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RLY vs UCBG

State Street Multi-Asset Real Return ETF

RLYCNYSE Arca

State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF

UCBGANYSE Arca

Overlap

0.1%by weight

Expense ratio

UCBG −0.44pt a year

RLY0.50%UCBG0.06%

Avg volume · 30D

UCBG 18.0×the volume

RLY231KUCBG4.15M

RLY vs UCBG Performance

Sep 30, 2026 – Oct 30, 2026

+3.3%RLY−0.9%UCBG

Sep 30, 2026 to Oct 30, 2026. RLY +3.3%. UCBG −0.9%. Use the arrow keys to read each point.0%1%2%Sep 30Oct 15Oct 30
Expense ratio
RLY 0.50%
UCBG 0.06%, better
Fund size
RLY $1.42B
UCBG $2.52B
1Y total return
RLY +24.6%
UCBG No data
Yield (12M)
RLY 2.88%
UCBG No data
Holdings
RLY 12
UCBG 868
Avg volume (30D)
RLY 231K sh
UCBG 4.15M sh, better
NAV per share
RLY $37.35
UCBG $50.56
52W range

ETF.net Grade

RLY: Cost 58, Risk 58, Mission 40, Tradability 72, Holdings 23, Durability 92. UCBG: Cost 100, Risk not scored, Mission 99, Tradability 99, Holdings 79, Durability 66.
Pillar letters and Scores for RLY, UCBG, with each pillar’s weight
PillarRLYUCBG
Cost30% weightB58A100Higher
Mission25% weightC40A99Higher
Risk15% weightB58Not scored
Tradability15% weightA72A99Higher
Holdings10% weightF23A79Higher
Durability5% weightA92HigherB66

Rank among Multi-Asset Allocation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. RLY and UCBG are both graded against the same 37 Multi-Asset Allocation funds, so their Grades compare head to head.

Multi-Asset Allocation⁠

Category · 37 funds
See all 37 ›

UCBG ranks 1st and RLY 19th of 37 funds in the Multi-Asset Allocation Category.

  1. Rank 1AUCBGState Street SPDR UC Investments 90/10 Endowment Strategy Index ETFScore 95
  2. Rank 2AAOAiShares Core 80/20 Aggressive Allocation ETFScore 88
  3. Rank 19CPCPPPorter & Company Permanent Portfolio Index ETFScore 53
  4. Rank 19CRLYState Street Multi-Asset Real Return ETFScore 53
  5. Rank 21CLCRLeuthold Core Exchange Traded FundScore 52

Our read on each fund

ETF.net Research

RLYCState Street Multi-Asset Real Return ETF

UCBGAState Street SPDR UC Investments 90/10 Endowment Strategy Index ETF

In short

RLY One ticker built around inflation: TIPS, commodities, real estate, infrastructure and natural-resource businesses in a single actively blended mix, running since 2012, and priced below the typical allocation fund.

UCBG No data

Stated mandate

RLY The fund seeks real return through capital appreciation and current income. It invests across domestic and international inflation-protected securities, real estate, commodities, infrastructure, and natural-resource or commodity businesses, using quantitative analysis supplemented by fundamental views.

UCBG No data

Why people hold it

  • RLY Real assets in one wrapper: domestic and international inflation-linked bonds, commodities, real estate, infrastructure and resource businesses, mixed by quantitative models with fundamental views layered on.
  • 0.50% expense ratio, against a 0.78% median for the allocation funds it competes with.
  • Launched in 2012, so it has traded through inflation scares and commodity slumps rather than being built to fight the last one. Now a multi-billion-dollar fund.
  • Pays income quarterly, and changes hands often enough that retail-sized orders are rarely the problem.

UCBG No data

Worth knowing

  • RLY The stated yardstick is a US government inflation-linked bond index, but the portfolio holds commodities, property and resource equities. Expect results that diverge from that benchmark.
  • Commodities and natural-resource stocks move harder than plain inflation-protected bonds. Real-asset exposure comes with real-asset swings.
  • Cheaper than its cohort median, but plain-vanilla stock/bond allocation funds cost a fraction: AOA runs 0.19%, IRTR 0.08%.

UCBG No data

Full RLY profile⁠

Full UCBG profile⁠

RLY vs UCBG Holdings

How RLY and UCBG differ

Overlap by weight

0.1%

Shared holdings make up 0.3% of UCBG and 0.1% of RLY.

Level by level

  • Holdings0 in both0.1%
  • Sector11 Sectors23.9%
  • Countryby domicile71.4%

Sector

Sector weights in RLY and UCBG, widest gap first
SectorMore in RLYMore in UCBG
TechnologyUCBG +40.4 points
EnergyRLY +26.6 points
MaterialsRLY +26.2 points
UtilitiesRLY +11.4 points
FinancialsUCBG +11.2 points
CommunicationUCBG +9.9 points
Health CareUCBG +8.5 points
IndustrialsRLY +6.7 points
Consumer DiscretionaryUCBG +5.5 points
Real EstateRLY +5.2 points
Consumer StaplesUCBG +0.6 points

Country, concentration and asset class

Country by domicile

Country weights in RLY and UCBG, widest gap first
CountryMore in RLYMore in UCBG
United StatesUCBG +27.5 points
CanadaRLY +8.4 points
AustraliaRLY +4.2 points
BrazilRLY +2.2 points
MexicoRLY +2.2 points
United KingdomRLY +1.6 points
FranceRLY +1.2 points
ChinaRLY +1.2 points
Other countries (27)RLY +6.6 points

Outside the US: RLY 75% developed, 25% emerging.

Concentration

Weight in the 10 largest Holdings

  • RLY99.8%
  • UCBG33.6%

Securities held

  • RLY11
  • UCBG866

Asset class

RLY
Multi-Asset
UCBG
Multi-Asset

Holdings

  • Only in RLY11
  • In both0
  • Only in UCBG866

Only in RLY

11 securities, 99.9% of RLY by weight

  • State Street Spdr S+p Global N28.39%
  • State Street Spdr Bloomberg En24.28%
  • State Street Spdr S+p Global I22.19%

Only in UCBG

866 securities, 99.7% of UCBG by weight

  • NVIDIA Corp6.99%
  • Apple Inc6.89%
  • Microsoft Corp5.32%

Weight gaps

RLY and UCBG share no securities.

All 11 RLY holdings⁠All 503 UCBG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

RLY vs UCBG Cost

Overpaying RLY vs UCBG

$8,709

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • RLY 0.50%

    $9,979

  • UCBG 0.06%

    $1,270

$10,000
30 years

Cost over time

  • RLY 0.50%
  • UCBG 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530RLY $9,979UCBG $1,270

Year by year

YearRLYUCBGOverpaying
10$900$110$790
20$3,460$432$3,028
30$9,979$1,270$8,709

Expense ratio

  • 0.50%RLY
  • 0.06%UCBG, cheaper
  • Middle half of Multi-Asset Allocation funds
  • Median 0.57%

UCBG cheapest of 37 funds

RLY 16th cheapest of 37 funds

RLY vs UCBG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
RLY 2.88%
UCBG No data
Payout (12M)
RLY $1.08
UCBG No data
Last payment
RLY $0.07
UCBG $0.04
Ex-dividend
RLY Sep 25, 2026
UCBG Sep 21, 2026
Paid on
RLY Sep 29, 2026
UCBG Sep 23, 2026
Frequency
RLY Quarterly
UCBG Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

RLYQuarterly · 38 paymentsAll RLY payments⁠
One bar per payment. 38 payments from 2017 to 2026 YTD. Mar 31, 2017 $0.02; Jun 30, 2017 $0.19; Sep 29, 2017 $0.05; Dec 27, 2017 $0.23; Mar 23, 2018 $0.03; Jun 25, 2018 $0.21; Sep 24, 2018 $0.10; Dec 27, 2018 $0.29; Mar 19, 2019 $0.04; Jun 25, 2019 $0.27; Sep 24, 2019 $0.10; Dec 24, 2019 $0.47; Mar 24, 2020 $0.07; Jun 23, 2020 $0.17; Sep 22, 2020 $0.03; Dec 29, 2020 $0.26; Mar 23, 2021 $0.04; Jun 22, 2021 $0.22; Sep 21, 2021 $0.10; Dec 28, 2021 $2.93; Mar 22, 2022 $0.09; Jun 21, 2022 $0.36; Sep 20, 2022 $0.10; Dec 20, 2022 $1.01; Mar 21, 2023 $0.10; Jun 20, 2023 $0.30; Sep 19, 2023 $0.06; Dec 19, 2023 $0.55; Mar 19, 2024 $0.03; Jun 25, 2024 $0.35; Sep 24, 2024 $0.08; Dec 26, 2024 $0.44; Jun 25, 2025 $0.25; Sep 24, 2025 $0.10; Dec 29, 2025 $0.67; Mar 26, 2026 $0.04; Jun 25, 2026 $0.30; Sep 25, 2026 $0.07. Use the arrow keys to read each point.$0$2.502017202020232026YTD
UCBGIrregular · 1 paymentAll UCBG payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Sep 21, 2026 $0.04. Use the arrow keys to read each point.$0$2.502017202020232026YTD

RLY vs UCBG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RLY 10.1%UCBG No data
Return per unit of riskSharpe ratio, 3 years
RLY 1.10UCBG No data
Worst fallMax drawdown, 5 years
RLY −19.0%UCBG No data
Market sensitivityBeta, 5 years
RLY 0.59UCBG 0.00

RLY and UCBG in the news

All news⁠

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