A side-by-side comparison of SGI Enhanced Core ETF (USDX) and WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) 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 | USDX | UNIY |
|---|---|---|
| YTD Return | +1.42%✓ | -3.58% |
| 1-Day Change | +0.04% | +0.21%✓ |
| 1-Week Change | +0.17%✓ | -0.85% |
| 1-Month Change | +0.46%✓ | -2.64% |
| Current Price | $25.63 | $46.13 |
| AUM | $296M | $1.27B✓ |
| MER (Expense Ratio) | 0.98% | 0.15%✓ |
| Dividend Yield | 4.37% | 4.87%✓ |
| Distribution Frequency | — | — |
| Inception Date | 2024-02-28 | 2023-02-03 |
| Holdings Count | 3 | 1 |
| MorningStar Rating | — | ★★★★ |
| Category | Intermediate Core Bond | Intermediate Core Bond |
| Beta | 0.00 | 0.97 |
| 52-Week High | $26.13 | $48.12 |
| 52-Week Low | $23.96 | $46.04 |
| 50-Day MA | $25.54 | $47.36 |
| 200-Day MA | $25.63 | $48.39 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | USDX | UNIY |
|---|---|---|
| YTD | +1.42%✓ | -3.58% |
| 1 Year | +5.86%✓ | -1.16% |
| 3 Year | — | +4.75% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 0.86% | 3.32% |
| Sharpe Ratio (3Y) | — | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 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% |
| 1 | NCA | Nuveen California Municipal Value Fund Inc | 1.13% |
Sector Weights
| Sector | USDX | UNIY |
|---|---|---|
| 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 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.
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.
Which ETF is Right for You?
Both USDX and UNIY 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 USDX and UNIY?
USDX (SGI Enhanced Core ETF) and UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) are both Canadian-listed ETFs. Key differences include their AUM ($296M vs $1.27B), dividend yield (4.37% vs 4.87%), and year-to-date performance (+1.42% vs -3.58%).
Is USDX better than UNIY?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, USDX has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy USDX and UNIY on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both USDX and UNIY should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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