SPY vs UBND
SPY vs UBND
State Street SPDR S&P 500 ETF Trust vs VictoryShares Core Plus Bond ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. UBND offers more diversification with 821 holdings.
Side-by-Side Comparison
| Metric | SPY | UBND | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.40% | |
| AUM | $789.1B | $2.0B | |
| Dividend Yield | 1.01% | 4.74% | |
| Holdings | 505 | 1,425 | |
| YTD Return | +11.49% | -0.08% | |
| 1Y Return | +21.37% | +2.50% | |
| 3Y Return (annualized) | +20.76% | +4.94% | |
| 5Y Return (annualized) | +12.94% | - | |
| Volatility (annualized) | 15.3% | 6.4% | |
| Max Drawdown | -56.5% | -16.4% | |
| Fund Family | State Street Investment Management | Victory Capital Management Inc. | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Oct 4, 2021 |
SPY vs UBND Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and VictoryShares Core Plus Bond ETF (UBND) is a ETF from Victory Capital Management Inc.. Over the past year SPY returned +21.37% while UBND returned +2.50%. Year to date, SPY is up 11.49% versus a loss of 0.08% for UBND.
Over three years, SPY compounded at +20.76% per year against +4.94% for UBND. Across the full 5-year window we track, SPY has the edge at +8.78% annualized vs +0.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.4% for UBND. 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 -16.4% for UBND. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while UBND charges 0.40%. On a $10,000 position that is $9 vs $40 annually, a gap of $31 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 4.74% for UBND.
Holdings Overlap
SPY and UBND share 0 holdings out of 1324 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 UBND?
SPY has an expense ratio of 0.09% while UBND charges 0.40%. SPY is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, SPY or UBND?
Over the past year SPY returned +21.37% vs +2.50% for UBND, so SPY leads on 1-year performance. Over the longest common window we track (5 years), SPY annualized +8.78% vs +0.81% for UBND. Past performance does not guarantee future results.
Which is riskier, SPY or UBND?
SPY has been the more volatile fund at 15.3% annualized versus 6.4% for UBND. Worst drawdown: SPY -56.5% vs UBND -16.4%.
Should I hold both SPY and UBND?
SPY and UBND have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and UBND?
SPY and UBND share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1324 unique securities.
Which pays a higher dividend, SPY or UBND?
SPY yields 1.01% while UBND yields 4.74%, so UBND currently pays the higher dividend yield.
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