SPY vs WAMA
SPY vs WAMA
State Street SPDR S&P 500 ETF Trust vs WisdomTree US Adaptive Moving Average Fund ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | WAMA | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.32% | |
| AUM | $789.1B | $187M | |
| Dividend Yield | 1.01% | 0.42% | |
| Holdings | 505 | 2 | |
| YTD Return | +13.50% | +10.49% | |
| 1Y Return | +23.56% | - | |
| 3Y Return (annualized) | +21.17% | - | |
| 5Y Return (annualized) | +13.46% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -5.7% | |
| Fund Family | State Street Investment Management | WisdomTree Investments | |
| Category | Equity | Allocation/Balanced | |
| Inception | Jan 22, 1993 | Mar 12, 2026 |
SPY vs WAMA Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and WisdomTree US Adaptive Moving Average Fund ETF (WAMA) is a ETF from WisdomTree Investments. Year to date, SPY is up 13.50% versus a gain of 10.49% for WAMA.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -5.7% for WAMA. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while WAMA charges 0.32%. On a $10,000 position that is $9 vs $32 annually, a gap of $23 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.42% for WAMA.
Holdings Overlap
SPY and WAMA share 384 holdings out of 605 unique holdings combined, representing a 78.7% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in SPY | Weight in WAMA | Difference |
|---|---|---|---|
| NVDA | 7.31% | 7.82% | 0.51% |
| AAPL | 7.09% | 6.63% | 0.46% |
| GOOGL | 3.32% | 7.32% | 4.00% |
| MSFT | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings SPY shares with WAMA Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SPY or WAMA?
SPY has an expense ratio of 0.09% while WAMA charges 0.32%. SPY is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
What is the holdings overlap between SPY and WAMA?
SPY and WAMA share 384 common holdings with a 78.7% weight overlap. Combined, they hold 605 unique securities.
Which pays a higher dividend, SPY or WAMA?
SPY yields 1.01% while WAMA yields 0.42%, so SPY currently pays the higher dividend yield.
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