18.30% for TSLT. Past performance does not guarantee future results.
Which is riskier, SPY or TSLT?
TSLT has been the more volatile fund at 105.8% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TSLT -83.2%.
Should I hold both SPY and TSLT?
SPY and TSLT have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SPY or TSLT?
SPY yields 1.01% while TSLT yields 0.00%, so SPY currently pays the higher dividend yield.
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