SPY vs UBRL
State Street SPDR S&P 500 ETF Trust vs GraniteShares 2x Long UBER Daily ETF
Which is better, SPY or UBRL?
Large Cap Blend against Leverage Strategy.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | UBRL |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.15% |
| AUM | $814.4B | $24M |
| Dividend Yield | 1.01% | 15.83% |
| Holdings | 505 | 2 |
| YTD Return | +12.71%Best | -32.51% |
| 1Y Return | +19.36%Best | -50.82% |
| 3Y Return (annualized) | +21.09% | - |
| 5Y Return (annualized) | +12.69% | - |
| Volatility (annualized) | 12.6%Best | 49.8% |
| Max Drawdown | -18.8%Best | -62.8% |
| $10,000 over 2 years | $14,209Best | $6,589 |
| Fund Family | State Street Investment Management | GraniteShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Leverage Strategy |
| Inception | Jan 22, 1993 | Sep 3, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 4, 2024 to Sep 8, 2026 (2 years).
SPY vs UBRL 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 covers the 2 years both funds cover.
SPY vs UBRL Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and GraniteShares 2x Long UBER Daily ETF (UBRL) is an ETF from GraniteShares. Over the past year SPY returned +19.36% while UBRL returned -50.82%. Year to date, SPY is up 12.71% versus a loss of 32.51% for UBRL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UBRL has been the more volatile fund, with annualized monthly volatility of 49.8% compared with 12.6% 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 -18.8% for SPY and -62.8% for UBRL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while UBRL charges 1.15%. On a $10,000 position that is $9 vs $115 annually, a gap of $106 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 15.83% for UBRL.
Holdings Overlap
At least 0.2% of SPY's money is in holdings UBRL also owns.
Stated as a floor: for UBRL, our book for it covers 66.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 503 positions we hold weights for in SPY and 1 in UBRL, against full books of 505 and 2.
Top Shared Holdings
| Stock | Weight in SPY | Weight in UBRL | Difference |
|---|---|---|---|
| UBERUber Technologies Inc | 0.22% | 66.67% | 66.45% |
You are not choosing between two funds in isolation.
Whichever of SPY and UBRL 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 UBRL?
SPY has an expense ratio of 0.09% while UBRL charges 1.15%. SPY is the cheaper option, by $106 a year on a $10,000 investment.
Which performed better, SPY or UBRL?
Over the past year SPY returned +19.36% vs -50.82% for UBRL, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +19.20% vs -18.83% for UBRL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or UBRL?
UBRL has been the more volatile fund at 49.8% annualized versus 12.6% for SPY. Worst drawdown: SPY -18.8% vs UBRL -62.8%.
Should I hold both SPY and UBRL?
SPY and UBRL have a monthly-return correlation of 0.34, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or UBRL?
SPY yields 1.01% while UBRL yields 15.83%, so UBRL currently pays the higher dividend yield.
Is UBRL better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.