SPY vs WEPN
State Street SPDR S&P 500 ETF Trust vs Nicholas Defense and Rare Earth Income ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | WEPN | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 1.11% | |
| AUM | $821.1B | $7M | |
| Dividend Yield | 1.01% | 5.62% | |
| Holdings | 505 | 30 | |
| YTD Return | +12.68% | -2.58% | |
| 1Y Return | +21.82% | - | |
| 3Y Return (annualized) | +21.98% | - | |
| 5Y Return (annualized) | +12.89% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -18.3% | |
| Fund Family | State Street Investment Management | XFunds | |
| Category | Equity | Alternative | |
| Inception | Jan 22, 1993 | Mar 3, 2026 |
SPY vs WEPN Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Nicholas Defense and Rare Earth Income ETF (WEPN) is a ETF from XFunds. Year to date, SPY is up 12.68% versus a loss of 2.58% for WEPN.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -18.3% for WEPN. 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 WEPN charges 1.11%. On a $10,000 position that is $9 vs $111 annually, a gap of $102 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 5.62% for WEPN.
Holdings Overlap
SPY and WEPN share 9 holdings out of 525 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or WEPN?
SPY has an expense ratio of 0.09% while WEPN charges 1.11%. SPY is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
What is the holdings overlap between SPY and WEPN?
SPY and WEPN share 9 common holdings with a 2.2% weight overlap. Combined, they hold 525 unique securities.
Which pays a higher dividend, SPY or WEPN?
SPY yields 1.01% while WEPN yields 5.62%, so WEPN currently pays the higher dividend yield.
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