SPY vs WEPN
State Street SPDR S&P 500 ETF Trust vs Nicholas Defense and Rare Earth Income ETF
Which is better, SPY or WEPN?
Large Cap Blend against Multi Alternative.
SPY has a lower expense ratio. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 57.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | WEPN |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.11% |
| AUM | $804.7B | $7M |
| Dividend Yield | 0.98% | 5.97% |
| Holdings | 505 | 87 |
| YTD Return | +11.52%Best | -8.50% |
| 1Y Return | +17.48% | - |
| 3Y Return (annualized) | +20.62% | - |
| 5Y Return (annualized) | +12.73% | - |
| Top 10 Weight | 38.0%Best | 57.3% |
| Fund Family | State Street Investment Management | XFunds |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | Jan 22, 1993 | Mar 3, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs WEPN growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs WEPN Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Nicholas Defense and Rare Earth Income ETF (WEPN) is an ETF from XFunds. Year to date, SPY is up 11.52% versus a loss of 8.50% for WEPN.
Past performance does not guarantee future results.
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 0.98% against 5.97% for WEPN.
Holdings Overlap
2.2% of SPY's money is in holdings WEPN also owns. 41.6% of WEPN's money is in holdings SPY also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 504 positions we hold weights for in SPY and 30 in WEPN, against full books of 505 and 87.
What only one of them owns
Our book lists 18 positions for WEPN that do not appear in our book for SPY (55.0% of the fund), and 485 for SPY that do not appear in WEPN (97.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPY | Weight in WEPN | Difference |
|---|---|---|---|
| PANWPalo Alto Networks Inc. | 0.45% | 9.56% | 9.11% |
| CRWDCrowdstrike Holdings Inc. Class A | 0.32% | 8.14% | 7.82% |
| PLTRPalantir Technologies Inc | 0.56% | 4.99% | 4.43% |
| RTXRtx Corp. | 0.44% | 4.05% | 3.61% |
| AXONAxon Enterprise Inc | 0.07% | 4.28% | 4.21% |
| LMTLockheed Martin Corp | 0.18% | 3.41% | 3.23% |
| NOCNorthrop Grumman Corp. | 0.11% | 2.94% | 2.83% |
| HIIHuntington Ingalls Industries Inc. | 0.02% | 2.67% | 2.65% |
| ALBAlbemarle Corp. | 0.02% | 1.58% | 1.56% |
41.6% of WEPN is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $102 a year on a $10,000 investment.
What is the holdings overlap between SPY and WEPN?
41.6% of WEPN's money is in holdings SPY also owns. 41.6% of WEPN's is in holdings SPY also owns. They hold 9 positions in common, counted across the 504 positions we hold weights for in SPY and 30 in WEPN.
Which pays a higher dividend, SPY or WEPN?
SPY yields 0.98% while WEPN yields 5.97%, so WEPN currently pays the higher dividend yield.
Is WEPN better than SPY?
SPY has a lower expense ratio. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 57.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.