EPI vs SPY
WisdomTree India Earnings Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. EPI offers more diversification with 568 holdings.
Side-by-Side Comparison
| Metric | EPI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.84% | 0.09% | |
| AUM | $2.0B | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 568 | 505 | |
| YTD Return | -8.12% | +14.24% | |
| 1Y Return | -3.04% | +21.71% | |
| 3Y Return (annualized) | +6.89% | +22.10% | |
| 5Y Return (annualized) | +5.53% | +13.21% | |
| Volatility (annualized) | 26.2% | 15.3% | |
| Max Drawdown | -66.2% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 22, 2008 | Jan 22, 1993 |
EPI vs SPY Performance
WisdomTree India Earnings Fund (EPI) is a ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EPI returned -3.04% while SPY returned +21.71%. Year to date, EPI is down 8.12% versus a gain of 14.24% for SPY.
Over three years, EPI compounded at +6.89% per year against +22.10% for SPY; over five years the annualized figures are +5.53% and +13.21% respectively. Across the full 19-year window we track, SPY has the edge at +8.86% annualized vs +4.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EPI has been the more volatile fund, with annualized monthly volatility of 26.2% 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 -66.2% for EPI and -56.5% for SPY. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
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
EPI and SPY share 0 holdings out of 1036 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $75 per year of difference.
Which performed better, EPI or SPY?
Over the past year EPI returned -3.04% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (19 years), EPI annualized +4.06% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, EPI or SPY?
EPI has been the more volatile fund at 26.2% annualized versus 15.3% for SPY. Worst drawdown: EPI -66.2% vs SPY -56.5%.
Should I hold both EPI and SPY?
EPI and SPY have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EPI and SPY?
EPI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1036 unique securities.
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.
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