HPEL vs SPY
Leverage Shares 2X Long HPE Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HPEL or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio.
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 | HPEL | SPY |
|---|---|---|
| Expense Ratio | 0.99% | 0.09%Best |
| AUM | $19M | $823.2B |
| Dividend Yield | 0.00% | 0.99% |
| Holdings | 10 | 1,515 |
| YTD Return | +38.71%Best | +13.53% |
| 1Y Return | - | +17.47% |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Fund Family | Leverage Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Jun 23, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
HPEL vs SPY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HPEL vs SPY Performance
Leverage Shares 2X Long HPE Daily ETF (HPEL) is an ETF from Leverage Shares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, HPEL is up 38.71% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
HPEL charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, HPEL currently yields 0.00% against 0.99% for SPY.
You are not choosing between two funds in isolation.
Whichever of HPEL and SPY 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, HPEL or SPY?
HPEL has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option, by $90 a year on a $10,000 investment.
Which pays a higher dividend, HPEL or SPY?
HPEL yields 0.00% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than HPEL?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.