SPY vs UIVM
State Street SPDR S&P 500 ETF Trust vs VictoryShares International Value Momentum ETF
Which is better, SPY or UIVM?
Large Cap Blend against Large Cap Value.
SPY has a lower expense ratio. SPY led over the full window, UIVM over 1Y, 3Y and 5Y. UIVM is less concentrated, with 10.3% 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 | UIVM |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.35% |
| AUM | $804.7B | $348M |
| Dividend Yield | 0.98% | 3.04% |
| Holdings | 505 | 198 |
| YTD Return | +12.47% | +21.16%Best |
| 1Y Return | +17.51% | +28.84%Best |
| 3Y Return (annualized) | +21.18% | +26.34%Best |
| 5Y Return (annualized) | +12.88% | +13.09%Best |
| Volatility (annualized) | 16.2% | 15.9%Best |
| Max Drawdown | -34.1%Best | -46.1% |
| $10,000 over 5 years | $18,327 | $18,498Best |
| Top 10 Weight | 38.0% | 10.3%Best |
| Fund Family | State Street Investment Management | Victory Capital Management Inc. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 22, 1993 | Oct 24, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Oct 26, 2017 to Sep 11, 2026 (8.9 years).
SPY vs UIVM 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 8.9 years both funds cover.
SPY vs UIVM Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and VictoryShares International Value Momentum ETF (UIVM) is an ETF from Victory Capital Management Inc.. Over the past year SPY returned +17.51% while UIVM returned +28.84%. Year to date, SPY is up 12.47% versus a gain of 21.16% for UIVM.
Over three years, SPY compounded at +21.18% per year against +26.34% for UIVM; over five years the annualized figures are +12.88% and +13.09% respectively. Across the full 9-year window we track, SPY has the edge at +14.08% annualized vs +7.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 15.9% for UIVM. 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 -34.1% for SPY and -46.1% for UIVM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while UIVM charges 0.35%. On a $10,000 position that is $9 vs $35 annually, a gap of $26 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 3.04% for UIVM.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 195 in UIVM, totalling 100.0% and 98.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 195 in UIVM, against full books of 505 and 198.
What only one of them owns
Our book lists 2 positions for UIVM that do not appear in our book for SPY (1.1% of the fund), and 494 for SPY that do not appear in UIVM (99.5%).
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.
You are not choosing between two funds in isolation.
Whichever of SPY and UIVM 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 UIVM?
SPY has an expense ratio of 0.09% while UIVM charges 0.35%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, SPY or UIVM?
Over the past year SPY returned +17.51% vs +28.84% for UIVM, so UIVM leads on 1-year performance. Over the longest common window we track (9 years), SPY annualized +14.08% vs +7.66% for UIVM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or UIVM?
SPY has been the more volatile fund at 16.2% annualized versus 15.9% for UIVM. Worst drawdown: SPY -34.1% vs UIVM -46.1%.
Should I hold both SPY and UIVM?
SPY and UIVM have a monthly-return correlation of 0.78, 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 UIVM?
SPY yields 0.98% while UIVM yields 3.04%, so UIVM currently pays the higher dividend yield.
Is UIVM better than SPY?
SPY has a lower expense ratio. SPY led over the full window, UIVM over 1Y, 3Y and 5Y. UIVM is less concentrated, with 10.3% 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.