NTSX vs SPY
WisdomTree US Efficient Core Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, NTSX or SPY?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | NTSX | SPY |
|---|---|---|
| Expense Ratio | 0.20% | 0.09%Best |
| AUM | $1.4B | $804.7B |
| Dividend Yield | 1.07% | 0.98% |
| Holdings | 506 | 505 |
| YTD Return | +7.58% | +10.96%Best |
| 1Y Return | +10.30% | +15.52%Best |
| 3Y Return (annualized) | +18.41% | +20.73%Best |
| 5Y Return (annualized) | +7.76% | +12.53%Best |
| Volatility (annualized) | 16.3%Best | 16.8% |
| Max Drawdown | -31.3%Best | -34.1% |
| $10,000 over 5 years | $14,531 | $18,044Best |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 2, 2018 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 2, 2018 to Sep 16, 2026 (8.1 years).
NTSX 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 8.1 years both funds cover.
NTSX vs SPY Performance
WisdomTree US Efficient Core Fund (NTSX) is an ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NTSX returned +10.30% while SPY returned +15.52%. Year to date, NTSX is up 7.58% versus a gain of 10.96% for SPY.
Over three years, NTSX compounded at +18.41% per year against +20.73% for SPY; over five years the annualized figures are +7.76% and +12.53% respectively. Across the full 8-year window we track, SPY has the edge at +13.89% annualized vs +11.85%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 16.3% for NTSX. 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 -31.3% for NTSX and -34.1% 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NTSX charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, NTSX currently yields 1.07% against 0.98% for SPY.
Holdings Overlap
At least 95.5% of SPY's money is in holdings NTSX also owns.
Stated as a floor: for NTSX, our book for it covers 90.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of SPY is already inside NTSX. Owning both mostly buys the same companies twice.
423 positions in common, counted across the 501 positions we hold weights for in NTSX and 504 in SPY, against full books of 506 and 505.
Top Shared Holdings
| Stock | Weight in NTSX | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.49% | 8.01% | 0.52% |
| AAPLApple, Inc | 6.60% | 7.26% | 0.66% |
| MSFTMicrosoft Corp | 4.94% | 5.66% | 0.72% |
| GOOGLAlphabet Inc,class A | 5.46% | 2.99% | 2.47% |
| AMZNAmazon.Com Inc | 3.52% | 3.79% | 0.27% |
| AVGOBroadcom Inc | 2.17% | 2.66% | 0.49% |
| METAMeta Platforms Inc | 1.97% | 1.93% | 0.04% |
| MUMicron Technology, Inc. | 1.38% | 1.60% | 0.22% |
| TSLATesla Inc | 1.41% | 1.52% | 0.11% |
| LLYEli Lilly & Co. | 1.52% | 1.40% | 0.12% |
95.5% of SPY is already inside NTSX.
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, NTSX or SPY?
NTSX has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, NTSX or SPY?
Over the past year NTSX returned +10.30% vs +15.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), NTSX annualized +11.85% vs +13.89% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NTSX or SPY?
SPY has been the more volatile fund at 16.8% annualized versus 16.3% for NTSX. Worst drawdown: NTSX -31.3% vs SPY -34.1%.
Should I hold both NTSX and SPY?
NTSX and SPY have a monthly-return correlation of 0.98, 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 NTSX and SPY?
At least 95.5% of SPY's money is in holdings NTSX also owns. Our book for NTSX is partial, so the real figure is this or higher. They hold 423 positions in common, counted across the 501 positions we hold weights for in NTSX and 504 in SPY.
Which pays a higher dividend, NTSX or SPY?
NTSX yields 1.07% while SPY yields 0.98%, so NTSX currently pays the higher dividend yield.
Is SPY better than NTSX?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.