SPY vs WBIF
State Street SPDR S&P 500 ETF Trust vs WBI BullBear Value 3000 ETF
Quick Verdict
SPY has a lower expense ratio. WBIF delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | WBIF | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.65% | |
| AUM | $821.1B | $24M | |
| Dividend Yield | 1.01% | 0.06% | |
| Holdings | 505 | 70 | |
| YTD Return | +12.22% | +18.14% | |
| 1Y Return | +20.83% | +24.08% | |
| 3Y Return (annualized) | +21.70% | +10.30% | |
| 5Y Return (annualized) | +12.98% | +3.99% | |
| Volatility (annualized) | 15.3% | 12.0% | |
| Max Drawdown | -56.5% | -20.3% | |
| Fund Family | State Street Investment Management | WBI Investments | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Aug 25, 2014 |
SPY vs WBIF Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and WBI BullBear Value 3000 ETF (WBIF) is a ETF from WBI Investments. Over the past year SPY returned +20.83% while WBIF returned +24.08%. Year to date, SPY is up 12.22% versus a gain of 18.14% for WBIF.
Over three years, SPY compounded at +21.70% per year against +10.30% for WBIF; over five years the annualized figures are +12.98% and +3.99% respectively. Across the full 12-year window we track, SPY has the edge at +8.79% annualized vs +4.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.0% for WBIF. 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 -56.5% for SPY and -20.3% for WBIF. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while WBIF charges 1.65%. On a $10,000 position that is $9 vs $165 annually, a gap of $156 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.06% for WBIF.
Holdings Overlap
SPY and WBIF share 42 holdings out of 531 unique holdings combined, representing a 5.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or WBIF?
SPY has an expense ratio of 0.09% while WBIF charges 1.65%. SPY is the cheaper option. On a $10,000 investment, that is $156 per year of difference.
Which performed better, SPY or WBIF?
Over the past year SPY returned +20.83% vs +24.08% for WBIF, so WBIF leads on 1-year performance. Over the longest common window we track (12 years), SPY annualized +8.79% vs +4.19% for WBIF. Past performance does not guarantee future results.
Which is riskier, SPY or WBIF?
SPY has been the more volatile fund at 15.3% annualized versus 12.0% for WBIF. Worst drawdown: SPY -56.5% vs WBIF -20.3%.
Should I hold both SPY and WBIF?
SPY and WBIF have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and WBIF?
SPY and WBIF share 42 common holdings with a 5.9% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, SPY or WBIF?
SPY yields 1.01% while WBIF yields 0.06%, so SPY currently pays the higher dividend yield.
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