PWER vs SPY
Nomura Energy Transition ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PWER or SPY?
PWER has been ahead.
SPY has a lower expense ratio. PWER led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 47.9%.
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 | PWER | SPY |
|---|---|---|
| Expense Ratio | 0.79% | 0.09%Best |
| AUM | $12M | $811.2B |
| Dividend Yield | 0.73% | 0.98% |
| Holdings | 66 | 1,515 |
| YTD Return | +22.54%Best | +12.70% |
| 1Y Return | +33.08%Best | +15.53% |
| 3Y Return (annualized) | - | +22.86% |
| 5Y Return (annualized) | - | +13.47% |
| Volatility (annualized) | 20.4% | 11.6%Best |
| Max Drawdown | -30.0% | -18.8%Best |
| $10,000 over 2.8 years | $17,668Best | $17,291 |
| Top 10 Weight | 47.9% | 38.2%Best |
| Fund Family | Nomura Asset Management Co Ltd | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 28, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 29, 2023 to Oct 1, 2026 (2.8 years).
PWER 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 2.8 years both funds cover.
PWER vs SPY Performance
Nomura Energy Transition ETF (PWER) is an ETF from Nomura Asset Management Co Ltd and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PWER returned +33.08% while SPY returned +15.53%. Year to date, PWER is up 22.54% versus a gain of 12.70% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWER has been the more volatile fund, with annualized monthly volatility of 20.4% compared with 11.6% 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 -30.0% for PWER and -18.8% 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PWER charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, PWER currently yields 0.73% against 0.98% for SPY.
Holdings Overlap
47.1% of PWER's money is in holdings SPY also owns. 1.5% of SPY's money is in holdings PWER also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 32 positions we hold weights for in PWER and 504 in SPY, against full books of 66 and 1,515.
What only one of them owns
Our book lists 483 positions for SPY that do not appear in our book for PWER (97.7% of the fund), and 9 for PWER that do not appear in SPY (26.8%).
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 PWER | Weight in SPY | Difference |
|---|---|---|---|
| VLOValero Energy | 6.49% | 0.17% | 6.32% |
| STLDSteel Dynamics, Inc. | 5.93% | 0.05% | 5.88% |
| COPConocophillips Common Stock USD 0.01 | 4.78% | 0.25% | 4.53% |
| EOGEog Resources Inc | 4.08% | 0.12% | 3.96% |
| FSLRFirst Solar, Inc | 3.82% | 0.03% | 3.79% |
| AEPAmerican Electric Power Co Inc | 3.30% | 0.10% | 3.20% |
| XELXcel Energy Inc. | 3.20% | 0.07% | 3.13% |
| EQTEQT Corp. | 3.07% | 0.05% | 3.02% |
| BKRBaker Hughes Co | 2.84% | 0.09% | 2.75% |
| GEVGe Vernova, Inc. | 2.50% | 0.36% | 2.14% |
47.1% of PWER is already inside SPY.
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, PWER or SPY?
PWER has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option, by $70 a year on a $10,000 investment.
Which performed better, PWER or SPY?
Over the past year PWER returned +33.08% vs +15.53% for SPY, so PWER leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PWER or SPY?
PWER has been the more volatile fund at 20.4% annualized versus 11.6% for SPY. Worst drawdown: PWER -30.0% vs SPY -18.8%.
Should I hold both PWER and SPY?
PWER and SPY have a monthly-return correlation of 0.51, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PWER and SPY?
47.1% of PWER's money is in holdings SPY also owns. 1.5% of SPY's is in holdings PWER also owns. They hold 14 positions in common, counted across the 32 positions we hold weights for in PWER and 504 in SPY.
Which pays a higher dividend, PWER or SPY?
PWER yields 0.73% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than PWER?
SPY has a lower expense ratio. PWER led over 1Y and the full window. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 47.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.