SPY vs UXAP
State Street SPDR S&P 500 ETF Trust vs FT Vest US Equity Uncapped Accelerator ETF - April
Quick Verdict
SPY has a lower expense ratio. UXAP delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | UXAP | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.85% | |
| AUM | $789.1B | $11M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 4 | |
| YTD Return | +14.47% | +14.94% | |
| 1Y Return | +21.96% | +22.19% | |
| 3Y Return (annualized) | +21.70% | - | |
| 5Y Return (annualized) | +13.30% | - | |
| Volatility (annualized) | 15.3% | 14.3% | |
| Max Drawdown | -56.5% | -10.4% | |
| Fund Family | State Street Investment Management | First Trust Portfolios (US) | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Apr 17, 2025 |
SPY vs UXAP Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and FT Vest US Equity Uncapped Accelerator ETF - April (UXAP) is a ETF from First Trust Portfolios (US). Over the past year SPY returned +21.96% while UXAP returned +22.19%. Year to date, SPY is up 14.47% versus a gain of 14.94% for UXAP.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.3% for UXAP. 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 -10.4% for UXAP. 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 1.00. 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 UXAP charges 0.85%. On a $10,000 position that is $9 vs $85 annually, a gap of $76 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for UXAP.
Holdings Overlap
SPY and UXAP 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 UXAP?
SPY has an expense ratio of 0.09% while UXAP charges 0.85%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, SPY or UXAP?
Over the past year SPY returned +21.96% vs +22.19% for UXAP, so UXAP leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.87% vs +40.34% for UXAP. Past performance does not guarantee future results.
Which is riskier, SPY or UXAP?
SPY has been the more volatile fund at 15.3% annualized versus 14.3% for UXAP. Worst drawdown: SPY -56.5% vs UXAP -10.4%.
Should I hold both SPY and UXAP?
SPY and UXAP have a monthly-return correlation of 1.00, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPY and UXAP?
SPY and UXAP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, SPY or UXAP?
SPY yields 1.01% while UXAP yields 0.00%, so SPY currently pays the higher dividend yield.
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