SPY vs UMI
State Street SPDR S&P 500 ETF Trust vs USCF Midstream Energy Income ETF
Which is better, SPY or UMI?
Large Cap Blend against All Cap Blend.
SPY has a lower expense ratio. UMI led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 62.2%.
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 | UMI |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.69% |
| AUM | $804.7B | $520M |
| Dividend Yield | 0.98% | 5.83% |
| Holdings | 505 | 25 |
| YTD Return | +11.52% | +26.03%Best |
| 1Y Return | +17.48% | +29.16%Best |
| 3Y Return (annualized) | +20.62% | +26.84%Best |
| 5Y Return (annualized) | +12.73% | +22.91%Best |
| Volatility (annualized) | 15.3%Best | 17.4% |
| Max Drawdown | -24.5% | -20.1%Best |
| $10,000 over 5 years | $18,205 | $28,050Best |
| Top 10 Weight | 38.0%Best | 62.2% |
| Fund Family | State Street Investment Management | USCF Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | All Cap Blend |
| Inception | Jan 22, 1993 | Mar 24, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Mar 24, 2021 to Sep 10, 2026 (5.5 years).
SPY vs UMI 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 5.5 years both funds cover.
SPY vs UMI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and USCF Midstream Energy Income ETF (UMI) is an ETF from USCF Investments. Over the past year SPY returned +17.48% while UMI returned +29.16%. Year to date, SPY is up 11.52% versus a gain of 26.03% for UMI.
Over three years, SPY compounded at +20.62% per year against +26.84% for UMI; over five years the annualized figures are +12.73% and +22.91% respectively. Across the full 6-year window we track, UMI has the edge at +23.88% annualized vs +14.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UMI has been the more volatile fund, with annualized monthly volatility of 17.4% 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 -24.5% for SPY and -20.1% for UMI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while UMI charges 0.69%. On a $10,000 position that is $9 vs $69 annually, a gap of $60 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 5.83% for UMI.
Holdings Overlap
0.4% of SPY's money is in holdings UMI also owns. 25.3% of UMI's money is in holdings SPY also owns.
UMI and SPY share little of their money.
4 positions in common, counted across the 504 positions we hold weights for in SPY and 23 in UMI, against full books of 505 and 25.
What only one of them owns
Our book lists 13 positions for UMI that do not appear in our book for SPY (53.1% of the fund), and 490 for SPY that do not appear in UMI (99.1%).
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.
25.3% of UMI 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 UMI?
SPY has an expense ratio of 0.09% while UMI charges 0.69%. SPY is the cheaper option, by $60 a year on a $10,000 investment.
Which performed better, SPY or UMI?
Over the past year SPY returned +17.48% vs +29.16% for UMI, so UMI leads on 1-year performance. Over the longest common window we track (6 years), SPY annualized +14.53% vs +23.88% for UMI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or UMI?
UMI has been the more volatile fund at 17.4% annualized versus 15.3% for SPY. Worst drawdown: SPY -24.5% vs UMI -20.1%.
Should I hold both SPY and UMI?
SPY and UMI have a monthly-return correlation of 0.50, 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 UMI?
25.3% of UMI's money is in holdings SPY also owns. 25.3% of UMI's is in holdings SPY also owns. They hold 4 positions in common, counted across the 504 positions we hold weights for in SPY and 23 in UMI.
Which pays a higher dividend, SPY or UMI?
SPY yields 0.98% while UMI yields 5.83%, so UMI currently pays the higher dividend yield.
Is UMI better than SPY?
SPY has a lower expense ratio. UMI led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 62.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.