IWLG vs SPY
NYLIM Winslow Large Cap Growth ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IWLG or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. IWLG led over the full window, SPY over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.93. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 53.1%.
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 | IWLG | SPY |
|---|---|---|
| Expense Ratio | 0.50% | 0.09%Best |
| AUM | $314M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 44 | 505 |
| YTD Return | +3.67% | +12.47%Best |
| 1Y Return | +5.43% | +17.51%Best |
| 3Y Return (annualized) | +20.56% | +21.18%Best |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 18.9% | 14.7%Best |
| Max Drawdown | -23.2% | -18.8%Best |
| $10,000 over 4.2 years | $22,215Best | $21,251 |
| Top 10 Weight | 53.1% | 38.0%Best |
| Fund Family | New York Life Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jun 22, 2022 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Jun 23, 2022 to Sep 11, 2026 (4.2 years).
IWLG 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 4.2 years both funds cover.
IWLG vs SPY Performance
NYLIM Winslow Large Cap Growth ETF (IWLG) is an ETF from New York Life Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IWLG returned +5.43% while SPY returned +17.51%. Year to date, IWLG is up 3.67% versus a gain of 12.47% for SPY.
Over three years, IWLG compounded at +20.56% per year against +21.18% for SPY. Across the full 4-year window we track, IWLG has the edge at +20.93% annualized vs +19.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWLG has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 14.7% 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 -23.2% for IWLG and -18.8% 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWLG charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, IWLG currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
88.1% of IWLG's money is in holdings SPY also owns. 43.6% of SPY's money is in holdings IWLG also owns.
Most of IWLG is already inside SPY. Owning both mostly buys the same companies twice.
34 positions in common, counted across the 42 positions we hold weights for in IWLG and 504 in SPY, against full books of 44 and 505.
What only one of them owns
Our book lists 460 positions for SPY that do not appear in our book for IWLG (55.9% of the fund), and 5 for IWLG that do not appear in SPY (5.7%).
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 IWLG | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 12.14% | 7.71% | 4.43% |
| GOOGAlphabet Inc | 10.93% | 2.67% | 8.26% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.82% | 5.50% | 0.32% |
| AAPLApple, Inc | 4.15% | 6.83% | 2.68% |
| AVGOBroadcom Inc | 4.81% | 2.97% | 1.84% |
| AMZNAmazon.Com Inc | 3.21% | 4.08% | 0.87% |
| METAMeta Platforms, Inc. | 2.46% | 1.94% | 0.52% |
| LLYEli Lilly & Co. | 3.03% | 1.33% | 1.70% |
| ANETArista Networks Inc Common Stock | 3.63% | 0.30% | 3.33% |
| VVisa Inc | 2.82% | 0.92% | 1.90% |
88.1% of IWLG 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, IWLG or SPY?
IWLG has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, IWLG or SPY?
Over the past year IWLG returned +5.43% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), IWLG annualized +20.93% vs +19.66% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWLG or SPY?
IWLG has been the more volatile fund at 18.9% annualized versus 14.7% for SPY. Worst drawdown: IWLG -23.2% vs SPY -18.8%.
Should I hold both IWLG and SPY?
IWLG and SPY have a monthly-return correlation of 0.93, 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 IWLG and SPY?
88.1% of IWLG's money is in holdings SPY also owns. 43.6% of SPY's is in holdings IWLG also owns. They hold 34 positions in common, counted across the 42 positions we hold weights for in IWLG and 504 in SPY.
Which pays a higher dividend, IWLG or SPY?
IWLG yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than IWLG?
SPY has a lower expense ratio. IWLG led over the full window, SPY over 1Y and 3Y. The two have moved almost in lockstep, correlation 0.93. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 53.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.