A side-by-side comparison of WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) and SGI Enhanced Core ETF (USDX) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | UNIY | USDX |
|---|---|---|
| YTD Return | -3.58% | +1.42%✓ |
| 1-Day Change | +0.21%✓ | +0.04% |
| 1-Week Change | -0.85% | +0.17%✓ |
| 1-Month Change | -2.64% | +0.46%✓ |
| Current Price | $46.13 | $25.63 |
| AUM | $1.27B✓ | $296M |
| MER (Expense Ratio) | 0.15%✓ | 0.98% |
| Dividend Yield | 4.87%✓ | 4.37% |
| Distribution Frequency | — | — |
| Inception Date | 2023-02-03 | 2024-02-28 |
| Holdings Count | 1 | 3 |
| MorningStar Rating | ★★★★ | — |
| Category | Intermediate Core Bond | Intermediate Core Bond |
| Beta | 0.97 | 0.00 |
| 52-Week High | $48.12 | $26.13 |
| 52-Week Low | $46.04 | $23.96 |
| 50-Day MA | $47.36 | $25.54 |
| 200-Day MA | $48.39 | $25.63 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | UNIY | USDX |
|---|---|---|
| YTD | -3.58% | +1.42%✓ |
| 1 Year | -1.16% | +5.86%✓ |
| 3 Year | +4.75% | — |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 3.32% | 0.86% |
| Sharpe Ratio (3Y) | — | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | NCA | Nuveen California Municipal Value Fund Inc | 1.13% |
| 1 | VMFXX | Vanguard Federal Money Market Fund Investor Shares | 41.69% |
| 2 | FDRXX | Fidelity Govt Cash Rsrvs | 2.58% |
| 3 | FGXXX | First American Funds Inc. - Government Obligations Fund | 1.67% |
Sector Weights
| Sector | UNIY | USDX |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About UNIY
Under normal circumstances, at least 80% of the fund"s net assets, plus the amount of any borrowings for investment purposes, will be invested in the component securities of the index. The index is comprised of USD-denominated bonds. The index deconstructs the USD-denominated bond market, as represented by USD-denominated, taxable bonds that are rated either investment grade or high yield, into one of the five categories of debt. The fund is non-diversified.
About USDX
The fund is an actively-managed exchange-traded fund ("ETF") and seeks to achieve its objective by (1) investing in a diversified portfolio of higher-yielding high quality short-term money market instruments and/or money market mutual funds and (2) investing in ultra-short-term options strategies that seek to generate current income.
Which ETF is Right for You?
Both UNIY and USDX are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, UNIY scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between UNIY and USDX?
UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) and USDX (SGI Enhanced Core ETF) are both Canadian-listed ETFs. Key differences include their AUM ($1.27B vs $296M), dividend yield (4.87% vs 4.37%), and year-to-date performance (-3.58% vs +1.42%).
Is UNIY better than USDX?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy UNIY and USDX on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both UNIY and USDX should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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