SPY vs UNHU
State Street SPDR S&P 500 ETF Trust vs Direxion Daily UNH Bull 2X ETF
Which is better, SPY or UNHU?
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 | UNHU |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.97% |
| AUM | $811.2B | $3M |
| Dividend Yield | 0.98% | 0.52% |
| Holdings | 1,515 | 17 |
| YTD Return | +14.66% | +77.81%Best |
| 1Y Return | +17.41% | - |
| 3Y Return (annualized) | +23.12% | - |
| 5Y Return (annualized) | +13.63% | - |
| 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 UNHU 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 UNHU Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Direxion Daily UNH Bull 2X ETF (UNHU) is an ETF from Direxion Shares ETF Trust. Year to date, SPY is up 14.66% versus a gain of 77.81% for UNHU.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while UNHU 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 0.52% for UNHU.
Holdings Overlap
At least 0.5% of SPY's money is in holdings UNHU also owns.
Only one direction is shown: for UNHU, our book for it lists positions totalling 112.1% 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 3 in UNHU, against full books of 1,515 and 17.
Top Shared Holdings
| Stock | Weight in SPY | Weight in UNHU | Difference |
|---|---|---|---|
| UNHUnitedhealth Group Incorporated | 0.53% | 18.85% | 18.32% |
You are not choosing between two funds in isolation.
Whichever of SPY and UNHU 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 UNHU?
SPY has an expense ratio of 0.09% while UNHU charges 0.97%. SPY is the cheaper option, by $88 a year on a $10,000 investment.
Which pays a higher dividend, SPY or UNHU?
SPY yields 0.98% while UNHU yields 0.52%, so SPY currently pays the higher dividend yield.
Is UNHU 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.