SPY vs WCLD
State Street SPDR S&P 500 ETF Trust vs WisdomTree Cloud Computing Fund
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 | WCLD | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.45% | |
| AUM | $814.4B | $366M | |
| Dividend Yield | 1.01% | 0.00% | |
| Holdings | 505 | 66 | |
| YTD Return | +12.60% | +20.98% | |
| 1Y Return | +20.83% | +16.80% | |
| 3Y Return (annualized) | +20.98% | +8.26% | |
| 5Y Return (annualized) | +12.56% | -7.99% | |
| Volatility (annualized) | 15.3% | 31.3% | |
| Max Drawdown | -56.5% | -64.9% | |
| Fund Family | State Street Investment Management | WisdomTree Investments | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Sep 6, 2019 |
SPY vs WCLD Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and WisdomTree Cloud Computing Fund (WCLD) is a ETF from WisdomTree Investments. Over the past year SPY returned +20.83% while WCLD returned +16.80%. Year to date, SPY is up 12.60% versus a gain of 20.98% for WCLD.
Over three years, SPY compounded at +20.98% per year against +8.26% for WCLD; over five years the annualized figures are +12.56% and -7.99% respectively. Across the full 7-year window we track, SPY has the edge at +8.79% annualized vs +7.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WCLD has been the more volatile fund, with annualized monthly volatility of 31.3% 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 -64.9% for WCLD. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while WCLD charges 0.45%. On a $10,000 position that is $9 vs $45 annually, a gap of $36 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.00% for WCLD.
Holdings Overlap
SPY and WCLD share 9 holdings out of 560 unique holdings combined, representing a 2.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or WCLD?
SPY has an expense ratio of 0.09% while WCLD charges 0.45%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, SPY or WCLD?
Over the past year SPY returned +20.83% vs +16.80% for WCLD, so SPY leads on 1-year performance. Over the longest common window we track (7 years), SPY annualized +8.79% vs +7.12% for WCLD. Past performance does not guarantee future results.
Which is riskier, SPY or WCLD?
WCLD has been the more volatile fund at 31.3% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs WCLD -64.9%.
Should I hold both SPY and WCLD?
SPY and WCLD have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and WCLD?
SPY and WCLD share 9 common holdings with a 2.1% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, SPY or WCLD?
SPY yields 1.01% while WCLD yields 0.00%, so SPY currently pays the higher dividend yield.
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