SPY vs WCEO
State Street SPDR S&P 500 ETF Trust vs Hypatia Women CEO ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | WCEO | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.85% | |
| AUM | $814.4B | $12M | |
| Dividend Yield | 1.01% | 0.55% | |
| Holdings | 505 | 166 | |
| YTD Return | +12.60% | +16.84% | |
| 1Y Return | +20.83% | +19.97% | |
| 3Y Return (annualized) | +20.98% | +15.35% | |
| 5Y Return (annualized) | +12.56% | - | |
| Volatility (annualized) | 15.3% | 16.1% | |
| Max Drawdown | -56.5% | -25.9% | |
| Fund Family | State Street Investment Management | Hypatia Invest | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Jan 6, 2023 |
SPY vs WCEO Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Hypatia Women CEO ETF (WCEO) is a ETF from Hypatia Invest. Over the past year SPY returned +20.83% while WCEO returned +19.97%. Year to date, SPY is up 12.60% versus a gain of 16.84% for WCEO.
Over three years, SPY compounded at +20.98% per year against +15.35% for WCEO. Across the full 4-year window we track, WCEO has the edge at +12.83% annualized vs +8.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WCEO has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.3% 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 -56.5% for SPY and -25.9% for WCEO. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while WCEO charges 0.85%. On a $10,000 position that is $9 vs $85 annually, a gap of $76 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.55% for WCEO.
Holdings Overlap
SPY and WCEO share 42 holdings out of 622 unique holdings combined, representing a 4.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or WCEO?
SPY has an expense ratio of 0.09% while WCEO charges 0.85%. SPY is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, SPY or WCEO?
Over the past year SPY returned +20.83% vs +19.97% for WCEO, so SPY leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +8.79% vs +12.83% for WCEO. Past performance does not guarantee future results.
Which is riskier, SPY or WCEO?
WCEO has been the more volatile fund at 16.1% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs WCEO -25.9%.
Should I hold both SPY and WCEO?
SPY and WCEO have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and WCEO?
SPY and WCEO share 42 common holdings with a 4.6% weight overlap. Combined, they hold 622 unique securities.
Which pays a higher dividend, SPY or WCEO?
SPY yields 1.01% while WCEO yields 0.55%, so SPY currently pays the higher dividend yield.
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