SPY vs WBIY
State Street SPDR S&P 500 ETF Trust vs WBI Power Factor High Dividend ETF
Which is better, SPY or WBIY?
Large Cap Blend against Mid Cap Value.
SPY has a lower expense ratio. SPY led over 3Y, 5Y and the full window, WBIY over 1Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 47.8%.
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 | WBIY |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.97% |
| AUM | $804.7B | $65M |
| Dividend Yield | 0.98% | 4.06% |
| Holdings | 505 | 51 |
| YTD Return | +11.52% | +17.93%Best |
| 1Y Return | +17.48% | +23.32%Best |
| 3Y Return (annualized) | +20.62%Best | +17.47% |
| 5Y Return (annualized) | +12.73%Best | +11.59% |
| Volatility (annualized) | 15.6%Best | 21.6% |
| Max Drawdown | -34.1%Best | -52.1% |
| $10,000 over 5 years | $18,205Best | $17,303 |
| Top 10 Weight | 38.0%Best | 47.8% |
| Fund Family | State Street Investment Management | WBI Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | Jan 22, 1993 | Dec 19, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Dec 22, 2016 to Sep 10, 2026 (9.7 years).
SPY vs WBIY 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 9.7 years both funds cover.
SPY vs WBIY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and WBI Power Factor High Dividend ETF (WBIY) is an ETF from WBI Investments. Over the past year SPY returned +17.48% while WBIY returned +23.32%. Year to date, SPY is up 11.52% versus a gain of 17.93% for WBIY.
Over three years, SPY compounded at +20.62% per year against +17.47% for WBIY; over five years the annualized figures are +12.73% and +11.59% respectively. Across the full 10-year window we track, SPY has the edge at +14.16% annualized vs +6.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WBIY has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 15.6% 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 -34.1% for SPY and -52.1% for WBIY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while WBIY charges 0.97%. On a $10,000 position that is $9 vs $97 annually, a gap of $88 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 4.06% for WBIY.
Holdings Overlap
2.1% of SPY's money is in holdings WBIY also owns. 50.2% of WBIY's money is in holdings SPY also owns.
The two portfolios partly overlap.
18 positions in common, counted across the 504 positions we hold weights for in SPY and 50 in WBIY, against full books of 505 and 51.
What only one of them owns
Measured across the 504 and 50 positions we hold weights for.
SPY holds 476 positions WBIY does not, 97.4% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
Top Shared Holdings
| Stock | Weight in SPY | Weight in WBIY | Difference |
|---|---|---|---|
| VZVerizon Communications, Inc. | 0.29% | 5.34% | 5.05% |
| TAt&t, Inc. | 0.24% | 5.32% | 5.08% |
| PFEPfizer, Inc. | 0.22% | 5.04% | 4.82% |
| CMCSAComcast Corp. Class A | 0.13% | 5.13% | 5.00% |
| MOAltria Group Inc. | 0.17% | 4.29% | 4.12% |
| HPQHp Inc. | 0.04% | 4.18% | 4.14% |
| UPSUnited Parcel Service, Inc | 0.12% | 4.08% | 3.96% |
| ACNAccenture Plc | 0.16% | 2.11% | 1.95% |
| BMYBristol-Myers Squibb Co. | 0.20% | 1.69% | 1.49% |
| OKEOneok Inc. | 0.08% | 1.71% | 1.63% |
50.2% of WBIY 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.
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Frequently Asked Questions
Which is cheaper, SPY or WBIY?
SPY has an expense ratio of 0.09% while WBIY charges 0.97%. SPY is the cheaper option, by $88 a year on a $10,000 investment.
Which performed better, SPY or WBIY?
Over the past year SPY returned +17.48% vs +23.32% for WBIY, so WBIY leads on 1-year performance. Over the longest common window we track (10 years), SPY annualized +14.16% vs +6.95% for WBIY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WBIY?
WBIY has been the more volatile fund at 21.6% annualized versus 15.6% for SPY. Worst drawdown: SPY -34.1% vs WBIY -52.1%.
Should I hold both SPY and WBIY?
SPY and WBIY have a monthly-return correlation of 0.79, 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 WBIY?
50.2% of WBIY's money is in holdings SPY also owns. 50.2% of WBIY's is in holdings SPY also owns. They hold 18 positions in common, counted across the 504 positions we hold weights for in SPY and 50 in WBIY.
Which pays a higher dividend, SPY or WBIY?
SPY yields 0.98% while WBIY yields 4.06%, so WBIY currently pays the higher dividend yield.
Is WBIY better than SPY?
SPY has a lower expense ratio. SPY led over 3Y, 5Y and the full window, WBIY over 1Y. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 47.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.