UTWO vs. SPY
Compare and contrast key facts about US Treasury 2 Year Note ETF (UTWO) and SPDR S&P 500 ETF (SPY).
UTWO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTWO is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 2 Year US Treasury Index - Benchmark TR Gross. It was launched on Aug 8, 2022. 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. Both UTWO and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTWO or SPY.
Key characteristics
| UTWO | SPY | |
|---|---|---|
| YTD Return | 3.12% | 27.04% |
| 1Y Return | 5.09% | 39.75% |
| Sharpe Ratio | 2.54 | 3.15 |
| Sortino Ratio | 4.13 | 4.19 |
| Omega Ratio | 1.54 | 1.59 |
| Calmar Ratio | 4.82 | 4.60 |
| Martin Ratio | 13.27 | 20.85 |
| Ulcer Index | 0.37% | 1.85% |
| Daily Std Dev | 1.95% | 12.29% |
| Max Drawdown | -2.04% | -55.19% |
| Current Drawdown | -0.93% | 0.00% |
Correlation
The correlation between UTWO and SPY is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
UTWO vs. SPY - Performance Comparison
In the year-to-date period, UTWO achieves a 3.12% return, which is significantly lower than SPY's 27.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UTWO vs. SPY - Expense Ratio Comparison
UTWO has a 0.15% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
UTWO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 2 Year Note ETF (UTWO) and SPDR S&P 500 ETF (SPY). 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.
Dividends
UTWO vs. SPY - Dividend Comparison
UTWO's dividend yield for the trailing twelve months is around 4.34%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTWO US Treasury 2 Year Note ETF | 4.34% | 4.39% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
UTWO vs. SPY - Drawdown Comparison
The maximum UTWO drawdown since its inception was -2.04%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UTWO and SPY. For additional features, visit the drawdowns tool.
Volatility
UTWO vs. SPY - Volatility Comparison
The current volatility for US Treasury 2 Year Note ETF (UTWO) is 0.38%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that UTWO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.