SPY vs. UBS

Last updated Apr 5, 2026

Compare and contrast key facts about State Street SPDR S&P 500 ETF (SPY) and UBS Group AG (UBS).

SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.

Performance

SPY vs. UBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR S&P 500 ETF (SPY) and UBS Group AG (UBS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPY achieves a -3.56% return, which is significantly higher than UBS's -14.86% return. Over the past 10 years, SPY has outperformed UBS with an annualized return of 14.11%, while UBS has yielded a comparatively lower 13.30% annualized return.

SPY

• 1D: 0.09%
• 1M: -2.20%
• YTD: -3.56%
• 6M: -1.44%
• 1Y: 31.28%
• 3Y*: 18.37%
• 5Y*: 11.88%
• 10Y*: 14.11%

UBS

• 1D: -0.78%
• 1M: 0.43%
• YTD: -14.86%
• 6M: -4.06%
• 1Y: 54.55%
• 3Y*: 28.15%
• 5Y*: 23.03%
• 10Y*: 13.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPY vs. UBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPY State Street SPDR S&P 500 ETF	-3.56%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%
UBS UBS Group AG	-14.86%	60.21%	2.03%	67.65%	5.92%	27.93%	17.99%	7.15%	-32.68%	21.53%

Correlation

The correlation between SPY and UBS is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

Return for Risk

SPY vs. UBS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPY

SPY Risk / Return Rank: 52
SPY Sharpe Ratio Rank: 47
SPY Sortino Ratio Rank: 51
SPY Omega Ratio Rank: 57
SPY Calmar Ratio Rank: 45
SPY Martin Ratio Rank: 57

UBS

UBS Risk / Return Rank: 72
UBS Sharpe Ratio Rank: 78
UBS Sortino Ratio Rank: 73
UBS Omega Ratio Rank: 71
UBS Calmar Ratio Rank: 67
UBS Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPY vs. UBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 ETF (SPY) and UBS Group AG (UBS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SPY	UBS	Difference
Sharpe ratio Return per unit of total volatility	0.92	1.23	-0.31
Sortino ratio Return per unit of downside risk	1.45	1.81	-0.36
Omega ratio Gain probability vs. loss probability	1.22	1.23	0.00
Calmar ratio Return relative to maximum drawdown	1.51	1.39	+0.12
Martin ratio Return relative to average drawdown	7.11	4.00	+3.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPY vs. UBS - Sharpe Ratio Comparison

The current SPY Sharpe Ratio is 0.92, which is comparable to the UBS Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of SPY and UBS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPY	UBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	1.23	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.77	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.44	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.34	+0.22

Drawdowns

SPY vs. UBS - Drawdown Comparison

The maximum SPY drawdown since its inception was -55.19%, smaller than the maximum UBS drawdown of -61.38%. Use the drawdown chart below to compare losses from any high point for SPY and UBS.

Drawdown Indicators

	SPY	UBS	Difference
Max Drawdown Largest peak-to-trough decline	-55.19%	-61.38%	+6.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-26.07%	+17.19%
Max Drawdown (5Y) Largest decline over 5 years	-24.50%	-33.41%	+8.91%
Max Drawdown (10Y) Largest decline over 10 years	-33.72%	-61.38%	+27.66%
Current Drawdown Current decline from peak	-5.44%	-19.94%	+14.50%
Average Drawdown Average peak-to-trough decline	-9.09%	-19.41%	+10.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	9.08%	-6.51%

Volatility

SPY vs. UBS - Volatility Comparison

The current volatility for State Street SPDR S&P 500 ETF (SPY) is 5.28%, while UBS Group AG (UBS) has a volatility of 10.31%. This indicates that SPY experiences smaller price fluctuations and is considered to be less risky than UBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPY	UBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	10.31%	-5.03%
Volatility (6M) Calculated over the trailing 6-month period	9.49%	19.44%	-9.95%
Volatility (1Y) Calculated over the trailing 1-year period	19.06%	29.15%	-10.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	30.14%	-13.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	30.42%	-12.50%

Dividends

SPY vs. UBS - Dividend Comparison

SPY's dividend yield for the trailing twelve months is around 1.13%, less than UBS's 3.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY State Street SPDR S&P 500 ETF	1.13%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%
UBS UBS Group AG	3.43%	2.92%	3.46%	0.89%	1.34%	1.04%	3.87%	5.48%	0.00%	3.30%	5.42%	3.87%