SPY vs WOMN
SPY vs WOMN
State Street SPDR S&P 500 ETF Trust vs Impact Shares Women's Empowerment 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 | WOMN | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.75% | |
| AUM | $789.1B | $56M | |
| Dividend Yield | 1.01% | 1.15% | |
| Holdings | 505 | 204 | |
| YTD Return | +13.10% | +9.24% | |
| 1Y Return | +22.80% | +15.85% | |
| 3Y Return (annualized) | +20.98% | +13.87% | |
| 5Y Return (annualized) | +13.20% | +9.21% | |
| Volatility (annualized) | 15.3% | 16.6% | |
| Max Drawdown | -56.5% | -32.2% | |
| Fund Family | State Street Investment Management | Impact shares | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Aug 24, 2018 |
SPY vs WOMN Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Impact Shares Women's Empowerment ETF (WOMN) is a ETF from Impact shares. Over the past year SPY returned +22.80% while WOMN returned +15.85%. Year to date, SPY is up 13.10% versus a gain of 9.24% for WOMN.
Over three years, SPY compounded at +20.98% per year against +13.87% for WOMN; over five years the annualized figures are +13.20% and +9.21% respectively. Across the full 8-year window we track, WOMN has the edge at +12.87% annualized vs +8.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WOMN has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -32.2% for WOMN. 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 0.96. 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 WOMN charges 0.75%. On a $10,000 position that is $9 vs $75 annually, a gap of $66 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 1.15% for WOMN.
Holdings Overlap
SPY and WOMN share 184 holdings out of 522 unique holdings combined, representing a 39.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in WOMN | Difference |
|---|---|---|---|
| NVDA | 7.31% | 4.24% | 3.07% |
| MSFT | 4.43% | 4.65% | 0.22% |
| GOOGL | 3.32% | 4.40% | 1.08% |
| JPM:US | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
See all 10 holdings SPY shares with WOMN 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 WOMN?
SPY has an expense ratio of 0.09% while WOMN charges 0.75%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, SPY or WOMN?
Over the past year SPY returned +22.80% vs +15.85% for WOMN, so SPY leads on 1-year performance. Over the longest common window we track (8 years), SPY annualized +8.83% vs +12.87% for WOMN. Past performance does not guarantee future results.
Which is riskier, SPY or WOMN?
WOMN has been the more volatile fund at 16.6% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs WOMN -32.2%.
Should I hold both SPY and WOMN?
SPY and WOMN have a monthly-return correlation of 0.96, 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 WOMN?
SPY and WOMN share 184 common holdings with a 39.4% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, SPY or WOMN?
SPY yields 1.01% while WOMN yields 1.15%, so WOMN currently pays the higher dividend yield.
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