EPS vs SPY
WisdomTree US LargeCap Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, EPS or SPY?
Nearly the same fund. EPS costs less.
EPS has a lower expense ratio. EPS led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.1%.
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 | EPS | SPY |
|---|---|---|
| Expense Ratio | 0.08%Best | 0.09% |
| AUM | $1.6B | $804.7B |
| Dividend Yield | 1.11% | 0.98% |
| Holdings | 506 | 505 |
| YTD Return | +13.91%Best | +12.09% |
| 1Y Return | +18.17%Best | +16.29% |
| 3Y Return (annualized) | +20.87% | +21.20%Best |
| 5Y Return (annualized) | +13.24% | +13.37%Best |
| Volatility (annualized) | 15.4%Best | 15.5% |
| Max Drawdown | -55.6%Best | -56.5% |
| $10,000 over 5 years | $18,621 | $18,728Best |
| Top 10 Weight | 39.1% | 37.8%Best |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 23, 2007 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Feb 23, 2007 to Sep 18, 2026 (19.6 years).
EPS 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 19.6 years both funds cover.
EPS vs SPY Performance
WisdomTree US LargeCap Fund (EPS) 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 EPS returned +18.17% while SPY returned +16.29%. Year to date, EPS is up 13.91% versus a gain of 12.09% for SPY.
Over three years, EPS compounded at +20.87% per year against +21.20% for SPY; over five years the annualized figures are +13.24% and +13.37% respectively. Across the full 20-year window we track, SPY has the edge at +9.25% annualized vs +8.86%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 15.4% for EPS. 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 -55.6% for EPS and -56.5% 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EPS charges 0.08% per year while SPY charges 0.09%. On a $10,000 position that is $8 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, EPS currently yields 1.11% against 0.98% for SPY.
Holdings Overlap
96.3% of EPS's money is in holdings SPY also owns. 91.7% of SPY's money is in holdings EPS also owns.
Most of EPS is already inside SPY. Owning both mostly buys the same companies twice.
394 positions in common, counted across the 502 positions we hold weights for in EPS and 504 in SPY, against full books of 506 and 505.
What only one of them owns
Our book lists 105 positions for SPY that do not appear in our book for EPS (7.8% of the fund), and 83 for EPS that do not appear in SPY (3.0%).
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.
Top Shared Holdings
| Stock | Weight in EPS | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.38% | 8.01% | 0.63% |
| AAPLApple, Inc | 5.19% | 7.26% | 2.07% |
| AMZNAmazon.Com Inc | 6.37% | 3.79% | 2.58% |
| MSFTMicrosoft Corp | 4.42% | 5.66% | 1.24% |
| GOOGLAlphabet Inc,class A | 5.96% | 2.99% | 2.97% |
| METAMeta Platforms Inc | 2.91% | 1.93% | 0.98% |
| AVGOBroadcom Inc | 1.65% | 2.66% | 1.01% |
| JPMJpmorgan Chase | 2.18% | 1.45% | 0.73% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.72% | 1.40% | 0.32% |
| MUMicron Technology, Inc. | 1.33% | 1.60% | 0.27% |
96.3% of EPS is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EPS or SPY?
EPS has an expense ratio of 0.08% while SPY charges 0.09%. EPS is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, EPS or SPY?
Over the past year EPS returned +18.17% vs +16.29% for SPY, so EPS leads on 1-year performance. Over the longest common window we track (20 years), EPS annualized +8.86% vs +9.25% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EPS or SPY?
SPY has been the more volatile fund at 15.5% annualized versus 15.4% for EPS. Worst drawdown: EPS -55.6% vs SPY -56.5%.
Should I hold both EPS and SPY?
EPS and SPY have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between EPS and SPY?
96.3% of EPS's money is in holdings SPY also owns. 91.7% of SPY's is in holdings EPS also owns. They hold 394 positions in common, counted across the 502 positions we hold weights for in EPS and 504 in SPY.
Which pays a higher dividend, EPS or SPY?
EPS yields 1.11% while SPY yields 0.98%, so EPS currently pays the higher dividend yield.
Is SPY better than EPS?
EPS has a lower expense ratio. EPS led over 1Y, SPY over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.