UCTT vs. SPYI
UCTT (Ultra Clean Holdings, Inc.) is a stock, while SPYI (NEOS S&P 500 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past 3 years, UCTT returned 34.13%/yr vs 15.30%/yr for SPYI. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
UCTT vs. SPYI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UCTT achieves a 265.57% return, which is significantly higher than SPYI's 8.23% return.
UCTT
- 1D
- -9.31%
- 1M
- -15.29%
- 6M
- 113.56%
- YTD
- 265.57%
- 1Y
- 266.15%
- 3Y*
- 34.13%
- 5Y*
- 15.11%
- 10Y*
- 31.59%
SPYI
- 1D
- -0.40%
- 1M
- 0.74%
- 6M
- 7.03%
- YTD
- 8.23%
- 1Y
- 18.77%
- 3Y*
- 15.30%
- 5Y*
- —
- 10Y*
- —
UCTT vs. SPYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UCTT Ultra Clean Holdings, Inc. | 265.57% | -29.54% | 5.30% | 2.99% | 8.40% |
SPYI NEOS S&P 500 High Income ETF | 8.23% | 16.67% | 19.03% | 18.09% | -3.96% |
Correlation
The correlation between UCTT and SPYI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | 0.58 |
The correlation between UCTT and SPYI has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UCTT vs. SPYI — Risk / Return Rank
UCTT
SPYI
UCTT vs. SPYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ultra Clean Holdings, Inc. (UCTT) and NEOS S&P 500 High Income ETF (SPYI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UCTT | SPYI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.35 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 7.38 | 2.44 | +4.93 |
| Martin ratioReturn relative to average drawdown | 22.17 | 11.93 | +10.24 |
Loading charts...
Drawdowns
UCTT vs. SPYI - Drawdown Comparison
The maximum UCTT drawdown since its inception was -95.20%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for UCTT and SPYI.
Loading charts...
Drawdown Indicators
| UCTT | SPYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.20% | -16.47% | -78.73% |
Max Drawdown (1Y)Largest decline over 1 year | -36.33% | -7.72% | -28.61% |
Max Drawdown (3Y)Largest decline over 3 years | -68.24% | -16.47% | -51.77% |
Max Drawdown (5Y)Largest decline over 5 years | -70.43% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -79.34% | — | — |
Current DrawdownCurrent decline from peak | -35.06% | -0.40% | -34.66% |
Average DrawdownAverage peak-to-trough decline | -46.19% | -1.79% | -44.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.07% | 1.58% | +10.49% |
Volatility
UCTT vs. SPYI - Volatility Comparison
Ultra Clean Holdings, Inc. (UCTT) has a higher volatility of 39.57% compared to NEOS S&P 500 High Income ETF (SPYI) at 3.03%. This indicates that UCTT's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UCTT | SPYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.57% | 3.03% | +36.54% |
Volatility (6M)Calculated over the trailing 6-month period | 68.27% | 8.46% | +59.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.64% | 10.45% | +69.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.28% | 12.96% | +48.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.31% | 12.96% | +47.35% |
Dividends
UCTT vs. SPYI - Dividend Comparison
UCTT has not paid dividends to shareholders, while SPYI's dividend yield for the trailing twelve months is around 11.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 11.75% | 11.70% | 12.04% | 12.01% | 4.10% |
UCTT Ultra Clean Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UCTT and SPYI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCTT has higher volatility (39.57%) compared to SPYI (3.03%). In terms of maximum drawdown, UCTT dropped -95.20% vs SPYI's -16.47%.
UCTT currently has the higher Sharpe Ratio (3.37 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for UCTT and SPYI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer