SPY vs UNIY
State Street SPDR S&P 500 ETF Trust vs WisdomTree Voya Yield Enhanced USD Universal Bond Fund
Which is better, SPY or UNIY?
Large Cap Blend against High Yield Bond.
SPY has a lower expense ratio. SPY led over 1Y, 3Y 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 | SPY | UNIY |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.15% |
| AUM | $823.2B | $1.3B |
| Dividend Yield | 0.99% | 5.06% |
| Holdings | 1,515 | 6,627 |
| YTD Return | +13.53%Best | -2.08% |
| 1Y Return | +17.47%Best | -1.93% |
| 3Y Return (annualized) | +22.36%Best | +4.82% |
| 5Y Return (annualized) | +13.21% | - |
| Volatility (annualized) | 12.2% | 5.3%Best |
| Max Drawdown | -18.8% | -6.3%Best |
| $10,000 over 3.7 years | $19,493Best | $11,128 |
| Fund Family | State Street Investment Management | WisdomTree Investments |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | High Yield Bond |
| Inception | Jan 22, 1993 | Feb 7, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 7, 2023 to Oct 14, 2026 (3.7 years).
SPY vs UNIY 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 3.7 years both funds cover.
SPY vs UNIY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) is an ETF from WisdomTree Investments. Over the past year SPY returned +17.47% while UNIY returned -1.93%. Year to date, SPY is up 13.53% versus a loss of 2.08% for UNIY.
Over three years, SPY compounded at +22.36% per year against +4.82% for UNIY. Across the full 4-year window we track, SPY has the edge at +19.77% annualized vs +2.93%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 5.3% for UNIY. 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 -18.8% for SPY and -6.3% for UNIY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while UNIY charges 0.15%. On a $10,000 position that is $9 vs $15 annually, a gap of $6 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 5.06% for UNIY.
Holdings Overlap
At least 1.0% of SPY's money is in holdings UNIY also owns.
Stated as a floor: for UNIY, our book for it covers 64.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
7 positions in common, counted across the 504 positions we hold weights for in SPY and 5,275 in UNIY, against full books of 1,515 and 6,627.
Top Shared Holdings
| Stock | Weight in SPY | Weight in UNIY | Difference |
|---|---|---|---|
| LRCXLam Research Corp | 0.52% | 0.00% | 0.52% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 0.13% | 0.05% | 0.08% |
| AONAon Plc-Class A | 0.10% | 0.00% | 0.10% |
| KDPGreen Mountain Coffee Inc | 0.07% | 0.01% | 0.06% |
| PRUPrudential Financial Inc. | 0.06% | 0.01% | 0.05% |
| ADMArcher-Daniels-Midland Co. | 0.06% | 0.00% | 0.06% |
| HUBBHubbell Inc. | 0.04% | 0.01% | 0.03% |
You are not choosing between two funds in isolation.
Whichever of SPY and UNIY 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, SPY or UNIY?
SPY has an expense ratio of 0.09% while UNIY charges 0.15%. SPY is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SPY or UNIY?
Over the past year SPY returned +17.47% vs -1.93% for UNIY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +19.77% vs +2.93% for UNIY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or UNIY?
SPY has been the more volatile fund at 12.2% annualized versus 5.3% for UNIY. Worst drawdown: SPY -18.8% vs UNIY -6.3%.
Should I hold both SPY and UNIY?
SPY and UNIY have a monthly-return correlation of 0.55, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or UNIY?
SPY yields 0.99% while UNIY yields 5.06%, so UNIY currently pays the higher dividend yield.
Is UNIY better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.