SPY vs UYLD
SPY vs UYLD
State Street SPDR S&P 500 ETF Trust vs Angel Oak UltraShort Income ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | UYLD | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.34% | |
| AUM | $789.1B | $1.6B | |
| Dividend Yield | 1.01% | 5.42% | |
| Holdings | 505 | 921 | |
| YTD Return | +9.93% | +1.92% | |
| 1Y Return | +19.50% | +4.24% | |
| 3Y Return (annualized) | +19.33% | +5.75% | |
| 5Y Return (annualized) | +12.82% | - | |
| Volatility (annualized) | 15.3% | 0.6% | |
| Max Drawdown | -56.5% | -0.5% | |
| Fund Family | State Street Investment Management | Angel Oak Capital Advisors | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Oct 24, 2022 |
SPY vs UYLD Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Angel Oak UltraShort Income ETF (UYLD) is a ETF from Angel Oak Capital Advisors. Over the past year SPY returned +19.50% while UYLD returned +4.24%. Year to date, SPY is up 9.93% versus a gain of 1.92% for UYLD.
Over three years, SPY compounded at +19.33% per year against +5.75% for UYLD. Across the full 4-year window we track, SPY has the edge at +8.74% annualized vs +5.84%. 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 0.6% for UYLD. 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 -0.5% for UYLD. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while UYLD charges 0.34%. On a $10,000 position that is $9 vs $34 annually, a gap of $25 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 5.42% for UYLD.
Holdings Overlap
SPY and UYLD share 0 holdings out of 671 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 UYLD?
SPY has an expense ratio of 0.09% while UYLD charges 0.34%. SPY is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, SPY or UYLD?
Over the past year SPY returned +19.50% vs +4.24% for UYLD, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.74% vs +5.84% for UYLD. Past performance does not guarantee future results.
Which is riskier, SPY or UYLD?
SPY has been the more volatile fund at 15.3% annualized versus 0.6% for UYLD. Worst drawdown: SPY -56.5% vs UYLD -0.5%.
Should I hold both SPY and UYLD?
SPY and UYLD have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and UYLD?
SPY and UYLD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 671 unique securities.
Which pays a higher dividend, SPY or UYLD?
SPY yields 1.01% while UYLD yields 5.42%, so UYLD currently pays the higher dividend yield.
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