SPY vs WIP
State Street SPDR S&P 500 ETF Trust vs State Street SPDR FTSE International Government Inflation-Protected Bond ETF
Which is better, SPY or WIP?
Large Cap Blend against Long Term Low Quality.
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 | WIP |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.50% |
| AUM | $804.7B | $470M |
| Dividend Yield | 0.98% | 6.06% |
| Holdings | 505 | 199 |
| YTD Return | +12.19%Best | +5.33% |
| 1Y Return | +18.53%Best | +8.29% |
| 3Y Return (annualized) | +20.88%Best | +5.42% |
| 5Y Return (annualized) | +12.69%Best | -0.56% |
| Volatility (annualized) | 15.7% | 11.1%Best |
| Max Drawdown | -52.4% | -34.4%Best |
| $10,000 over 5 years | $18,173Best | $9,723 |
| Fund Family | State Street Investment Management | SPDR State Street Global Advisors |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Long Term Low Quality |
| Inception | Jan 22, 1993 | Mar 13, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 19, 2008 to Sep 9, 2026 (18.5 years).
SPY vs WIP 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 WIP Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and State Street SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) is an ETF from SPDR State Street Global Advisors. Over the past year SPY returned +18.53% while WIP returned +8.29%. Year to date, SPY is up 12.19% versus a gain of 5.33% for WIP.
Over three years, SPY compounded at +20.88% per year against +5.42% for WIP; over five years the annualized figures are +12.69% and -0.56% respectively. Across the full 19-year window we track, SPY has the edge at +10.48% annualized vs -0.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 11.1% for WIP. 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 -52.4% for SPY and -34.4% for WIP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPY charges 0.09% per year while WIP charges 0.50%. On a $10,000 position that is $9 vs $50 annually, a gap of $41 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 6.06% for WIP.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 7 in WIP, totalling 100.0% and 3.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 7 in WIP, against full books of 505 and 199.
You are not choosing between two funds in isolation.
Whichever of SPY and WIP 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 WIP?
SPY has an expense ratio of 0.09% while WIP charges 0.50%. SPY is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, SPY or WIP?
Over the past year SPY returned +18.53% vs +8.29% for WIP, so SPY leads on 1-year performance. Over the longest common window we track (19 years), SPY annualized +10.48% vs -0.44% for WIP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WIP?
SPY has been the more volatile fund at 15.7% annualized versus 11.1% for WIP. Worst drawdown: SPY -52.4% vs WIP -34.4%.
Should I hold both SPY and WIP?
SPY and WIP have a monthly-return correlation of 0.64, 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 WIP?
SPY yields 0.98% while WIP yields 6.06%, so WIP currently pays the higher dividend yield.
Is WIP 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.