SPY vs UCOP
State Street SPDR S&P 500 ETF Trust vs ProShares Ultra Copper K-1 Free ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | UCOP | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.95% | |
| AUM | $789.1B | $4M | |
| Dividend Yield | 1.01% | 0.13% | |
| Holdings | 505 | 4 | |
| YTD Return | +13.68% | +10.78% | |
| 1Y Return | +21.53% | - | |
| 3Y Return (annualized) | +21.44% | - | |
| 5Y Return (annualized) | +13.18% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -21.8% | |
| Fund Family | State Street Investment Management | ProShares | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Apr 20, 2026 |
SPY vs UCOP Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and ProShares Ultra Copper K-1 Free ETF (UCOP) is a ETF from ProShares. Year to date, SPY is up 13.68% versus a gain of 10.78% for UCOP.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -21.8% for UCOP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while UCOP charges 0.95%. On a $10,000 position that is $9 vs $95 annually, a gap of $86 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.13% for UCOP.
Frequently Asked Questions
Which is cheaper, SPY or UCOP?
SPY has an expense ratio of 0.09% while UCOP charges 0.95%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which pays a higher dividend, SPY or UCOP?
SPY yields 1.01% while UCOP yields 0.13%, so SPY currently pays the higher dividend yield.
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