SPY vs UX
State Street SPDR S&P 500 ETF Trust vs Roundhill Uranium ETF
Which is better, SPY or UX?
Large Cap Blend against Commodities.
SPY has a lower expense ratio. SPY led over 1Y 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 | UX |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.77% |
| AUM | $804.7B | $5M |
| Dividend Yield | 0.98% | 0.87% |
| Holdings | 505 | 6 |
| YTD Return | +13.81%Best | -4.54% |
| 1Y Return | +16.94%Best | -5.10% |
| 3Y Return (annualized) | +22.84% | - |
| 5Y Return (annualized) | +13.50% | - |
| Volatility (annualized) | 12.9%Best | 31.5% |
| Max Drawdown | -18.8%Best | -26.1% |
| $10,000 over 1.6 years | $12,974Best | $11,058 |
| Fund Family | State Street Investment Management | Roundhill Investments |
| Category | Equity | Commodity |
| Style | Large Cap Blend | Commodities |
| Inception | Jan 22, 1993 | Jan 29, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Jan 29, 2025 to Sep 22, 2026 (1.6 years).
SPY vs UX 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 1.6 years both funds cover.
SPY vs UX Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Roundhill Uranium ETF (UX) is an ETF from Roundhill Investments. Over the past year SPY returned +16.94% while UX returned -5.10%. Year to date, SPY is up 13.81% versus a loss of 4.54% for UX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UX has been the more volatile fund, with annualized monthly volatility of 31.5% compared with 12.9% 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 -26.1% for UX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while UX charges 0.77%. On a $10,000 position that is $9 vs $77 annually, a gap of $68 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.87% for UX.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 2 in UX, totalling 99.9% and 3.2% 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 2 in UX, against full books of 505 and 6.
You are not choosing between two funds in isolation.
Whichever of SPY and UX 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 UX?
SPY has an expense ratio of 0.09% while UX charges 0.77%. SPY is the cheaper option, by $68 a year on a $10,000 investment.
Which performed better, SPY or UX?
Over the past year SPY returned +16.94% vs -5.10% for UX, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPY annualized +17.67% vs +6.49% for UX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or UX?
UX has been the more volatile fund at 31.5% annualized versus 12.9% for SPY. Worst drawdown: SPY -18.8% vs UX -26.1%.
Should I hold both SPY and UX?
SPY and UX have a monthly-return correlation of 0.33, 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 UX?
SPY yields 0.98% while UX yields 0.87%, so SPY currently pays the higher dividend yield.
Is UX better than SPY?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.