EPS vs SPY
WisdomTree US LargeCap Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
EPS has a lower expense ratio. EPS delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EPS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.09% | |
| AUM | $1.6B | $789.1B | |
| Dividend Yield | 1.15% | 1.01% | |
| Holdings | 502 | 505 | |
| YTD Return | +14.99% | +13.79% | |
| 1Y Return | +25.81% | +23.66% | |
| 3Y Return (annualized) | +20.90% | +21.40% | |
| 5Y Return (annualized) | +13.01% | +13.37% | |
| Volatility (annualized) | 15.5% | 15.3% | |
| Max Drawdown | -55.6% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 23, 2007 | Jan 22, 1993 |
EPS vs SPY Performance
WisdomTree US LargeCap Fund (EPS) 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 EPS returned +25.81% while SPY returned +23.66%. Year to date, EPS is up 14.99% versus a gain of 13.79% for SPY.
Over three years, EPS compounded at +20.90% per year against +21.40% for SPY; over five years the annualized figures are +13.01% and +13.37% respectively. Across the full 20-year window we track, EPS has the edge at +8.97% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EPS has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -55.6% for EPS 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 0.99. 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 1.15% against 1.01% for SPY.
Holdings Overlap
EPS and SPY share 383 holdings out of 614 unique holdings combined, representing a 71.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
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. On a $10,000 investment, that is $1 per year of difference.
Which performed better, EPS or SPY?
Over the past year EPS returned +25.81% vs +23.66% for SPY, so EPS leads on 1-year performance. Over the longest common window we track (20 years), EPS annualized +8.97% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, EPS or SPY?
EPS has been the more volatile fund at 15.5% annualized versus 15.3% for SPY. 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between EPS and SPY?
EPS and SPY share 383 common holdings with a 71.2% weight overlap. Combined, they hold 614 unique securities.
Which pays a higher dividend, EPS or SPY?
EPS yields 1.15% while SPY yields 1.01%, so EPS currently pays the higher dividend yield.
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