IWMY vs SPY
Defiance R2000 Weekly Distribution ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IWMY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.09% | |
| AUM | $98M | $821.1B | |
| Dividend Yield | 41.94% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +14.37% | +12.68% | |
| 1Y Return | +17.94% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 14.8% | 15.3% | |
| Max Drawdown | -35.7% | -56.5% | |
| Fund Family | Defiance ETFs, LLC | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 30, 2023 | Jan 22, 1993 |
IWMY vs SPY Performance
Defiance R2000 Weekly Distribution ETF (IWMY) is a ETF from Defiance ETFs, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IWMY returned +17.94% while SPY returned +21.82%. Year to date, IWMY is up 14.37% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.8% for IWMY. 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 -35.7% for IWMY 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IWMY charges 1.05% per year while SPY charges 0.09%. On a $10,000 position that is $105 vs $9 annually, a gap of $96 per year that compounds over a long holding period. On income, IWMY currently yields 41.94% against 1.01% for SPY.
Holdings Overlap
IWMY and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IWMY or SPY?
IWMY has an expense ratio of 1.05% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, IWMY or SPY?
Over the past year IWMY returned +17.94% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), IWMY annualized -0.27% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, IWMY or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.8% for IWMY. Worst drawdown: IWMY -35.7% vs SPY -56.5%.
Should I hold both IWMY and SPY?
IWMY and SPY have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IWMY and SPY?
IWMY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, IWMY or SPY?
IWMY yields 41.94% while SPY yields 1.01%, so IWMY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.