EZM vs SPY
EZM vs SPY
WisdomTree US MidCap Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. EZM delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | EZM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.09% | |
| AUM | $940M | $789.1B | |
| Dividend Yield | 1.21% | 1.01% | |
| Holdings | 509 | 505 | |
| YTD Return | +15.09% | +13.79% | |
| 1Y Return | +25.18% | +23.66% | |
| 3Y Return (annualized) | +13.49% | +21.40% | |
| 5Y Return (annualized) | +9.26% | +13.37% | |
| Volatility (annualized) | 20.1% | 15.3% | |
| Max Drawdown | -60.6% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 23, 2007 | Jan 22, 1993 |
EZM vs SPY Performance
WisdomTree US MidCap Fund (EZM) 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 EZM returned +25.18% while SPY returned +23.66%. Year to date, EZM is up 15.09% versus a gain of 13.79% for SPY.
Over three years, EZM compounded at +13.49% per year against +21.40% for SPY; over five years the annualized figures are +9.26% and +13.37% respectively. Across the full 20-year window we track, SPY has the edge at +8.85% annualized vs +8.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EZM has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -60.6% for EZM 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EZM charges 0.38% per year while SPY charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, EZM currently yields 1.21% against 1.01% for SPY.
Holdings Overlap
EZM and SPY share 30 holdings out of 976 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EZM | Weight in SPY | Difference |
|---|---|---|---|
| VTRS | 1.31% | 0.03% | 1.28% |
| CF | 1.10% | 0.03% | 1.07% |
| GL | 0.53% | 0.02% | 0.51% |
| BEN | Pro | Pro | Pro |
| DVA | Pro | Pro | Pro |
| NCLH | Pro | Pro | Pro |
| SJM | Pro | Pro | Pro |
| MOS | Pro | Pro | Pro |
| ALGN | Pro | Pro | Pro |
| HST | Pro | Pro | Pro |
See all 10 holdings EZM shares with SPY 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, EZM or SPY?
EZM has an expense ratio of 0.38% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, EZM or SPY?
Over the past year EZM returned +25.18% vs +23.66% for SPY, so EZM leads on 1-year performance. Over the longest common window we track (20 years), EZM annualized +8.57% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, EZM or SPY?
EZM has been the more volatile fund at 20.1% annualized versus 15.3% for SPY. Worst drawdown: EZM -60.6% vs SPY -56.5%.
Should I hold both EZM and SPY?
EZM and SPY have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EZM and SPY?
EZM and SPY share 30 common holdings with a 0.6% weight overlap. Combined, they hold 976 unique securities.
Which pays a higher dividend, EZM or SPY?
EZM yields 1.21% while SPY yields 1.01%, so EZM currently pays the higher dividend yield.
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