OPPE vs SPY
WisdomTree European Opportunities Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, OPPE or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. OPPE led over 1Y, 3Y and 5Y, SPY over the full window. OPPE is less concentrated, with 22.4% of the fund in its ten largest positions against 37.8%.
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 | OPPE | SPY |
|---|---|---|
| Expense Ratio | 0.58% | 0.09%Best |
| AUM | $296M | $804.7B |
| Dividend Yield | 2.58% | 0.98% |
| Holdings | 105 | 505 |
| YTD Return | +16.23%Best | +12.09% |
| 1Y Return | +25.23%Best | +16.29% |
| 3Y Return (annualized) | +24.30%Best | +21.20% |
| 5Y Return (annualized) | +14.72%Best | +13.37% |
| Volatility (annualized) | 16.2% | 15.1%Best |
| Max Drawdown | -39.3% | -34.1%Best |
| $10,000 over 5 years | $19,870Best | $18,728 |
| Top 10 Weight | 22.4%Best | 37.8% |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Mar 4, 2015 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Mar 4, 2015 to Sep 18, 2026 (11.5 years).
OPPE 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 11.5 years both funds cover.
OPPE vs SPY Performance
WisdomTree European Opportunities Fund (OPPE) 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 OPPE returned +25.23% while SPY returned +16.29%. Year to date, OPPE is up 16.23% versus a gain of 12.09% for SPY.
Over three years, OPPE compounded at +24.30% per year against +21.20% for SPY; over five years the annualized figures are +14.72% and +13.37% respectively. Across the full 12-year window we track, SPY has the edge at +12.52% annualized vs +9.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OPPE has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 15.1% 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 -39.3% for OPPE 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OPPE 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, OPPE currently yields 2.58% against 0.98% for SPY.
Holdings Overlap
0.1% of SPY's money is in holdings OPPE also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 91 positions we hold weights for in OPPE and 504 in SPY, against full books of 105 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for OPPE (99.3% of the fund), and 7 for OPPE that do not appear in SPY (6.8%).
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 OPPE | Weight in SPY | Difference |
|---|---|---|---|
| KRKroger Co. | 0.01% | 0.05% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of OPPE and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OPPE or SPY?
OPPE has an expense ratio of 0.58% while SPY charges 0.09%. SPY is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, OPPE or SPY?
Over the past year OPPE returned +25.23% vs +16.29% for SPY, so OPPE leads on 1-year performance. Over the longest common window we track (12 years), OPPE annualized +9.61% vs +12.52% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OPPE or SPY?
OPPE has been the more volatile fund at 16.2% annualized versus 15.1% for SPY. Worst drawdown: OPPE -39.3% vs SPY -34.1%.
Should I hold both OPPE and SPY?
OPPE and SPY have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, OPPE or SPY?
OPPE yields 2.58% while SPY yields 0.98%, so OPPE currently pays the higher dividend yield.
Is SPY better than OPPE?
SPY has a lower expense ratio. OPPE led over 1Y, 3Y and 5Y, SPY over the full window. OPPE is less concentrated, with 22.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.