OPPJ vs SPY
WisdomTree Japan Opportunities Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, OPPJ or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. OPPJ led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 50.6%.
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 | OPPJ | SPY |
|---|---|---|
| Expense Ratio | 0.58% | 0.09%Best |
| AUM | $284M | $814.4B |
| Dividend Yield | 1.13% | 1.01% |
| Holdings | 92 | 505 |
| YTD Return | +28.50%Best | +12.71% |
| 1Y Return | +44.18%Best | +19.36% |
| 3Y Return (annualized) | +31.21%Best | +21.09% |
| 5Y Return (annualized) | +24.62%Best | +12.69% |
| Volatility (annualized) | 14.8% | 14.4%Best |
| Max Drawdown | -41.7% | -34.1%Best |
| $10,000 over 5 years | $30,057Best | $18,173 |
| Top 10 Weight | 50.6% | 38.0%Best |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Jun 28, 2013 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 28, 2013 to Sep 8, 2026 (13.2 years).
OPPJ 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 13.2 years both funds cover.
OPPJ vs SPY Performance
WisdomTree Japan Opportunities Fund (OPPJ) 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 OPPJ returned +44.18% while SPY returned +19.36%. Year to date, OPPJ is up 28.50% versus a gain of 12.71% for SPY.
Over three years, OPPJ compounded at +31.21% per year against +21.09% for SPY; over five years the annualized figures are +24.62% and +12.69% respectively. Across the full 13-year window we track, OPPJ has the edge at +13.44% annualized vs +13.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OPPJ has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.4% 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 -41.7% for OPPJ 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 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OPPJ 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, OPPJ currently yields 1.13% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 89 holdings in OPPJ and 503 in SPY, totalling 99.8% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 89 positions we hold weights for in OPPJ and 503 in SPY, against full books of 92 and 505.
What only one of them owns
Our book lists 493 positions for SPY that do not appear in our book for OPPJ (99.4% of the fund), and 1 for OPPJ that do not appear in SPY (0.0%).
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.
You are not choosing between two funds in isolation.
Whichever of OPPJ 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, OPPJ or SPY?
OPPJ 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, OPPJ or SPY?
Over the past year OPPJ returned +44.18% vs +19.36% for SPY, so OPPJ leads on 1-year performance. Over the longest common window we track (13 years), OPPJ annualized +13.44% vs +13.21% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OPPJ or SPY?
OPPJ has been the more volatile fund at 14.8% annualized versus 14.4% for SPY. Worst drawdown: OPPJ -41.7% vs SPY -34.1%.
Should I hold both OPPJ and SPY?
OPPJ and SPY have a monthly-return correlation of 0.48, 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, OPPJ or SPY?
OPPJ yields 1.13% while SPY yields 1.01%, so OPPJ currently pays the higher dividend yield.
Is SPY better than OPPJ?
SPY has a lower expense ratio. OPPJ led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 50.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.