SPY vs USIN
SPY vs USIN
State Street SPDR S&P 500 ETF Trust vs WisdomTree 7-10 Year Laddered Treasury Fund ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | USIN | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.15% | |
| AUM | $789.1B | $4M | |
| Dividend Yield | 1.01% | 3.99% | |
| Holdings | 505 | 14 | |
| YTD Return | +13.79% | -0.83% | |
| 1Y Return | +23.66% | +1.27% | |
| 3Y Return (annualized) | +21.40% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.3% | 5.6% | |
| Max Drawdown | -56.5% | -6.2% | |
| Fund Family | State Street Investment Management | WisdomTree Investments | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Mar 14, 2024 |
SPY vs USIN Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and WisdomTree 7-10 Year Laddered Treasury Fund ETF (USIN) is a ETF from WisdomTree Investments. Over the past year SPY returned +23.66% while USIN returned +1.27%. Year to date, SPY is up 13.79% versus a loss of 0.83% for USIN.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.6% for USIN. 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 -6.2% for USIN. 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 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while USIN 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 3.99% for USIN.
Holdings Overlap
SPY and USIN share 0 holdings out of 504 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 USIN?
SPY has an expense ratio of 0.09% while USIN 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 USIN?
Over the past year SPY returned +23.66% vs +1.27% for USIN, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +8.85% vs +3.84% for USIN. Past performance does not guarantee future results.
Which is riskier, SPY or USIN?
SPY has been the more volatile fund at 15.3% annualized versus 5.6% for USIN. Worst drawdown: SPY -56.5% vs USIN -6.2%.
Should I hold both SPY and USIN?
SPY and USIN have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and USIN?
SPY and USIN share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, SPY or USIN?
SPY yields 1.01% while USIN yields 3.99%, so USIN currently pays the higher dividend yield.
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