SPY vs WEBL
State Street SPDR S&P 500 ETF Trust vs Direxion Daily Dow Jones Internet Bull 3X ETF
Which is better, SPY or WEBL?
Large Cap Blend against Trading-Leveraged Equity.
SPY has a lower expense ratio. SPY led over 1Y, 5Y and the full window, WEBL over 3Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 74.8%.
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 | WEBL |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.96% |
| AUM | $804.7B | $95M |
| Dividend Yield | 0.98% | 0.15% |
| Holdings | 505 | 47 |
| YTD Return | +12.22%Best | +12.15% |
| 1Y Return | +16.97%Best | -13.33% |
| 3Y Return (annualized) | +21.16% | +36.58%Best |
| 5Y Return (annualized) | +13.00%Best | -19.51% |
| Volatility (annualized) | 16.8%Best | 72.6% |
| Max Drawdown | -34.1%Best | -94.4% |
| $10,000 over 5 years | $18,424Best | $3,378 |
| Top 10 Weight | 37.8%Best | 74.8% |
| Fund Family | State Street Investment Management | Direxion Shares ETF Trust |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | Jan 22, 1993 | Nov 7, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Sep 17, 2026 (6.9 years).
SPY vs WEBL 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 6.9 years both funds cover.
SPY vs WEBL Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Direxion Daily Dow Jones Internet Bull 3X ETF (WEBL) is an ETF from Direxion Shares ETF Trust. Over the past year SPY returned +16.97% while WEBL returned -13.33%. Year to date, SPY is up 12.22% versus a gain of 12.15% for WEBL.
Over three years, SPY compounded at +21.16% per year against +36.58% for WEBL; over five years the annualized figures are +13.00% and -19.51% respectively. Across the full 7-year window we track, SPY has the edge at +15.36% annualized vs +3.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WEBL has been the more volatile fund, with annualized monthly volatility of 72.6% compared with 16.8% 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 -34.1% for SPY and -94.4% for WEBL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while WEBL charges 0.96%. On a $10,000 position that is $9 vs $96 annually, a gap of $87 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.15% for WEBL.
Holdings Overlap
14.4% of SPY's money is in holdings WEBL also owns. 51.6% of WEBL's money is in holdings SPY also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 504 positions we hold weights for in SPY and 43 in WEBL, against full books of 505 and 47.
What only one of them owns
Measured across the 504 and 43 positions we hold weights for.
SPY holds 473 positions WEBL does not, 84.9% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, MSFT 5.66%, AVGO 2.66%, MU 1.60%
Top Shared Holdings
| Stock | Weight in SPY | Weight in WEBL | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 3.79% | 6.11% | 2.32% |
| METAMeta Platforms Inc | 1.93% | 5.78% | 3.85% |
| GOOGLAlphabet Inc,class A | 2.99% | 2.98% | 0.01% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 4.57% | 3.91% |
| GOOGAlphabet Inc | 2.39% | 2.38% | 0.01% |
| CRMSalesforce Inc Crm Us Equity | 0.32% | 3.88% | 3.56% |
| ANETArista Networks Inc. | 0.30% | 3.20% | 2.90% |
| BKNGBooking Holdings, Inc. | 0.23% | 3.13% | 2.90% |
| NFLXNetflix, Inc. | 0.52% | 2.53% | 2.01% |
| ORCLOracle Corp - Common | 0.36% | 2.54% | 2.18% |
51.6% of WEBL is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, SPY or WEBL?
SPY has an expense ratio of 0.09% while WEBL charges 0.96%. SPY is the cheaper option, by $87 a year on a $10,000 investment.
Which performed better, SPY or WEBL?
Over the past year SPY returned +16.97% vs -13.33% for WEBL, so SPY leads on 1-year performance. Over the longest common window we track (7 years), SPY annualized +15.36% vs +3.38% for WEBL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WEBL?
WEBL has been the more volatile fund at 72.6% annualized versus 16.8% for SPY. Worst drawdown: SPY -34.1% vs WEBL -94.4%.
Should I hold both SPY and WEBL?
SPY and WEBL have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and WEBL?
51.6% of WEBL's money is in holdings SPY also owns. 51.6% of WEBL's is in holdings SPY also owns. They hold 24 positions in common, counted across the 504 positions we hold weights for in SPY and 43 in WEBL.
Which pays a higher dividend, SPY or WEBL?
SPY yields 0.98% while WEBL yields 0.15%, so SPY currently pays the higher dividend yield.
Is WEBL better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 5Y and the full window, WEBL over 3Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 74.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.