SPY vs UDI
State Street SPDR S&P 500 ETF Trust vs USCF Dividend Income Fund
Quick Verdict
SPY has a lower expense ratio. UDI delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | UDI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.65% | |
| AUM | $821.1B | $4M | |
| Dividend Yield | 1.01% | 2.56% | |
| Holdings | 505 | 43 | |
| YTD Return | +12.22% | +17.94% | |
| 1Y Return | +20.83% | +24.88% | |
| 3Y Return (annualized) | +21.70% | +18.57% | |
| 5Y Return (annualized) | +12.98% | - | |
| Volatility (annualized) | 15.3% | 13.3% | |
| Max Drawdown | -56.5% | -14.2% | |
| Fund Family | State Street Investment Management | USCF Investments | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Jun 8, 2022 |
SPY vs UDI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and USCF Dividend Income Fund (UDI) is a ETF from USCF Investments. Over the past year SPY returned +20.83% while UDI returned +24.88%. Year to date, SPY is up 12.22% versus a gain of 17.94% for UDI.
Over three years, SPY compounded at +21.70% per year against +18.57% for UDI. Across the full 4-year window we track, UDI has the edge at +14.06% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.3% 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 -56.5% for SPY and -14.2% for UDI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 1.01% against 2.56% for UDI.
Holdings Overlap
SPY and UDI share 26 holdings out of 519 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $56 per year of difference.
Which performed better, SPY or UDI?
Over the past year SPY returned +20.83% vs +24.88% for UDI, so UDI leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.79% vs +14.06% for UDI. Past performance does not guarantee future results.
Which is riskier, SPY or UDI?
SPY has been the more volatile fund at 15.3% annualized versus 13.3% for UDI. Worst drawdown: SPY -56.5% vs UDI -14.2%.
Should I hold both SPY and UDI?
SPY and UDI have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and UDI?
SPY and UDI share 26 common holdings with a 1.8% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, SPY or UDI?
SPY yields 1.01% while UDI yields 2.56%, so UDI currently pays the higher dividend yield.
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