METU vs SPXX
Direxion Daily META Bull 2X ETF vs Nuveen S&P 500 Dynamic Overwrite Fund
Which is better, METU or SPXX?
SPXX has been ahead.
SPXX has a lower expense ratio. SPXX 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 | METU | SPXX |
|---|---|---|
| Expense Ratio | 1.02% | 0.91%Best |
| AUM | $506M | $2.8B |
| Dividend Yield | 2.70% | 7.40% |
| Holdings | 20 | 553 |
| YTD Return | +2.47% | +10.94%Best |
| 1Y Return | -19.97% | +17.85%Best |
| 3Y Return (annualized) | - | +17.22% |
| 5Y Return (annualized) | - | +9.17% |
| Volatility (annualized) | 70.0% | 12.1%Best |
| Max Drawdown | -63.9% | -17.6%Best |
| $10,000 over 2.4 years | $12,420 | $14,403Best |
| Fund Family | Direxion Shares ETF Trust | Nuveen |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 5, 2024 | Nov 22, 2005 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Jun 5, 2024 to Oct 15, 2026 (2.4 years).
METU vs SPXX 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 2.4 years both funds cover.
METU vs SPXX Performance
Direxion Daily META Bull 2X ETF (METU) is an ETF from Direxion Shares ETF Trust and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) is an ETF from Nuveen. Over the past year METU returned -19.97% while SPXX returned +17.85%. Year to date, METU is up 2.47% versus a gain of 10.94% for SPXX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
METU has been the more volatile fund, with annualized monthly volatility of 70.0% compared with 12.1% for SPXX. 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 -63.9% for METU and -17.6% for SPXX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
METU charges 1.02% per year while SPXX charges 0.91%. On a $10,000 position that is $102 vs $91 annually, a gap of $11 per year that compounds over a long holding period. On income, METU currently yields 2.70% against 7.40% for SPXX.
Holdings Overlap
At least 1.8% of SPXX's money is in holdings METU also owns.
Stated as a floor: for METU, our book for it covers 87.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPXX and METU share little of their money.
The two holdings books were reported 66 days apart, METU as of Oct 5, 2026 and SPXX as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 4 positions we hold weights for in METU and 546 in SPXX, against full books of 20 and 553.
Top Shared Holdings
| Stock | Weight in METU | Weight in SPXX | Difference |
|---|---|---|---|
| METAMeta Platforms Inc | 17.27% | 1.75% | 15.52% |
You are not choosing between two funds in isolation.
Whichever of METU and SPXX 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, METU or SPXX?
METU has an expense ratio of 1.02% while SPXX charges 0.91%. SPXX is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, METU or SPXX?
Over the past year METU returned -19.97% vs +17.85% for SPXX, so SPXX leads on 1-year performance. Over the longest common window we track (2 years), METU annualized +9.45% vs +16.42% for SPXX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, METU or SPXX?
METU has been the more volatile fund at 70.0% annualized versus 12.1% for SPXX. Worst drawdown: METU -63.9% vs SPXX -17.6%.
Should I hold both METU and SPXX?
METU and SPXX have a monthly-return correlation of 0.36, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between METU and SPXX?
At least 1.8% of SPXX's money is in holdings METU also owns. Our book for METU is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 4 positions we hold weights for in METU and 546 in SPXX.
Which pays a higher dividend, METU or SPXX?
METU yields 2.70% while SPXX yields 7.40%, so SPXX currently pays the higher dividend yield.
Is SPXX better than METU?
SPXX has a lower expense ratio. SPXX 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.