SPY vs WULX
State Street SPDR S&P 500 ETF Trust vs Tradr 2X Long WULF Daily ETF
Which is better, SPY or WULX?
Large Cap Blend against Trading-Leveraged Equity.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
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 | WULX |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.30% |
| AUM | $777.9B | $21M |
| Dividend Yield | 1.00% | 0.00% |
| Holdings | 1,011 | 8 |
| YTD Return | +8.47%Best | -68.55% |
| 1Y Return | +10.88%Best | -79.33% |
| 3Y Return (annualized) | +20.41% | - |
| 5Y Return (annualized) | +10.90% | - |
| Volatility (annualized) | 13.2%Best | 155.9% |
| Max Drawdown | -8.9%Best | -92.3% |
| $10,000 over 1 years | $11,023Best | $2,524 |
| Fund Family | State Street Investment Management | Tradr ETFs |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Trading-Leveraged Equity |
| Inception | Jan 22, 1993 | Oct 22, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 23, 2025 to Nov 6, 2026 (1 years).
SPY vs WULX 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 1 years both funds cover.
SPY vs WULX Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Tradr 2X Long WULF Daily ETF (WULX) is an ETF from Tradr ETFs. Over the past year SPY returned +10.88% while WULX returned -79.33%. Year to date, SPY is up 8.47% versus a loss of 68.55% for WULX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WULX has been the more volatile fund, with annualized monthly volatility of 155.9% compared with 13.2% 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 -8.9% for SPY and -92.3% for WULX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while WULX charges 1.30%. On a $10,000 position that is $9 vs $130 annually, a gap of $121 per year that compounds over a long holding period. On income, SPY currently yields 1.00% against 0.00% for WULX.
You are not choosing between two funds in isolation.
Whichever of SPY and WULX 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 WULX?
SPY has an expense ratio of 0.09% while WULX charges 1.30%. SPY is the cheaper option, by $121 a year on a $10,000 investment.
Which performed better, SPY or WULX?
Over the past year SPY returned +10.88% vs -79.33% for WULX, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +10.23% vs -74.76% for WULX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WULX?
WULX has been the more volatile fund at 155.9% annualized versus 13.2% for SPY. Worst drawdown: SPY -8.9% vs WULX -92.3%.
Should I hold both SPY and WULX?
SPY and WULX have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or WULX?
SPY yields 1.00% while WULX yields 0.00%, so SPY currently pays the higher dividend yield.
Is WULX better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.