SPY vs WCPB
State Street SPDR S&P 500 ETF Trust vs Weitz Core Plus Bond 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 | WCPB | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.45% | |
| AUM | $821.1B | $238M | |
| Dividend Yield | 1.01% | 4.49% | |
| Holdings | 505 | 172 | |
| YTD Return | +14.24% | +1.20% | |
| 1Y Return | +21.71% | +4.45% | |
| 3Y Return (annualized) | +22.10% | - | |
| 5Y Return (annualized) | +13.21% | - | |
| Volatility (annualized) | 15.3% | 3.0% | |
| Max Drawdown | -56.5% | -2.6% | |
| Fund Family | State Street Investment Management | Weitz Investment Management, Inc | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Aug 12, 2025 |
SPY vs WCPB Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Weitz Core Plus Bond ETF (WCPB) is a ETF from Weitz Investment Management, Inc. Over the past year SPY returned +21.71% while WCPB returned +4.45%. Year to date, SPY is up 14.24% versus a gain of 1.20% for WCPB.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.0% for WCPB. 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 -2.6% for WCPB. 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while WCPB 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 4.49% for WCPB.
Holdings Overlap
SPY and WCPB share 0 holdings out of 518 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or WCPB?
SPY has an expense ratio of 0.09% while WCPB 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 WCPB?
Over the past year SPY returned +21.71% vs +4.45% for WCPB, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.86% vs +4.17% for WCPB. Past performance does not guarantee future results.
Which is riskier, SPY or WCPB?
SPY has been the more volatile fund at 15.3% annualized versus 3.0% for WCPB. Worst drawdown: SPY -56.5% vs WCPB -2.6%.
Should I hold both SPY and WCPB?
SPY and WCPB have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and WCPB?
SPY and WCPB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, SPY or WCPB?
SPY yields 1.01% while WCPB yields 4.49%, so WCPB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.