SPY vs VUSI
State Street SPDR S&P 500 ETF Trust vs Voya Ultra Short Income ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | VUSI | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.25% | |
| AUM | $821.1B | $135M | |
| Dividend Yield | 1.01% | 0.50% | |
| Holdings | 505 | 347 | |
| YTD Return | +12.73% | +0.21% | |
| 1Y Return | +20.06% | - | |
| 3Y Return (annualized) | +21.59% | - | |
| 5Y Return (annualized) | +12.93% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -0.9% | |
| Fund Family | State Street Investment Management | Voya Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Nov 18, 2025 |
SPY vs VUSI Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Voya Ultra Short Income ETF (VUSI) is a ETF from Voya Investment Management. Year to date, SPY is up 12.73% versus a gain of 0.21% for VUSI.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -0.9% for VUSI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while VUSI charges 0.25%. On a $10,000 position that is $9 vs $25 annually, a gap of $16 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.50% for VUSI.
Holdings Overlap
SPY and VUSI share 0 holdings out of 700 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 VUSI?
SPY has an expense ratio of 0.09% while VUSI charges 0.25%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
What is the holdings overlap between SPY and VUSI?
SPY and VUSI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 700 unique securities.
Which pays a higher dividend, SPY or VUSI?
SPY yields 1.01% while VUSI yields 0.50%, so SPY currently pays the higher dividend yield.
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