SPY vs WRND
State Street SPDR S&P 500 ETF Trust vs NYLIM Global Equity R&D Leaders ETF
Which is better, SPY or WRND?
Large Cap Blend against Large Cap Growth.
SPY has a lower expense ratio. WRND led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 49.5%.
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 | WRND |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.18% |
| AUM | $804.7B | $11M |
| Dividend Yield | 0.98% | 0.90% |
| Holdings | 505 | 209 |
| YTD Return | +13.81% | +18.72%Best |
| 1Y Return | +16.94% | +21.85%Best |
| 3Y Return (annualized) | +22.84% | +23.70%Best |
| 5Y Return (annualized) | +13.50% | - |
| Volatility (annualized) | 15.6%Best | 17.1% |
| Max Drawdown | -22.1%Best | -27.2% |
| $10,000 over 4.6 years | $18,183 | $18,823Best |
| Top 10 Weight | 37.8%Best | 49.5% |
| Fund Family | State Street Investment Management | New York Life Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 22, 1993 | Feb 8, 2022 |
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Feb 8, 2022 to Sep 22, 2026 (4.6 years).
SPY vs WRND 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 4.6 years both funds cover.
SPY vs WRND Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and NYLIM Global Equity R&D Leaders ETF (WRND) is an ETF from New York Life Investments. Over the past year SPY returned +16.94% while WRND returned +21.85%. Year to date, SPY is up 13.81% versus a gain of 18.72% for WRND.
Over three years, SPY compounded at +22.84% per year against +23.70% for WRND.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WRND has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 15.6% for SPY. 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 -22.1% for SPY and -27.2% for WRND. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while WRND charges 0.18%. On a $10,000 position that is $9 vs $18 annually, a gap of $9 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 0.90% for WRND.
Holdings Overlap
44.9% of SPY's money is in holdings WRND also owns. 54.3% of WRND's money is in holdings SPY also owns.
The two portfolios partly overlap.
67 positions in common, counted across the 504 positions we hold weights for in SPY and 202 in WRND, against full books of 505 and 209.
What only one of them owns
Our book lists 20 positions for WRND that do not appear in our book for SPY (4.5% of the fund), and 430 for SPY that do not appear in WRND (54.4%).
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 WRND | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.01% | 6.89% | 1.12% |
| AAPLApple, Inc | 7.26% | 5.60% | 1.66% |
| GOOGLAlphabet Inc,class A | 2.99% | 8.05% | 5.06% |
| MSFTMicrosoft Corp | 5.66% | 5.31% | 0.35% |
| AMZNAmazon.Com Inc | 3.79% | 4.77% | 0.98% |
| AVGOBroadcom Inc | 2.66% | 2.83% | 0.17% |
| METAMeta Platforms Inc | 1.93% | 2.90% | 0.97% |
| LLYEli Lilly & Co. | 1.40% | 2.81% | 1.41% |
| AMDAdvanced Micro Devices Inc | 1.14% | 1.23% | 0.09% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 0.69% | 0.03% |
54.3% of WRND 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 WRND?
SPY has an expense ratio of 0.09% while WRND charges 0.18%. SPY is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, SPY or WRND?
Over the past year SPY returned +16.94% vs +21.85% for WRND, so WRND leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WRND?
WRND has been the more volatile fund at 17.1% annualized versus 15.6% for SPY. Worst drawdown: SPY -22.1% vs WRND -27.2%.
Should I hold both SPY and WRND?
SPY and WRND have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPY and WRND?
54.3% of WRND's money is in holdings SPY also owns. 54.3% of WRND's is in holdings SPY also owns. They hold 67 positions in common, counted across the 504 positions we hold weights for in SPY and 202 in WRND.
Which pays a higher dividend, SPY or WRND?
SPY yields 0.98% while WRND yields 0.90%, so SPY currently pays the higher dividend yield.
Is WRND better than SPY?
SPY has a lower expense ratio. WRND led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 49.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.