SPY vs UCRD
State Street SPDR S&P 500 ETF Trust vs VictoryShares Corporate Bond ETF
Which is better, SPY or UCRD?
Large Cap Blend against Long Term High Quality.
SPY has a lower expense ratio. SPY 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 | SPY | UCRD |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.40% |
| AUM | $804.7B | $148M |
| Dividend Yield | 0.98% | 4.34% |
| Holdings | 505 | 499 |
| YTD Return | +11.45%Best | -1.36% |
| 1Y Return | +15.87%Best | -1.24% |
| 3Y Return (annualized) | +20.93%Best | +5.24% |
| 5Y Return (annualized) | +12.59%Best | -0.17% |
| Volatility (annualized) | 15.6% | 8.4%Best |
| Max Drawdown | -24.5% | -22.1%Best |
| $10,000 over 5 years | $18,093Best | $9,915 |
| Fund Family | State Street Investment Management | Victory Capital Management Inc. |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Long Term High Quality |
| Inception | Jan 22, 1993 | Oct 4, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 5, 2021 to Sep 15, 2026 (4.9 years).
SPY vs UCRD 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 4.9 years both funds cover.
SPY vs UCRD Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and VictoryShares Corporate Bond ETF (UCRD) is an ETF from Victory Capital Management Inc.. Over the past year SPY returned +15.87% while UCRD returned -1.24%. Year to date, SPY is up 11.45% versus a loss of 1.36% for UCRD.
Over three years, SPY compounded at +20.93% per year against +5.24% for UCRD; over five years the annualized figures are +12.59% and -0.17% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 8.4% for UCRD. 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 -24.5% for SPY and -22.1% for UCRD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while UCRD charges 0.40%. On a $10,000 position that is $9 vs $40 annually, a gap of $31 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 4.34% for UCRD.
Holdings Overlap
At least 0.1% of SPY's money is in holdings UCRD also owns.
Stated as a floor: for UCRD, our book for it covers 76.0% 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.
1 positions in common, counted across the 504 positions we hold weights for in SPY and 355 in UCRD, against full books of 505 and 499.
Top Shared Holdings
| Stock | Weight in SPY | Weight in UCRD | Difference |
|---|---|---|---|
| KDPKEURig Dr Pepper Inc Company Guar 04/29 3.95 | 0.07% | 0.17% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of SPY and UCRD 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 UCRD?
SPY has an expense ratio of 0.09% while UCRD charges 0.40%. SPY is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, SPY or UCRD?
Over the past year SPY returned +15.87% vs -1.24% for UCRD, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or UCRD?
SPY has been the more volatile fund at 15.6% annualized versus 8.4% for UCRD. Worst drawdown: SPY -24.5% vs UCRD -22.1%.
Should I hold both SPY and UCRD?
SPY and UCRD have a monthly-return correlation of 0.69, 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 UCRD?
SPY yields 0.98% while UCRD yields 4.34%, so UCRD currently pays the higher dividend yield.
Is UCRD better than SPY?
SPY has a lower expense ratio. SPY 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.