GEOA vs SPY

Quick Verdict

SPY has a lower expense ratio. GEOA delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: GEOAMore Diversified: SPY

Side-by-Side Comparison

MetricGEOASPYWinner
Expense Ratio0.58%0.09%
AUM$886,559.25$789.1B
Dividend Yield0.55%1.01%
Holdings63505
YTD Return+8.54%+14.47%
1Y Return+24.63%+21.96%
3Y Return (annualized)-+21.70%
5Y Return (annualized)-+13.30%
Volatility (annualized)13.6%15.3%
Max Drawdown-11.7%-56.5%
Fund FamilyWisdomTree InvestmentsState Street Investment Management
CategoryEquityEquity
InceptionJul 8, 2025Jan 22, 1993

GEOA vs SPY Performance

WisdomTree GeoAlpha Opportunities Fund ETF (GEOA) 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 GEOA returned +24.63% while SPY returned +21.96%. Year to date, GEOA is up 8.54% versus a gain of 14.47% for SPY.

Risk: Volatility and Drawdowns

SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.6% for GEOA. 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 -11.7% for GEOA 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 0.76. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

GEOA charges 0.58% per year while SPY charges 0.09%. On a $10,000 position that is $58 vs $9 annually, a gap of $49 per year that compounds over a long holding period. On income, GEOA currently yields 0.55% against 1.01% for SPY.

Holdings Overlap

8.1%overlap

GEOA and SPY share 23 holdings out of 543 unique holdings combined, representing a 8.1% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in GEOAWeight in SPYDifference
META4.38%2.03%2.35%
GOOG3.06%2.66%0.40%
MPC2.73%0.12%2.61%
DEProProPro
UPSProProPro
XOMProProPro
KRProProPro
CRMProProPro
IBMProProPro
CVXProProPro
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Frequently Asked Questions

Which is cheaper, GEOA or SPY?

GEOA has an expense ratio of 0.58% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $49 per year of difference.

Which performed better, GEOA or SPY?

Over the past year GEOA returned +24.63% vs +21.96% for SPY, so GEOA leads on 1-year performance. Over the longest common window we track (1 years), GEOA annualized +19.94% vs +8.87% for SPY. Past performance does not guarantee future results.

Which is riskier, GEOA or SPY?

SPY has been the more volatile fund at 15.3% annualized versus 13.6% for GEOA. Worst drawdown: GEOA -11.7% vs SPY -56.5%.

Should I hold both GEOA and SPY?

GEOA and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between GEOA and SPY?

GEOA and SPY share 23 common holdings with a 8.1% weight overlap. Combined, they hold 543 unique securities.

Which pays a higher dividend, GEOA or SPY?

GEOA yields 0.55% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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