SPY vs UFOX
State Street SPDR S&P 500 ETF Trust vs Defiance Space and Connective Tech ETF
Quick Verdict
SPY has a lower expense ratio. UFOX delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | UFOX | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.30% | |
| AUM | $821.1B | $922M | |
| Dividend Yield | 1.01% | 0.48% | |
| Holdings | 505 | 60 | |
| YTD Return | +12.68% | +28.34% | |
| 1Y Return | +21.82% | +50.36% | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 30.3% | |
| Max Drawdown | -56.5% | -28.7% | |
| Fund Family | State Street Investment Management | Defiance ETFs, LLC | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Mar 4, 2019 |
SPY vs UFOX Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Defiance Space and Connective Tech ETF (UFOX) is a ETF from Defiance ETFs, LLC. Over the past year SPY returned +21.82% while UFOX returned +50.36%. Year to date, SPY is up 12.68% versus a gain of 28.34% for UFOX.
Risk: Volatility and Drawdowns
UFOX has been the more volatile fund, with annualized monthly volatility of 30.3% compared with 15.3% 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 -56.5% for SPY and -28.7% for UFOX. 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 0.76. 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 1.01% against 0.48% for UFOX.
Holdings Overlap
SPY and UFOX share 23 holdings out of 540 unique holdings combined, representing a 15.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $21 per year of difference.
Which performed better, SPY or UFOX?
Over the past year SPY returned +21.82% vs +50.36% for UFOX, so UFOX leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +8.81% vs +36.15% for UFOX. Past performance does not guarantee future results.
Which is riskier, SPY or UFOX?
UFOX has been the more volatile fund at 30.3% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs UFOX -28.7%.
Should I hold both SPY and UFOX?
SPY and UFOX have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and UFOX?
SPY and UFOX share 23 common holdings with a 15.7% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, SPY or UFOX?
SPY yields 1.01% while UFOX yields 0.48%, so SPY currently pays the higher dividend yield.
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