SPY vs USFI
State Street SPDR S&P 500 ETF Trust vs BrandywineGLOBAL - US Fixed Income ETF
Which is better, SPY or USFI?
Large Cap Blend against Investment Grade Bond.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
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 | USFI |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.39% |
| AUM | $804.7B | $10M |
| Dividend Yield | 0.98% | 4.51% |
| Holdings | 505 | 60 |
| YTD Return | +10.96%Best | +0.10% |
| 1Y Return | +15.52%Best | +0.03% |
| 3Y Return (annualized) | +20.73%Best | +4.35% |
| 5Y Return (annualized) | +12.53% | - |
| Volatility (annualized) | 12.8% | 7.1%Best |
| Max Drawdown | -18.8% | -8.5%Best |
| $10,000 over 3.1 years | $17,174Best | $11,119 |
| Fund Family | State Street Investment Management | Franklin Templeton Investments (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Investment Grade Bond |
| Inception | Jan 22, 1993 | Jul 25, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Jul 27, 2023 to Sep 16, 2026 (3.1 years).
SPY vs USFI 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 3.1 years both funds cover.
SPY vs USFI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and BrandywineGLOBAL - US Fixed Income ETF (USFI) is an ETF from Franklin Templeton Investments (US). Over the past year SPY returned +15.52% while USFI returned +0.03%. Year to date, SPY is up 10.96% versus a gain of 0.10% for USFI.
Over three years, SPY compounded at +20.73% per year against +4.35% for USFI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 7.1% for USFI. 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 -8.5% for USFI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while USFI charges 0.39%. On a $10,000 position that is $9 vs $39 annually, a gap of $30 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 4.51% for USFI.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 38 in USFI, totalling 99.9% and 38.0% 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 38 in USFI, against full books of 505 and 60.
You are not choosing between two funds in isolation.
Whichever of SPY and USFI 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 USFI?
SPY has an expense ratio of 0.09% while USFI charges 0.39%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, SPY or USFI?
Over the past year SPY returned +15.52% vs +0.03% for USFI, 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 USFI?
SPY has been the more volatile fund at 12.8% annualized versus 7.1% for USFI. Worst drawdown: SPY -18.8% vs USFI -8.5%.
Should I hold both SPY and USFI?
SPY and USFI have a monthly-return correlation of 0.55, 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 USFI?
SPY yields 0.98% while USFI yields 4.51%, so USFI currently pays the higher dividend yield.
Is USFI better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.