SPY vs XRPT
State Street SPDR S&P 500 ETF Trust vs Volatility 2x XRP ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | XRPT | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 3.13% | |
| AUM | $821.1B | $45M | |
| Dividend Yield | 1.01% | 7.09% | |
| Holdings | 505 | 3 | |
| YTD Return | +12.68% | -69.14% | |
| 1Y Return | +21.82% | -89.61% | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 109.3% | |
| Max Drawdown | -56.5% | -96.7% | |
| Fund Family | State Street Investment Management | Volatility Shares, LLC | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | May 22, 2025 |
SPY vs XRPT Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Volatility 2x XRP ETF (XRPT) is a ETF from Volatility Shares, LLC. Over the past year SPY returned +21.82% while XRPT returned -89.61%. Year to date, SPY is up 12.68% versus a loss of 69.14% for XRPT.
Risk: Volatility and Drawdowns
XRPT has been the more volatile fund, with annualized monthly volatility of 109.3% compared with 15.3% 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 -56.5% for SPY and -96.7% for XRPT. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while XRPT charges 3.13%. On a $10,000 position that is $9 vs $313 annually, a gap of $304 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 7.09% for XRPT.
Frequently Asked Questions
Which is cheaper, SPY or XRPT?
SPY has an expense ratio of 0.09% while XRPT charges 3.13%. SPY is the cheaper option. On a $10,000 investment, that is $304 per year of difference.
Which performed better, SPY or XRPT?
Over the past year SPY returned +21.82% vs -89.61% for XRPT, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.81% vs -82.22% for XRPT. Past performance does not guarantee future results.
Which is riskier, SPY or XRPT?
XRPT has been the more volatile fund at 109.3% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs XRPT -96.7%.
Should I hold both SPY and XRPT?
SPY and XRPT have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, SPY or XRPT?
SPY yields 1.01% while XRPT yields 7.09%, so XRPT currently pays the higher dividend yield.
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