SPY vs UDI
State Street SPDR S&P 500 ETF Trust vs USCF Dividend Income Fund
Which is better, SPY or UDI?
Each has led over a different period.
SPY has a lower expense ratio. SPY led over 3Y and the full window, UDI over 1Y. UDI is less concentrated, with 33.2% of the fund in its ten largest positions against 38.0%.
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 | UDI |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.65% |
| AUM | $804.7B | $4M |
| Dividend Yield | 0.98% | 2.56% |
| Holdings | 505 | 43 |
| YTD Return | +11.52% | +16.44%Best |
| 1Y Return | +17.48% | +22.50%Best |
| 3Y Return (annualized) | +20.62%Best | +18.37% |
| 5Y Return (annualized) | +12.73% | - |
| Volatility (annualized) | 14.7% | 13.2%Best |
| Max Drawdown | -18.8% | -14.2%Best |
| $10,000 over 4.3 years | $19,657Best | $17,244 |
| Top 10 Weight | 38.0% | 33.2%Best |
| Fund Family | State Street Investment Management | USCF Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Jun 8, 2022 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jun 8, 2022 to Sep 10, 2026 (4.3 years).
SPY vs UDI 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 4.3 years both funds cover.
SPY vs UDI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and USCF Dividend Income Fund (UDI) is an ETF from USCF Investments. Over the past year SPY returned +17.48% while UDI returned +22.50%. Year to date, SPY is up 11.52% versus a gain of 16.44% for UDI.
Over three years, SPY compounded at +20.62% per year against +18.37% for UDI. Across the full 4-year window we track, SPY has the edge at +17.02% annualized vs +13.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 13.2% for UDI. 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 -14.2% for UDI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while UDI charges 0.65%. On a $10,000 position that is $9 vs $65 annually, a gap of $56 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 2.56% for UDI.
Holdings Overlap
6.7% of SPY's money is in holdings UDI also owns. 68.1% of UDI's money is in holdings SPY also owns.
The two portfolios partly overlap.
27 positions in common, counted across the 504 positions we hold weights for in SPY and 42 in UDI, against full books of 505 and 43.
What only one of them owns
Our book lists 10 positions for UDI that do not appear in our book for SPY (18.5% of the fund), and 467 for SPY that do not appear in UDI (92.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPY | Weight in UDI | Difference |
|---|---|---|---|
| JNJJohnson & Johnson | 0.92% | 3.65% | 2.73% |
| COPConocophillips Co | 0.22% | 3.95% | 3.73% |
| PSXPhillips 66 | 0.12% | 3.92% | 3.80% |
| ABBVAbbvie Inc. | 0.65% | 3.24% | 2.59% |
| MDTMedtronic Plc Ordinary Shares | 0.17% | 3.39% | 3.22% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.72% | 2.55% | 1.83% |
| VZVerizon Communications, Inc. | 0.29% | 2.86% | 2.57% |
| STTState Street Corp. | 0.08% | 2.95% | 2.87% |
| CCitigroup Inc. | 0.35% | 2.64% | 2.29% |
| MTBM&t Bank Corp. | 0.06% | 2.79% | 2.73% |
68.1% of UDI is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or UDI?
SPY has an expense ratio of 0.09% while UDI charges 0.65%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, SPY or UDI?
Over the past year SPY returned +17.48% vs +22.50% for UDI, so UDI leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +17.02% vs +13.51% for UDI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or UDI?
SPY has been the more volatile fund at 14.7% annualized versus 13.2% for UDI. Worst drawdown: SPY -18.8% vs UDI -14.2%.
Should I hold both SPY and UDI?
SPY and UDI have a monthly-return correlation of 0.73, 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 SPY and UDI?
68.1% of UDI's money is in holdings SPY also owns. 68.1% of UDI's is in holdings SPY also owns. They hold 27 positions in common, counted across the 504 positions we hold weights for in SPY and 42 in UDI.
Which pays a higher dividend, SPY or UDI?
SPY yields 0.98% while UDI yields 2.56%, so UDI currently pays the higher dividend yield.
Is UDI better than SPY?
SPY has a lower expense ratio. SPY led over 3Y and the full window, UDI over 1Y. UDI is less concentrated, with 33.2% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.