SPYM vs UTF
State Street SPDR Portfolio S&P 500 ETF vs Cohen & Steers Infrastructure Fund Inc
Which is better, SPYM or UTF?
SPYM has been ahead.
SPYM has a lower expense ratio. SPYM led over 1Y, 3Y, 5Y 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 | SPYM | UTF |
|---|---|---|
| Expense Ratio | 0.02%Best | 3.42% |
| AUM | $185.2B | $3.0B |
| Dividend Yield | 1.01% | 7.58% |
| Holdings | 509 | 311 |
| YTD Return | +13.57%Best | +10.17% |
| 1Y Return | +17.53%Best | +14.56% |
| 3Y Return (annualized) | +22.46%Best | +17.54% |
| 5Y Return (annualized) | +13.29%Best | +5.94% |
| Volatility (annualized) | 14.7%Best | 18.5% |
| Max Drawdown | -34.3%Best | -53.0% |
| $10,000 over 5 years | $18,662Best | $13,344 |
| Fund Family | State Street Investment Management | Cohen & Steers Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2005 | Mar 30, 2004 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 18, 2014 to Oct 14, 2026 (12.7 years).
SPYM vs UTF 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 12.7 years both funds cover.
SPYM vs UTF Performance
State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management and Cohen & Steers Infrastructure Fund Inc (UTF) is an ETF from Cohen & Steers Funds. Over the past year SPYM returned +17.53% while UTF returned +14.56%. Year to date, SPYM is up 13.57% versus a gain of 10.17% for UTF.
Over three years, SPYM compounded at +22.46% per year against +17.54% for UTF; over five years the annualized figures are +13.29% and +5.94% respectively. Across the full 13-year window we track, SPYM has the edge at +12.62% annualized vs +4.83%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UTF has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 14.7% for SPYM. 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 -34.3% for SPYM and -53.0% for UTF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPYM charges 0.02% per year while UTF charges 3.42%. On a $10,000 position that is $2 vs $342 annually, a gap of $340 per year that compounds over a long holding period. On income, SPYM currently yields 1.01% against 7.58% for UTF.
Holdings Overlap
At least 2.7% of SPYM's money is in holdings UTF also owns.
Stated as a floor: for UTF, our book for it covers 93.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPYM and UTF share little of their money.
The two holdings books were reported 94 days apart, SPYM as of Oct 2, 2026 and UTF as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
24 positions in common, counted across the 505 positions we hold weights for in SPYM and 252 in UTF, against full books of 509 and 311.
Top Shared Holdings
| Stock | Weight in SPYM | Weight in UTF | Difference |
|---|---|---|---|
| NEENextera Energy Inc | 0.24% | 4.75% | 4.51% |
| CSXCsx Corp. | 0.13% | 3.09% | 2.96% |
| NINisource Inc. | 0.03% | 3.13% | 3.10% |
| UNPUnion Pacific Corp | 0.25% | 2.12% | 1.87% |
| DUKDuke Energy Corp | 0.13% | 2.16% | 2.03% |
| AMTAmerican Tower Corporation | 0.11% | 2.09% | 1.98% |
| LNTAlliant Energy Corp. | 0.02% | 2.10% | 2.08% |
| PPLPpl Corp (Utilities) | 0.04% | 1.72% | 1.68% |
| CCICrown Castle International Corp | 0.04% | 1.63% | 1.59% |
| SOSouthern Co. | 0.14% | 1.52% | 1.38% |
You are not choosing between two funds in isolation.
Whichever of SPYM and UTF 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, SPYM or UTF?
SPYM has an expense ratio of 0.02% while UTF charges 3.42%. SPYM is the cheaper option, by $340 a year on a $10,000 investment.
Which performed better, SPYM or UTF?
Over the past year SPYM returned +17.53% vs +14.56% for UTF, so SPYM leads on 1-year performance. Over the longest common window we track (13 years), SPYM annualized +12.62% vs +4.83% for UTF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYM or UTF?
UTF has been the more volatile fund at 18.5% annualized versus 14.7% for SPYM. Worst drawdown: SPYM -34.3% vs UTF -53.0%.
Should I hold both SPYM and UTF?
SPYM and UTF have a monthly-return correlation of 0.70, 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 SPYM and UTF?
At least 2.7% of SPYM's money is in holdings UTF also owns. Our book for UTF is partial, so the real figure is this or higher. They hold 24 positions in common, counted across the 505 positions we hold weights for in SPYM and 252 in UTF.
Which pays a higher dividend, SPYM or UTF?
SPYM yields 1.01% while UTF yields 7.58%, so UTF currently pays the higher dividend yield.
Is UTF better than SPYM?
SPYM has a lower expense ratio. SPYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.