SPY vs WELD
State Street SPDR S&P 500 ETF Trust vs Tema US Manufacturing & Reshoring ETF
Quick Verdict
SPY has a lower expense ratio. WELD delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | WELD | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.75% | |
| AUM | $789.1B | $292M | |
| Dividend Yield | 1.01% | 0.21% | |
| Holdings | 505 | 25 | |
| YTD Return | +13.75% | -7.19% | |
| 1Y Return | +22.91% | - | |
| 3Y Return (annualized) | +21.67% | - | |
| 5Y Return (annualized) | +13.32% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -14.5% | |
| Fund Family | State Street Investment Management | Tema Global Limited | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | May 10, 2023 |
SPY vs WELD Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Tema US Manufacturing & Reshoring ETF (WELD) is a ETF from Tema Global Limited. Year to date, SPY is up 13.75% versus a loss of 7.19% for WELD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -14.5% for WELD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while WELD charges 0.75%. On a $10,000 position that is $9 vs $75 annually, a gap of $66 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.21% for WELD.
Holdings Overlap
SPY and WELD share 8 holdings out of 518 unique holdings combined, representing a 1.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or WELD?
SPY has an expense ratio of 0.09% while WELD charges 0.75%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
What is the holdings overlap between SPY and WELD?
SPY and WELD share 8 common holdings with a 1.9% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, SPY or WELD?
SPY yields 1.01% while WELD yields 0.21%, so SPY currently pays the higher dividend yield.
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