SPY vs TXNU
State Street SPDR S&P 500 ETF Trust vs Direxion Daily TXN Bull 2X ETF
Which is better, SPY or TXNU?
Large Cap Blend against Trading-Leveraged Equity.
SPY has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | TXNU |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.97% |
| AUM | $804.7B | $4M |
| Dividend Yield | 0.98% | 0.44% |
| Holdings | 505 | 10 |
| YTD Return | +12.09% | +58.16%Best |
| 1Y Return | +16.29% | - |
| 3Y Return (annualized) | +21.20% | - |
| 5Y Return (annualized) | +13.37% | - |
| Fund Family | State Street Investment Management | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | Jan 22, 1993 | Mar 25, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs TXNU growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs TXNU Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Direxion Daily TXN Bull 2X ETF (TXNU) is an ETF from Direxion Shares ETF Trust. Year to date, SPY is up 12.09% versus a gain of 58.16% for TXNU.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while TXNU charges 0.97%. On a $10,000 position that is $9 vs $97 annually, a gap of $88 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.44% for TXNU.
Holdings Overlap
At least 0.3% of SPY's money is in holdings TXNU also owns.
Only one direction is shown: for TXNU, our book for it lists positions totalling 109.4% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 504 positions we hold weights for in SPY and 4 in TXNU, against full books of 505 and 10.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TXNU | Difference |
|---|---|---|---|
| TXNTexas Instrument Inc | 0.35% | 19.30% | 18.95% |
You are not choosing between two funds in isolation.
Whichever of SPY and TXNU you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TXNU?
SPY has an expense ratio of 0.09% while TXNU charges 0.97%. SPY is the cheaper option, by $88 a year on a $10,000 investment.
Which pays a higher dividend, SPY or TXNU?
SPY yields 0.98% while TXNU yields 0.44%, so SPY currently pays the higher dividend yield.
Is TXNU better than SPY?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.