EPI vs SPY
WisdomTree India Earnings Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, EPI or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. EPI is less concentrated, with 33.7% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EPI | SPY |
|---|---|---|
| Expense Ratio | 0.84% | 0.09%Best |
| AUM | $2.0B | $814.4B |
| Dividend Yield | 0.00% | 1.01% |
| Holdings | 573 | 505 |
| YTD Return | -7.43% | +13.34%Best |
| 1Y Return | -2.54% | +19.97%Best |
| 3Y Return (annualized) | +5.36% | +21.20%Best |
| 5Y Return (annualized) | +4.76% | +12.81%Best |
| Volatility (annualized) | 26.1% | 15.7%Best |
| Max Drawdown | -66.2% | -52.4%Best |
| $10,000 over 5 years | $12,618 | $18,270Best |
| Top 10 Weight | 33.7%Best | 38.0% |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 22, 2008 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Feb 22, 2008 to Sep 4, 2026 (18.5 years).
EPI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 18.5 years both funds cover.
EPI vs SPY Performance
WisdomTree India Earnings Fund (EPI) is an ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EPI returned -2.54% while SPY returned +19.97%. Year to date, EPI is down 7.43% versus a gain of 13.34% for SPY.
Over three years, EPI compounded at +5.36% per year against +21.20% for SPY; over five years the annualized figures are +4.76% and +12.81% respectively. Across the full 19-year window we track, SPY has the edge at +10.26% annualized vs +4.09%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EPI has been the more volatile fund, with annualized monthly volatility of 26.1% compared with 15.7% 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 -66.2% for EPI and -52.4% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EPI charges 0.84% per year while SPY charges 0.09%. On a $10,000 position that is $84 vs $9 annually, a gap of $75 per year that compounds over a long holding period. On income, EPI currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 565 holdings in EPI and 504 in SPY, totalling 98.7% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 565 positions we hold weights for in EPI and 504 in SPY, against full books of 573 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for EPI (99.5% of the fund), and 8 for EPI that do not appear in SPY (5.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of EPI and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EPI or SPY?
EPI has an expense ratio of 0.84% while SPY charges 0.09%. SPY is the cheaper option, by $75 a year on a $10,000 investment.
Which performed better, EPI or SPY?
Over the past year EPI returned -2.54% vs +19.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (19 years), EPI annualized +4.09% vs +10.26% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EPI or SPY?
EPI has been the more volatile fund at 26.1% annualized versus 15.7% for SPY. Worst drawdown: EPI -66.2% vs SPY -52.4%.
Should I hold both EPI and SPY?
EPI and SPY have a monthly-return correlation of 0.61, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EPI or SPY?
EPI yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than EPI?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. EPI is less concentrated, with 33.7% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.