SPY vs WTLS
SPY vs WTLS
State Street SPDR S&P 500 ETF Trust vs WisdomTree Efficient Long/Short US Equity Fund ETF
Quick Verdict
SPY has a lower expense ratio. WTLS offers more diversification with 564 holdings.
Side-by-Side Comparison
| Metric | SPY | WTLS | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.88% | |
| AUM | $789.1B | $12M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 564 | |
| YTD Return | +13.28% | +25.82% | |
| 1Y Return | +23.94% | - | |
| 3Y Return (annualized) | +21.07% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -8.9% | |
| Fund Family | State Street Investment Management | WisdomTree Investments | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Jan 22, 2026 |
SPY vs WTLS Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and WisdomTree Efficient Long/Short US Equity Fund ETF (WTLS) is a ETF from WisdomTree Investments. Year to date, SPY is up 13.28% versus a gain of 25.82% for WTLS.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -8.9% for WTLS. 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 WTLS charges 0.88%. On a $10,000 position that is $9 vs $88 annually, a gap of $79 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for WTLS.
Holdings Overlap
SPY and WTLS share 144 holdings out of 923 unique holdings combined, representing a 12.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPY | Weight in WTLS | Difference |
|---|---|---|---|
| NVDA | 7.31% | 0.58% | 6.73% |
| AAPL | 7.09% | 0.27% | 6.82% |
| MSFT | 4.43% | 0.32% | 4.11% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
See all 10 holdings SPY shares with WTLS 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 WTLS?
SPY has an expense ratio of 0.09% while WTLS charges 0.88%. SPY is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
What is the holdings overlap between SPY and WTLS?
SPY and WTLS share 144 common holdings with a 12.9% weight overlap. Combined, they hold 923 unique securities.
Which pays a higher dividend, SPY or WTLS?
SPY yields 1.01% while WTLS yields 0.00%, so SPY currently pays the higher dividend yield.
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