SPY vs WBIG
State Street SPDR S&P 500 ETF Trust vs WBI BullBear Yield 3000 ETF
Which is better, SPY or WBIG?
Large Cap Blend against Large Cap Value.
SPY has a lower expense ratio. SPY led over 3Y, 5Y and the full window, WBIG over 1Y. WBIG is less concentrated, with 19.4% 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 | SPY | WBIG |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.59% |
| AUM | $804.7B | $33M |
| Dividend Yield | 0.98% | 0.94% |
| Holdings | 505 | 81 |
| YTD Return | +11.97% | +13.60%Best |
| 1Y Return | +16.40% | +17.78%Best |
| 3Y Return (annualized) | +21.10%Best | +7.17% |
| 5Y Return (annualized) | +12.88%Best | +2.18% |
| Volatility (annualized) | 14.9% | 11.2%Best |
| Max Drawdown | -34.1% | -25.3%Best |
| $10,000 over 5 years | $18,327Best | $11,139 |
| Top 10 Weight | 37.8% | 19.4%Best |
| Fund Family | State Street Investment Management | WBI Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 22, 1993 | Aug 25, 2014 |
Volatility and max drawdown are measured over the window both funds cover: Aug 27, 2014 to Sep 14, 2026 (12 years).
SPY vs WBIG 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 12 years both funds cover.
SPY vs WBIG Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and WBI BullBear Yield 3000 ETF (WBIG) is an ETF from WBI Investments. Over the past year SPY returned +16.40% while WBIG returned +17.78%. Year to date, SPY is up 11.97% versus a gain of 13.60% for WBIG.
Over three years, SPY compounded at +21.10% per year against +7.17% for WBIG; over five years the annualized figures are +12.88% and +2.18% respectively. Across the full 12-year window we track, SPY has the edge at +12.41% annualized vs +1.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 14.9% compared with 11.2% for WBIG. 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 -34.1% for SPY and -25.3% for WBIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while WBIG charges 1.59%. On a $10,000 position that is $9 vs $159 annually, a gap of $150 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.94% for WBIG.
Holdings Overlap
5.2% of SPY's money is in holdings WBIG also owns. 53.8% of WBIG's money is in holdings SPY also owns.
The two portfolios partly overlap.
47 positions in common, counted across the 504 positions we hold weights for in SPY and 78 in WBIG, against full books of 505 and 81.
What only one of them owns
Our book lists 25 positions for WBIG that do not appear in our book for SPY (34.8% of the fund), and 450 for SPY that do not appear in WBIG (94.1%).
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 SPY | Weight in WBIG | Difference |
|---|---|---|---|
| TBBAt&t Inc | 0.27% | 1.75% | 1.48% |
| UPSUnited Parcel Service, Inc | 0.12% | 1.83% | 1.71% |
| ORCLOracle Corp - Common | 0.36% | 1.52% | 1.16% |
| OKEOneok Inc. | 0.09% | 1.78% | 1.69% |
| HPQHp Inc. | 0.04% | 1.82% | 1.78% |
| KMBKimberly-Clark Corp. | 0.05% | 1.79% | 1.74% |
| GISGeneral Mills In | 0.03% | 1.81% | 1.78% |
| FISFidelity National Information Srvcs Inc | 0.03% | 1.75% | 1.72% |
| LMTLockheed Martin Corp | 0.17% | 1.57% | 1.40% |
| BBYBest Buy Co. Inc. | 0.02% | 1.72% | 1.70% |
53.8% of WBIG 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, SPY or WBIG?
SPY has an expense ratio of 0.09% while WBIG charges 1.59%. SPY is the cheaper option, by $150 a year on a $10,000 investment.
Which performed better, SPY or WBIG?
Over the past year SPY returned +16.40% vs +17.78% for WBIG, so WBIG leads on 1-year performance. Over the longest common window we track (12 years), SPY annualized +12.41% vs +1.35% for WBIG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WBIG?
SPY has been the more volatile fund at 14.9% annualized versus 11.2% for WBIG. Worst drawdown: SPY -34.1% vs WBIG -25.3%.
Should I hold both SPY and WBIG?
SPY and WBIG have a monthly-return correlation of 0.75, 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 SPY and WBIG?
53.8% of WBIG's money is in holdings SPY also owns. 53.8% of WBIG's is in holdings SPY also owns. They hold 47 positions in common, counted across the 504 positions we hold weights for in SPY and 78 in WBIG.
Which pays a higher dividend, SPY or WBIG?
SPY yields 0.98% while WBIG yields 0.94%, so SPY currently pays the higher dividend yield.
Is WBIG better than SPY?
SPY has a lower expense ratio. SPY led over 3Y, 5Y and the full window, WBIG over 1Y. WBIG is less concentrated, with 19.4% 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.