SPY vs UTWY
State Street SPDR S&P 500 ETF Trust vs F/m US Treasury 20 Year Bond ETF
Which is better, SPY or UTWY?
Large Cap Blend against Long Term High Yield 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 | UTWY |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.15% |
| AUM | $804.7B | $8M |
| Dividend Yield | 0.98% | 5.24% |
| Holdings | 505 | 2 |
| YTD Return | +12.47%Best | -3.96% |
| 1Y Return | +17.51%Best | -5.14% |
| 3Y Return (annualized) | +21.18%Best | +0.60% |
| 5Y Return (annualized) | +12.88% | - |
| Volatility (annualized) | 12.5% | 10.6%Best |
| Max Drawdown | -18.8% | -18.2%Best |
| $10,000 over 3.5 years | $20,299Best | $9,485 |
| Fund Family | State Street Investment Management | US Benchmark Series |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Long Term High Yield Bond |
| Inception | Jan 22, 1993 | Mar 28, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Mar 28, 2023 to Sep 11, 2026 (3.5 years).
SPY vs UTWY 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 3.5 years both funds cover.
SPY vs UTWY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and F/m US Treasury 20 Year Bond ETF (UTWY) is an ETF from US Benchmark Series. Over the past year SPY returned +17.51% while UTWY returned -5.14%. Year to date, SPY is up 12.47% versus a loss of 3.96% for UTWY.
Over three years, SPY compounded at +21.18% per year against +0.60% for UTWY. Across the full 4-year window we track, SPY has the edge at +22.42% annualized vs -1.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.5% compared with 10.6% for UTWY. 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 -18.2% for UTWY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while UTWY 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 0.98% against 5.24% for UTWY.
You are not choosing between two funds in isolation.
Whichever of SPY and UTWY 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 UTWY?
SPY has an expense ratio of 0.09% while UTWY charges 0.15%. SPY is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SPY or UTWY?
Over the past year SPY returned +17.51% vs -5.14% for UTWY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +22.42% vs -1.50% for UTWY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or UTWY?
SPY has been the more volatile fund at 12.5% annualized versus 10.6% for UTWY. Worst drawdown: SPY -18.8% vs UTWY -18.2%.
Should I hold both SPY and UTWY?
SPY and UTWY have a monthly-return correlation of 0.50, 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 UTWY?
SPY yields 0.98% while UTWY yields 5.24%, so UTWY currently pays the higher dividend yield.
Is UTWY 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.