SPY vs USSE
State Street SPDR S&P 500 ETF Trust vs Segall Bryant & Hamill Select Equity ETF
Which is better, SPY or USSE?
Each has led over a different period.
SPY has a lower expense ratio. SPY led over 3Y and the full window, USSE over 1Y. The two have moved almost in lockstep, correlation 0.90. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 59.3%.
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 | USSE |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.65% |
| AUM | $814.4B | $360M |
| Dividend Yield | 1.01% | 0.00% |
| Holdings | 505 | 21 |
| YTD Return | +13.78% | +20.48%Best |
| 1Y Return | +21.44% | +24.90%Best |
| 3Y Return (annualized) | +21.38%Best | +17.53% |
| 5Y Return (annualized) | +12.80% | - |
| Volatility (annualized) | 12.8%Best | 13.5% |
| Max Drawdown | -18.8%Best | -22.4% |
| $10,000 over 3 years | $17,755Best | $16,131 |
| Top 10 Weight | 38.0%Best | 59.3% |
| Fund Family | State Street Investment Management | Segall Bryaant & Hamill Asset management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Aug 29, 2023 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Aug 30, 2023 to Sep 3, 2026 (3 years).
SPY vs USSE 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 years both funds cover.
SPY vs USSE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Segall Bryant & Hamill Select Equity ETF (USSE) is an ETF from Segall Bryaant & Hamill Asset management. Over the past year SPY returned +21.44% while USSE returned +24.90%. Year to date, SPY is up 13.78% versus a gain of 20.48% for USSE.
Over three years, SPY compounded at +21.38% per year against +17.53% for USSE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USSE has been the more volatile fund, with annualized monthly volatility of 13.5% compared with 12.8% 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 -22.4% for USSE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while USSE charges 0.65%. On a $10,000 position that is $9 vs $65 annually, a gap of $56 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for USSE.
Holdings Overlap
34.3% of SPY's money is in holdings USSE also owns. 82.4% of USSE's money is in holdings SPY also owns.
Most of USSE is already inside SPY. Owning both mostly buys the same companies twice.
17 positions in common, counted across the 504 positions we hold weights for in SPY and 20 in USSE, against full books of 505 and 21.
What only one of them owns
Our book lists 2 positions for USSE that do not appear in our book for SPY (11.1% of the fund), and 479 for SPY that do not appear in USSE (65.1%).
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 USSE | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.71% | 7.12% | 0.59% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.50% | 6.81% | 1.31% |
| AAPLApple, Inc | 6.83% | 4.97% | 1.86% |
| AMZNAmazon.Com Inc | 4.08% | 5.87% | 1.79% |
| GOOGAlphabet Inc. C | 2.67% | 6.79% | 4.12% |
| JPMJpmorgan Chase | 1.44% | 4.65% | 3.21% |
| LLYEli Lilly & Co. | 1.33% | 4.76% | 3.43% |
| ANETArista Networks Inc. | 0.30% | 5.49% | 5.19% |
| PANWPalo Alto Networks, Inc | 0.45% | 5.02% | 4.57% |
| METAMeta Platform Inc | 1.94% | 3.12% | 1.18% |
82.4% of USSE 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 USSE?
SPY has an expense ratio of 0.09% while USSE charges 0.65%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, SPY or USSE?
Over the past year SPY returned +21.44% vs +24.90% for USSE, so USSE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or USSE?
USSE has been the more volatile fund at 13.5% annualized versus 12.8% for SPY. Worst drawdown: SPY -18.8% vs USSE -22.4%.
Should I hold both SPY and USSE?
SPY and USSE have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPY and USSE?
82.4% of USSE's money is in holdings SPY also owns. 82.4% of USSE's is in holdings SPY also owns. They hold 17 positions in common, counted across the 504 positions we hold weights for in SPY and 20 in USSE.
Which pays a higher dividend, SPY or USSE?
SPY yields 1.01% while USSE yields 0.00%, so SPY currently pays the higher dividend yield.
Is USSE better than SPY?
SPY has a lower expense ratio. SPY led over 3Y and the full window, USSE over 1Y. The two have moved almost in lockstep, correlation 0.90. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 59.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.