SPY vs UNIY
State Street SPDR S&P 500 ETF Trust vs WisdomTree Voya Yield Enhanced USD Universal Bond Fund
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. UNIY offers more diversification with 6,627 holdings.
Side-by-Side Comparison
| Metric | SPY | UNIY | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.15% | |
| AUM | $821.1B | $1.3B | |
| Dividend Yield | 1.01% | 4.89% | |
| Holdings | 505 | 6,627 | |
| YTD Return | +12.68% | -0.11% | |
| 1Y Return | +21.82% | +2.57% | |
| 3Y Return (annualized) | +21.98% | +5.01% | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | 5.2% | |
| Max Drawdown | -56.5% | -6.3% | |
| Fund Family | State Street Investment Management | WisdomTree Investments | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Feb 7, 2023 |
SPY vs UNIY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) is a ETF from WisdomTree Investments. Over the past year SPY returned +21.82% while UNIY returned +2.57%. Year to date, SPY is up 12.68% versus a loss of 0.11% for UNIY.
Over three years, SPY compounded at +21.98% per year against +5.01% for UNIY. Across the full 4-year window we track, SPY has the edge at +8.81% annualized vs +3.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.2% for UNIY. 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 -6.3% for UNIY. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while UNIY charges 0.15%. On a $10,000 position that is $9 vs $15 annually, a gap of $6 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 4.89% for UNIY.
Holdings Overlap
SPY and UNIY share 0 holdings out of 539 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or UNIY?
SPY has an expense ratio of 0.09% while UNIY charges 0.15%. SPY is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, SPY or UNIY?
Over the past year SPY returned +21.82% vs +2.57% for UNIY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.81% vs +3.63% for UNIY. Past performance does not guarantee future results.
Which is riskier, SPY or UNIY?
SPY has been the more volatile fund at 15.3% annualized versus 5.2% for UNIY. Worst drawdown: SPY -56.5% vs UNIY -6.3%.
Should I hold both SPY and UNIY?
SPY and UNIY have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and UNIY?
SPY and UNIY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 539 unique securities.
Which pays a higher dividend, SPY or UNIY?
SPY yields 1.01% while UNIY yields 4.89%, so UNIY currently pays the higher dividend yield.
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