SPY vs XOVL
State Street SPDR S&P 500 ETF Trust vs Defiance Daily Target 2X Long XOVR ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | XOVL | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.31% | |
| AUM | $821.1B | $6M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 8 | |
| YTD Return | +12.68% | +0.95% | |
| 1Y Return | +21.82% | - | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -27.2% | |
| Fund Family | State Street Investment Management | Defiance ETFs, LLC | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | May 4, 2026 |
SPY vs XOVL Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Defiance Daily Target 2X Long XOVR ETF (XOVL) is a ETF from Defiance ETFs, LLC. Year to date, SPY is up 12.68% versus a gain of 0.95% for XOVL.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -27.2% for XOVL. 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 XOVL charges 1.31%. On a $10,000 position that is $9 vs $131 annually, a gap of $122 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for XOVL.
Holdings Overlap
SPY and XOVL share 0 holdings out of 505 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 XOVL?
SPY has an expense ratio of 0.09% while XOVL charges 1.31%. SPY is the cheaper option. On a $10,000 investment, that is $122 per year of difference.
What is the holdings overlap between SPY and XOVL?
SPY and XOVL share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SPY or XOVL?
SPY yields 1.01% while XOVL yields 0.00%, so SPY currently pays the higher dividend yield.
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