OPPE vs SPY
WisdomTree European Opportunities Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. OPPE delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | OPPE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.81% | 0.09% | |
| AUM | $285M | $789.1B | |
| Dividend Yield | 2.74% | 1.01% | |
| Holdings | 105 | 505 | |
| YTD Return | +18.52% | +13.79% | |
| 1Y Return | +29.98% | +23.66% | |
| 3Y Return (annualized) | +25.14% | +21.40% | |
| 5Y Return (annualized) | +14.65% | +13.37% | |
| Volatility (annualized) | 16.3% | 15.3% | |
| Max Drawdown | -39.3% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 4, 2015 | Jan 22, 1993 |
OPPE vs SPY Performance
WisdomTree European Opportunities Fund (OPPE) 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 OPPE returned +29.98% while SPY returned +23.66%. Year to date, OPPE is up 18.52% versus a gain of 13.79% for SPY.
Over three years, OPPE compounded at +25.14% per year against +21.40% for SPY; over five years the annualized figures are +14.65% and +13.37% respectively. Across the full 11-year window we track, OPPE has the edge at +9.89% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OPPE has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 15.3% 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 -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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OPPE charges 0.81% per year while SPY charges 0.09%. On a $10,000 position that is $81 vs $9 annually, a gap of $72 per year that compounds over a long holding period. On income, OPPE currently yields 2.74% against 1.01% for SPY.
Holdings Overlap
OPPE and SPY share 1 holdings out of 590 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in OPPE | Weight in SPY | Difference |
|---|---|---|---|
| KR | 0.00% | 0.05% | 0.05% |
Frequently Asked Questions
Which is cheaper, OPPE or SPY?
OPPE has an expense ratio of 0.81% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, OPPE or SPY?
Over the past year OPPE returned +29.98% vs +23.66% for SPY, so OPPE leads on 1-year performance. Over the longest common window we track (11 years), OPPE annualized +9.89% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, OPPE or SPY?
OPPE has been the more volatile fund at 16.3% annualized versus 15.3% for SPY. Worst drawdown: OPPE -39.3% vs SPY -56.5%.
Should I hold both OPPE and SPY?
OPPE and SPY have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OPPE and SPY?
OPPE and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 590 unique securities.
Which pays a higher dividend, OPPE or SPY?
OPPE yields 2.74% while SPY yields 1.01%, so OPPE currently pays the higher dividend yield.
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