SPY vs ULVM
SPY vs ULVM
State Street SPDR S&P 500 ETF Trust vs VictoryShares US Value Momentum ETF
Quick Verdict
SPY has a lower expense ratio. ULVM delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | ULVM | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.20% | |
| AUM | $789.1B | $266M | |
| Dividend Yield | 1.01% | 1.63% | |
| Holdings | 505 | 127 | |
| YTD Return | +13.79% | +19.77% | |
| 1Y Return | +23.66% | +30.73% | |
| 3Y Return (annualized) | +21.40% | +21.24% | |
| 5Y Return (annualized) | +13.37% | +12.39% | |
| Volatility (annualized) | 15.3% | 17.0% | |
| Max Drawdown | -56.5% | -40.8% | |
| Fund Family | State Street Investment Management | Victory Capital Management Inc. | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Oct 24, 2017 |
SPY vs ULVM Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and VictoryShares US Value Momentum ETF (ULVM) is a ETF from Victory Capital Management Inc.. Over the past year SPY returned +23.66% while ULVM returned +30.73%. Year to date, SPY is up 13.79% versus a gain of 19.77% for ULVM.
Over three years, SPY compounded at +21.40% per year against +21.24% for ULVM; over five years the annualized figures are +13.37% and +12.39% respectively. Across the full 9-year window we track, ULVM has the edge at +10.59% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ULVM has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 15.3% 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 -56.5% for SPY and -40.8% for ULVM. 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 0.91. 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 ULVM charges 0.20%. On a $10,000 position that is $9 vs $20 annually, a gap of $11 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 1.63% for ULVM.
Holdings Overlap
SPY and ULVM share 105 holdings out of 522 unique holdings combined, representing a 15.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in ULVM | Difference |
|---|---|---|---|
| GOOGL | 3.32% | 0.64% | 2.68% |
| BRK.B | 1.43% | 1.61% | 0.18% |
| JNJ | 0.96% | 1.59% | 0.63% |
| MU | Pro | Pro | Pro |
| BAC | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| O | Pro | Pro | Pro |
| CB | Pro | Pro | Pro |
| L | Pro | Pro | Pro |
| ATO | Pro | Pro | Pro |
See all 10 holdings SPY shares with ULVM Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SPY or ULVM?
SPY has an expense ratio of 0.09% while ULVM charges 0.20%. SPY is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, SPY or ULVM?
Over the past year SPY returned +23.66% vs +30.73% for ULVM, so ULVM leads on 1-year performance. Over the longest common window we track (9 years), SPY annualized +8.85% vs +10.59% for ULVM. Past performance does not guarantee future results.
Which is riskier, SPY or ULVM?
ULVM has been the more volatile fund at 17.0% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs ULVM -40.8%.
Should I hold both SPY and ULVM?
SPY and ULVM have a monthly-return correlation of 0.91, 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 ULVM?
SPY and ULVM share 105 common holdings with a 15.0% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, SPY or ULVM?
SPY yields 1.01% while ULVM yields 1.63%, so ULVM currently pays the higher dividend yield.
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