UWMC vs. SPY
UWMC (UWM Holdings Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, UWMC returned -20.26%/yr vs 13.05%/yr for SPY. At a 0.40 correlation, their price movements are largely independent.
Performance
UWMC vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, UWMC achieves a -50.18% return, which is significantly lower than SPY's 8.15% return.
UWMC
- 1D
- -0.98%
- 1M
- -31.29%
- YTD
- -50.18%
- 6M
- -52.87%
- 1Y
- -46.27%
- 3Y*
- -23.14%
- 5Y*
- -20.26%
- 10Y*
- —
SPY
- 1D
- -1.45%
- 1M
- -1.36%
- YTD
- 8.15%
- 6M
- 7.20%
- 1Y
- 23.59%
- 3Y*
- 20.68%
- 5Y*
- 13.05%
- 10Y*
- 15.53%
UWMC vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UWMC UWM Holdings Corporation | -50.18% | -19.30% | -13.04% | 132.11% | -38.03% | -37.29% |
SPY State Street SPDR S&P 500 ETF | 8.15% | 17.72% | 24.89% | 26.18% | -18.18% | 26.18% |
Correlation
The correlation between UWMC and SPY is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.40 |
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Return for Risk
UWMC vs. SPY — Risk / Return Rank
UWMC
SPY
UWMC vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UWM Holdings Corporation (UWMC) and State Street 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.
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.
| UWMC | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.80 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.34 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.67 | -3.36 |
| Martin ratioReturn relative to average drawdown | -1.48 | 11.92 | -13.40 |
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Drawdowns
UWMC vs. SPY - Drawdown Comparison
The maximum UWMC drawdown since its inception was -74.48%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UWMC and SPY.
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Drawdown Indicators
| UWMC | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.48% | -55.19% | -19.29% |
Max Drawdown (1Y)Largest decline over 1 year | -67.27% | -8.88% | -58.39% |
Max Drawdown (3Y)Largest decline over 3 years | -74.48% | -18.76% | -55.72% |
Max Drawdown (5Y)Largest decline over 5 years | -74.48% | -24.50% | -49.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -74.48% | -3.17% | -71.31% |
Average DrawdownAverage peak-to-trough decline | -37.85% | -9.04% | -28.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.33% | 1.98% | +29.35% |
Volatility
UWMC vs. SPY - Volatility Comparison
UWM Holdings Corporation (UWMC) has a higher volatility of 13.67% compared to State Street SPDR S&P 500 ETF (SPY) at 4.87%. This indicates that UWMC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UWMC | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.67% | 4.87% | +8.80% |
Volatility (6M)Calculated over the trailing 6-month period | 40.28% | 9.85% | +30.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.84% | 12.50% | +42.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.67% | 17.15% | +33.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.00% | 17.95% | +33.05% |
Dividends
UWMC vs. SPY - Dividend Comparison
UWMC's dividend yield for the trailing twelve months is around 19.70%, more than SPY's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 1.03% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
UWMC UWM Holdings Corporation | 19.70% | 9.13% | 6.81% | 5.59% | 12.08% | 6.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UWMC and SPY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UWMC has higher volatility (13.67%) compared to SPY (4.87%). In terms of maximum drawdown, UWMC dropped -74.48% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.90 vs -0.85), 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.
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