SPY vs TSLZ
State Street SPDR S&P 500 ETF Trust vs T-Rex 2X Inverse Tesla Daily Target 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 | TSLZ | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.05% | |
| AUM | $821.1B | $28M | |
| Dividend Yield | 1.01% | 0.46% | |
| Holdings | 505 | 7 | |
| YTD Return | +12.68% | -1.04% | |
| 1Y Return | +21.82% | -58.70% | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 106.1% | |
| Max Drawdown | -56.5% | -99.1% | |
| Fund Family | State Street Investment Management | REX Shares | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Oct 19, 2023 |
SPY vs TSLZ Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) is a ETF from REX Shares. Over the past year SPY returned +21.82% while TSLZ returned -58.70%. Year to date, SPY is up 12.68% versus a loss of 1.04% for TSLZ.
Risk: Volatility and Drawdowns
TSLZ has been the more volatile fund, with annualized monthly volatility of 106.1% 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 -99.1% for TSLZ. 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 -0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while TSLZ 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 0.46% for TSLZ.
Frequently Asked Questions
Which is cheaper, SPY or TSLZ?
SPY has an expense ratio of 0.09% while TSLZ 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 TSLZ?
Over the past year SPY returned +21.82% vs -58.70% for TSLZ, so SPY leads on 1-year performance. Over the longest common window we track (3 years), SPY annualized +8.81% vs -76.00% for TSLZ. Past performance does not guarantee future results.
Which is riskier, SPY or TSLZ?
TSLZ has been the more volatile fund at 106.1% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs TSLZ -99.1%.
Should I hold both SPY and TSLZ?
SPY and TSLZ have a monthly-return correlation of -0.29, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SPY or TSLZ?
SPY yields 1.01% while TSLZ yields 0.46%, so SPY currently pays the higher dividend yield.
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