SPY vs TXNU
State Street SPDR S&P 500 ETF Trust vs Direxion Daily TXN Bull 2X ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | TXNU | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.97% | |
| AUM | $821.1B | $4M | |
| Dividend Yield | 1.01% | 0.38% | |
| Holdings | 505 | 10 | |
| YTD Return | +13.21% | +50.27% | |
| 1Y Return | +19.87% | - | |
| 3Y Return (annualized) | +21.16% | - | |
| 5Y Return (annualized) | +12.74% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -42.7% | |
| Fund Family | State Street Investment Management | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Mar 25, 2026 |
SPY vs TXNU Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Direxion Daily TXN Bull 2X ETF (TXNU) is a ETF from Direxion Shares ETF Trust. Year to date, SPY is up 13.21% versus a gain of 50.27% for TXNU.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -42.7% for TXNU. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 1.01% against 0.38% for TXNU.
Holdings Overlap
SPY and TXNU share 1 holdings out of 508 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TXNU | Difference |
|---|---|---|---|
| TXN | 0.39% | 8.98% | 8.59% |
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. On a $10,000 investment, that is $88 per year of difference.
What is the holdings overlap between SPY and TXNU?
SPY and TXNU share 1 common holdings with a 0.4% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, SPY or TXNU?
SPY yields 1.01% while TXNU yields 0.38%, so SPY currently pays the higher dividend yield.
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