SPY vs UPGR
State Street SPDR S&P 500 ETF Trust vs Xtrackers US Green Infrastructure Select Equity ETF
Which is better, SPY or UPGR?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. UPGR is less concentrated, with 25.1% of the fund in its ten largest positions against 37.8%.
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 | UPGR |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.35% |
| AUM | $804.7B | $598,148.67 |
| Dividend Yield | 0.98% | 0.32% |
| Holdings | 505 | 49 |
| YTD Return | +13.82%Best | -10.10% |
| 1Y Return | +16.96%Best | -4.03% |
| 3Y Return (annualized) | +22.97% | - |
| 5Y Return (annualized) | +13.73% | - |
| Volatility (annualized) | 11.9%Best | 27.1% |
| Max Drawdown | -18.8%Best | -35.5% |
| $10,000 over 2.6 years | $15,940Best | $11,673 |
| Top 10 Weight | 37.8% | 25.1%Best |
| Fund Family | State Street Investment Management | Xtrackers ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Jul 13, 2023 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 7, 2024 to Sep 21, 2026 (2.6 years).
SPY vs UPGR 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 2.6 years both funds cover.
SPY vs UPGR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Xtrackers US Green Infrastructure Select Equity ETF (UPGR) is an ETF from Xtrackers ETFs. Over the past year SPY returned +16.96% while UPGR returned -4.03%. Year to date, SPY is up 13.82% versus a loss of 10.10% for UPGR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPGR has been the more volatile fund, with annualized monthly volatility of 27.1% compared with 11.9% 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 -18.8% for SPY and -35.5% for UPGR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while UPGR 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 0.32% for UPGR.
Holdings Overlap
2.3% of SPY's money is in holdings UPGR also owns. 26.4% of UPGR's money is in holdings SPY also owns.
UPGR and SPY share little of their money.
12 positions in common, counted across the 504 positions we hold weights for in SPY and 48 in UPGR, against full books of 505 and 49.
What only one of them owns
Our book lists 35 positions for UPGR that do not appear in our book for SPY (71.5% of the fund), and 485 for SPY that do not appear in UPGR (97.1%).
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.
Top Shared Holdings
| Stock | Weight in SPY | Weight in UPGR | Difference |
|---|---|---|---|
| TSLATesla Inc | 1.52% | 2.15% | 0.63% |
| VLTOVeralto Corp | 0.04% | 2.47% | 2.43% |
| ECLEcolab, Inc. | 0.11% | 2.36% | 2.25% |
| PHParker-Hannifin Corp. | 0.18% | 2.28% | 2.10% |
| RSGRepublic Services Inc. Class A | 0.07% | 2.37% | 2.30% |
| IEXI D E X Corporation | 0.03% | 2.39% | 2.36% |
| IRIngersoll Rand Inc | 0.04% | 2.29% | 2.25% |
| WMWaste Mgmt | 0.12% | 2.18% | 2.06% |
| XYLXylem,Inc. | 0.04% | 2.11% | 2.07% |
| FSLRFirst Solar, Inc | 0.03% | 2.12% | 2.09% |
26.4% of UPGR 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 UPGR?
SPY has an expense ratio of 0.09% while UPGR charges 0.35%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, SPY or UPGR?
Over the past year SPY returned +16.96% vs -4.03% for UPGR, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or UPGR?
UPGR has been the more volatile fund at 27.1% annualized versus 11.9% for SPY. Worst drawdown: SPY -18.8% vs UPGR -35.5%.
Should I hold both SPY and UPGR?
SPY and UPGR have a monthly-return correlation of 0.70, 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 UPGR?
26.4% of UPGR's money is in holdings SPY also owns. 26.4% of UPGR's is in holdings SPY also owns. They hold 12 positions in common, counted across the 504 positions we hold weights for in SPY and 48 in UPGR.
Which pays a higher dividend, SPY or UPGR?
SPY yields 0.98% while UPGR yields 0.32%, so SPY currently pays the higher dividend yield.
Is UPGR better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. UPGR is less concentrated, with 25.1% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.