SPY vs XYZG
State Street SPDR S&P 500 ETF Trust vs Leverage Shares 2X Long XYZ Daily 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 | XYZG | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.78% | |
| AUM | $821.1B | $3M | |
| Dividend Yield | 1.01% | 5.39% | |
| Holdings | 505 | 6 | |
| YTD Return | +12.71% | +26.08% | |
| 1Y Return | +20.53% | -23.78% | |
| 3Y Return (annualized) | +21.60% | - | |
| 5Y Return (annualized) | +12.79% | - | |
| Volatility (annualized) | 15.3% | 56.5% | |
| Max Drawdown | -56.5% | -69.4% | |
| Fund Family | State Street Investment Management | Leverage Shares | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Apr 4, 2025 |
SPY vs XYZG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Leverage Shares 2X Long XYZ Daily ETF (XYZG) is a ETF from Leverage Shares. Over the past year SPY returned +20.53% while XYZG returned -23.78%. Year to date, SPY is up 12.71% versus a gain of 26.08% for XYZG.
Risk: Volatility and Drawdowns
XYZG has been the more volatile fund, with annualized monthly volatility of 56.5% 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 -69.4% for XYZG. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while XYZG charges 0.78%. On a $10,000 position that is $9 vs $78 annually, a gap of $69 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 5.39% for XYZG.
Holdings Overlap
SPY and XYZG 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 XYZG?
SPY has an expense ratio of 0.09% while XYZG charges 0.78%. SPY is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, SPY or XYZG?
Over the past year SPY returned +20.53% vs -23.78% for XYZG, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.80% vs +36.06% for XYZG. Past performance does not guarantee future results.
Which is riskier, SPY or XYZG?
XYZG has been the more volatile fund at 56.5% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs XYZG -69.4%.
Should I hold both SPY and XYZG?
SPY and XYZG have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and XYZG?
SPY and XYZG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SPY or XYZG?
SPY yields 1.01% while XYZG yields 5.39%, so XYZG currently pays the higher dividend yield.
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