SPY vs WINC
State Street SPDR S&P 500 ETF Trust vs Western Asset Short Duration Income ETF
Which is better, SPY or WINC?
Large Cap Blend against Short Term Bond.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
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 | WINC |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.29% |
| AUM | $823.2B | $12M |
| Dividend Yield | 0.99% | 4.42% |
| Holdings | 1,515 | 128 |
| YTD Return | +11.48%Best | -1.15% |
| 1Y Return | +12.36%Best | -1.15% |
| 3Y Return (annualized) | +23.30%Best | +4.89% |
| 5Y Return (annualized) | +11.94%Best | +1.93% |
| Volatility (annualized) | 16.3% | 16.0%Best |
| Max Drawdown | -34.1% | -32.0%Best |
| $10,000 over 5 years | $17,576Best | $11,003 |
| Fund Family | State Street Investment Management | Franklin Templeton Investments (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Short Term Bond |
| Inception | Jan 22, 1993 | Feb 7, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 8, 2019 to Oct 30, 2026 (7.7 years).
SPY vs WINC 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 covers the 7.7 years both funds cover.
SPY vs WINC Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Western Asset Short Duration Income ETF (WINC) is an ETF from Franklin Templeton Investments (US). Over the past year SPY returned +12.36% while WINC returned -1.15%. Year to date, SPY is up 11.48% versus a loss of 1.15% for WINC.
Over three years, SPY compounded at +23.30% per year against +4.89% for WINC; over five years the annualized figures are +11.94% and +1.93% respectively. Across the full 8-year window we track, SPY has the edge at +15.37% annualized vs +3.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 16.0% for WINC. 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 -34.1% for SPY and -32.0% for WINC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.23. They move largely independently of each other.
Fees and Cost Over Time
SPY charges 0.09% per year while WINC charges 0.29%. On a $10,000 position that is $9 vs $29 annually, a gap of $20 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 4.42% for WINC.
You are not choosing between two funds in isolation.
Whichever of SPY and WINC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or WINC?
SPY has an expense ratio of 0.09% while WINC charges 0.29%. SPY is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, SPY or WINC?
Over the past year SPY returned +12.36% vs -1.15% for WINC, so SPY leads on 1-year performance. Over the longest common window we track (8 years), SPY annualized +15.37% vs +3.00% for WINC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WINC?
SPY has been the more volatile fund at 16.3% annualized versus 16.0% for WINC. Worst drawdown: SPY -34.1% vs WINC -32.0%.
Should I hold both SPY and WINC?
SPY and WINC have a monthly-return correlation of 0.23, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or WINC?
SPY yields 0.99% while WINC yields 4.42%, so WINC currently pays the higher dividend yield.
Is WINC better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.