SPY vs VALG
State Street SPDR S&P 500 ETF Trust vs Leverage Shares 2X Long VALE Daily ETF
Which is better, SPY or VALG?
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 | VALG |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.75% |
| AUM | $823.2B | $210,876.2 |
| Dividend Yield | 0.99% | 0.00% |
| Holdings | 1,515 | 10 |
| Fund Family | State Street Investment Management | Leverage Shares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | Jan 22, 1993 | Dec 18, 2025 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
The two price series end 14 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. SPY has data through Nov 2, 2026 and VALG through Oct 19, 2026.
Fees and Cost Over Time
SPY charges 0.09% per year while VALG 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 0.99% against 0.00% for VALG.
You are not choosing between two funds in isolation.
Whichever of SPY and VALG 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 VALG?
SPY has an expense ratio of 0.09% while VALG charges 0.75%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which pays a higher dividend, SPY or VALG?
SPY yields 0.99% while VALG yields 0.00%, so SPY currently pays the higher dividend yield.
Is VALG 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.