SPY vs UNHW
State Street SPDR S&P 500 ETF Trust vs Roundhill UNH WeeklyPay ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | UNHW | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.99% | |
| AUM | $821.1B | $7M | |
| Dividend Yield | 1.01% | 21.96% | |
| Holdings | 505 | 5 | |
| YTD Return | +12.68% | +2.61% | |
| 1Y Return | +21.82% | - | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -32.3% | |
| Fund Family | State Street Investment Management | Roundhill Investments | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Dec 3, 2025 |
SPY vs UNHW Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Roundhill UNH WeeklyPay ETF (UNHW) is a ETF from Roundhill Investments. Year to date, SPY is up 12.68% versus a gain of 2.61% for UNHW.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -32.3% for UNHW. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while UNHW charges 0.99%. On a $10,000 position that is $9 vs $99 annually, a gap of $90 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 21.96% for UNHW.
Holdings Overlap
SPY and UNHW share 1 holdings out of 505 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in UNHW | Difference |
|---|---|---|---|
| UNH | 0.56% | 27.87% | 27.31% |
Frequently Asked Questions
Which is cheaper, SPY or UNHW?
SPY has an expense ratio of 0.09% while UNHW charges 0.99%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
What is the holdings overlap between SPY and UNHW?
SPY and UNHW share 1 common holdings with a 0.6% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, SPY or UNHW?
SPY yields 1.01% while UNHW yields 21.96%, so UNHW currently pays the higher dividend yield.
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