{"url":"https://etfiq.com/compare/leverage/spuu-vs-spyq","section":"compare","title":"SPUU vs SPYQ: Leverage, Returns & Decay | ETFIQ","description":"SPUU sets out to return +2 times SPY each day and SPYQ +2 times. Over the three months to Oct 22, 2026 they finished \u22121.5 pts and \u22121.9 pts away.","as_of":"Oct 22, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SPUU or SPYQ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 22, 2026, SPUU finished 1.5 points from what its multiple implies and SPYQ finished 1.9 points from its own, so SPUU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SPUU and SPYQ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on the S&P 500, SPUU at +2 times and SPYQ at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SPUU or SPYQ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SPUU\u2019s moved at 11% annualized and SPYQ\u2019s at 11%, so SPUU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SPUU or SPYQ for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day, and daily results compound. Over a year the total is not the multiple times the year\u2019s move; after a fall and recovery it is lower."}},{"@type":"Question","name":"Which is cheaper, SPUU or SPYQ?","acceptedAnswer":{"@type":"Answer","text":"SPUU charges 0.60% a year and SPYQ charges 1.00%, so SPUU is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"SPUU vs SPYQ","item":"https://etfiq.com/compare/leverage/spuu-vs-spyq"}]},{"@type":"WebPage","name":"SPUU vs SPYQ: Leverage, Returns & Decay","description":"SPUU sets out to return +2 times SPY each day and SPYQ +2 times. Over the three months to Oct 22, 2026 they finished \u22121.5 pts and \u22121.9 pts away.","url":"https://etfiq.com/compare/leverage/spuu-vs-spyq","dateModified":"2026-10-22","abstract":"Over the days both have traded, SPUU finished 1.5 points from its stated multiple and SPYQ 1.9.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SPUU and SPYQ","description":"SPUU sets out to return +2 times SPY each day and SPYQ +2 times. Over the three months to Oct 22, 2026 they finished \u22121.5 pts and \u22121.9 pts away.","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/spuu-vs-spyq","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7527,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SPUU vs SPYQ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 22, 2026 .\n\n SPUU vs SPYQ: Leverage, Returns & Decay\n\n Over the days both have traded, SPUU finished 1.5 points from its stated multiple and SPYQ 1.9.\n Copy this for sharing \n \n SPUU costs 0.40 points a year less; their one-year returns differ by 2.6 points; SPUU is far larger, $307m against $13m.\n SPUU and SPYQ at a glance. As of Oct 22, 2026. Source: ETFIQ. SPUU SPYQ \n Expense ratio 0.60% 1.00% \n Net assets $307m $13m \n Total return, 1 year +25.1% +22.5% \n What it tracks S&P 500 S&","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, SPUU against SPYQ, data as of Oct 22, 2026. https://etfiq.com/compare/leverage/spuu-vs-spyq","a":{"ticker":"SPUU","name":"Direxion Daily S&P 500 Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-10-22","verdict":"Over the three months to Oct 22, 2026, SPUU returned 5.9%, against 7.3% for twice SPY's daily moves.","url":"https://etfiq.com/funds/spuu","key_facts":[{"label":"What SPY did","value":"+3.7%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What 2 times a day gives","value":"+7.3%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"+5.9%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22121.4 pts","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"1.6%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Sep 22, 2026","value":"$0.2612","as_of":"2026-09-22","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$307m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.60%","as_of":"2026-03-03","source":"497 XBRL, Mar 3, 2026"}]},"b":{"ticker":"SPYQ","name":"Tradr 2X Long SPY Quarterly ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-10-22","verdict":"Over the three months to Oct 22, 2026, SPYQ returned 5.5%, against 7.3% for twice SPY's daily moves.","url":"https://etfiq.com/funds/spyq","key_facts":[{"label":"What SPY did","value":"+3.7%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What 2 times a day gives","value":"+7.3%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"+5.5%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22121.8 pts","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.2%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 23, 2025","value":"$0.2711","as_of":"2025-12-23","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$13m","as_of":"2026-10-22","source":"the issuer\u2019s own daily fund list, as of Oct 22, 2026"},{"label":"Expense ratio","value":"1.00%","as_of":"2026-08-05","source":"497 XBRL, Aug 5, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/spuu-vs-spyq"}