SPY vs USAX
State Street SPDR S&P 500 ETF Trust vs Tradr 2X Long USAR Daily ETF
Which is better, SPY or USAX?
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 | USAX |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.49% |
| AUM | $777.9B | $4M |
| Dividend Yield | 1.00% | 0.00% |
| Holdings | 1,011 | 12 |
| YTD Return | +8.47%Best | -90.61% |
| 1Y Return | +10.88% | - |
| 3Y Return (annualized) | +20.41% | - |
| 5Y Return (annualized) | +10.90% | - |
| Fund Family | State Street Investment Management | Tradr ETFs |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | Jan 22, 1993 | Jan 12, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs USAX 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 USAX Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Tradr 2X Long USAR Daily ETF (USAX) is an ETF from Tradr ETFs. Year to date, SPY is up 8.47% versus a loss of 90.61% for USAX.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while USAX charges 1.49%. On a $10,000 position that is $9 vs $149 annually, a gap of $140 per year that compounds over a long holding period. On income, SPY currently yields 1.00% against 0.00% for USAX.
You are not choosing between two funds in isolation.
Whichever of SPY and USAX 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 USAX?
SPY has an expense ratio of 0.09% while USAX charges 1.49%. SPY is the cheaper option, by $140 a year on a $10,000 investment.
Which pays a higher dividend, SPY or USAX?
SPY yields 1.00% while USAX yields 0.00%, so SPY currently pays the higher dividend yield.
Is USAX 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.