SPY vs UPSG
State Street SPDR S&P 500 ETF Trust vs Leverage Shares 2X Long UPS Daily ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | UPSG | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.75% | |
| AUM | $789.1B | $540,294.3 | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 5 | |
| YTD Return | +13.68% | +3.71% | |
| 1Y Return | +21.53% | - | |
| 3Y Return (annualized) | +21.44% | - | |
| 5Y Return (annualized) | +13.18% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -37.3% | |
| Fund Family | State Street Investment Management | Leverage Shares | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Dec 11, 2025 |
SPY vs UPSG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Leverage Shares 2X Long UPS Daily ETF (UPSG) is a ETF from Leverage Shares. Year to date, SPY is up 13.68% versus a gain of 3.71% for UPSG.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -37.3% for UPSG. 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 UPSG charges 0.75%. On a $10,000 position that is $9 vs $75 annually, a gap of $66 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for UPSG.
Holdings Overlap
SPY and UPSG share 0 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or UPSG?
SPY has an expense ratio of 0.09% while UPSG charges 0.75%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
What is the holdings overlap between SPY and UPSG?
SPY and UPSG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, SPY or UPSG?
SPY yields 1.01% while UPSG yields 0.00%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.