SPY vs WINN
SPY vs WINN
State Street SPDR S&P 500 ETF Trust vs Harbor Long-Term Growers ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | WINN | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.57% | |
| AUM | $789.1B | $1.1B | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 70 | |
| YTD Return | +13.50% | +9.16% | |
| 1Y Return | +23.56% | +13.63% | |
| 3Y Return (annualized) | +21.17% | +21.96% | |
| 5Y Return (annualized) | +13.46% | - | |
| Volatility (annualized) | 15.3% | 21.1% | |
| Max Drawdown | -56.5% | -32.1% | |
| Fund Family | State Street Investment Management | Harbor Funds | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Feb 2, 2022 |
SPY vs WINN Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Harbor Long-Term Growers ETF (WINN) is a ETF from Harbor Funds. Over the past year SPY returned +23.56% while WINN returned +13.63%. Year to date, SPY is up 13.50% versus a gain of 9.16% for WINN.
Over three years, SPY compounded at +21.17% per year against +21.96% for WINN. Across the full 5-year window we track, WINN has the edge at +14.39% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WINN has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for SPY and -32.1% for WINN. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while WINN charges 0.57%. On a $10,000 position that is $9 vs $57 annually, a gap of $48 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for WINN.
Holdings Overlap
SPY and WINN share 60 holdings out of 517 unique holdings combined, representing a 50.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in SPY | Weight in WINN | Difference |
|---|---|---|---|
| NVDA | 7.31% | 11.34% | 4.03% |
| AAPL | 7.09% | 8.18% | 1.09% |
| GOOGL | 3.32% | 7.89% | 4.57% |
| MSFT | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings SPY shares with WINN 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 WINN?
SPY has an expense ratio of 0.09% while WINN charges 0.57%. SPY is the cheaper option. On a $10,000 investment, that is $48 per year of difference.
Which performed better, SPY or WINN?
Over the past year SPY returned +23.56% vs +13.63% for WINN, so SPY leads on 1-year performance. Over the longest common window we track (5 years), SPY annualized +8.85% vs +14.39% for WINN. Past performance does not guarantee future results.
Which is riskier, SPY or WINN?
WINN has been the more volatile fund at 21.1% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs WINN -32.1%.
Should I hold both SPY and WINN?
SPY and WINN have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPY and WINN?
SPY and WINN share 60 common holdings with a 50.4% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, SPY or WINN?
SPY yields 1.01% while WINN yields 0.00%, so SPY currently pays the higher dividend yield.
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