SPY vs UFOX
State Street SPDR S&P 500 ETF Trust vs Defiance Space and Connective Tech ETF
Which is better, SPY or UFOX?
UFOX has been ahead.
SPY has a lower expense ratio. UFOX led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 38.4%.
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 | UFOX |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.30% |
| AUM | $804.7B | $838M |
| Dividend Yield | 0.98% | 0.47% |
| Holdings | 505 | 60 |
| YTD Return | +12.09% | +30.15%Best |
| 1Y Return | +16.29% | +36.37%Best |
| 3Y Return (annualized) | +21.20% | - |
| 5Y Return (annualized) | +13.37% | - |
| Volatility (annualized) | 12.2%Best | 29.7% |
| Max Drawdown | -18.8%Best | -28.7% |
| $10,000 over 2.2 years | $13,856 | $19,526Best |
| Top 10 Weight | 37.8%Best | 38.4% |
| Fund Family | State Street Investment Management | Defiance ETFs, LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Mar 4, 2019 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 16, 2024 to Sep 18, 2026 (2.2 years).
SPY vs UFOX 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 2.2 years both funds cover.
SPY vs UFOX Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Defiance Space and Connective Tech ETF (UFOX) is an ETF from Defiance ETFs, LLC. Over the past year SPY returned +16.29% while UFOX returned +36.37%. Year to date, SPY is up 12.09% versus a gain of 30.15% for UFOX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UFOX has been the more volatile fund, with annualized monthly volatility of 29.7% compared with 12.2% for SPY. 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 -28.7% for UFOX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while UFOX charges 0.30%. On a $10,000 position that is $9 vs $30 annually, a gap of $21 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.47% for UFOX.
Holdings Overlap
21.4% of SPY's money is in holdings UFOX also owns. 49.1% of UFOX's money is in holdings SPY also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 504 positions we hold weights for in SPY and 59 in UFOX, against full books of 505 and 60.
What only one of them owns
Our book lists 32 positions for UFOX that do not appear in our book for SPY (43.6% of the fund), and 474 for SPY that do not appear in UFOX (77.9%).
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 UFOX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.01% | 4.78% | 3.23% |
| AAPLApple, Inc | 7.26% | 4.89% | 2.37% |
| AVGOBroadcom Inc | 2.66% | 4.37% | 1.71% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 3.68% | 3.02% |
| MRVLMarvell Technology Group Ltd. | 0.28% | 3.15% | 2.87% |
| ANETArista Networks Inc. | 0.30% | 2.53% | 2.23% |
| ORCLOracle Corp - Common | 0.36% | 2.41% | 2.05% |
| QCOMQualcomm Inc. | 0.27% | 2.15% | 1.88% |
| DDOGDatadog Inc | 0.11% | 2.22% | 2.11% |
| NTAPNetapp Inc | 0.06% | 2.05% | 1.99% |
49.1% of UFOX 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.
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Frequently Asked Questions
Which is cheaper, SPY or UFOX?
SPY has an expense ratio of 0.09% while UFOX charges 0.30%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, SPY or UFOX?
Over the past year SPY returned +16.29% vs +36.37% for UFOX, so UFOX leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +15.98% vs +35.55% for UFOX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or UFOX?
UFOX has been the more volatile fund at 29.7% annualized versus 12.2% for SPY. Worst drawdown: SPY -18.8% vs UFOX -28.7%.
Should I hold both SPY and UFOX?
SPY and UFOX have a monthly-return correlation of 0.75, 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 UFOX?
49.1% of UFOX's money is in holdings SPY also owns. 49.1% of UFOX's is in holdings SPY also owns. They hold 23 positions in common, counted across the 504 positions we hold weights for in SPY and 59 in UFOX.
Which pays a higher dividend, SPY or UFOX?
SPY yields 0.98% while UFOX yields 0.47%, so SPY currently pays the higher dividend yield.
Is UFOX better than SPY?
SPY has a lower expense ratio. UFOX led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 38.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.