SPY vs WTIP
State Street SPDR S&P 500 ETF Trust vs WisdomTree Inflation Plus Fund ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SPY | WTIP | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.65% | |
| AUM | $789.1B | $21M | |
| Dividend Yield | 1.01% | 3.85% | |
| Holdings | 505 | 35 | |
| YTD Return | +13.79% | +8.09% | |
| 1Y Return | +23.66% | +23.47% | |
| 3Y Return (annualized) | +21.40% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.3% | 12.8% | |
| Max Drawdown | -56.5% | -16.5% | |
| Fund Family | State Street Investment Management | WisdomTree Investments | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Jun 18, 2025 |
SPY vs WTIP Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and WisdomTree Inflation Plus Fund ETF (WTIP) is a ETF from WisdomTree Investments. Over the past year SPY returned +23.66% while WTIP returned +23.47%. Year to date, SPY is up 13.79% versus a gain of 8.09% for WTIP.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.8% for WTIP. 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 -56.5% for SPY and -16.5% for WTIP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while WTIP charges 0.65%. On a $10,000 position that is $9 vs $65 annually, a gap of $56 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 3.85% for WTIP.
Holdings Overlap
SPY and WTIP share 0 holdings out of 524 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or WTIP?
SPY has an expense ratio of 0.09% while WTIP charges 0.65%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, SPY or WTIP?
Over the past year SPY returned +23.66% vs +23.47% for WTIP, so SPY leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +8.85% vs +20.91% for WTIP. Past performance does not guarantee future results.
Which is riskier, SPY or WTIP?
SPY has been the more volatile fund at 15.3% annualized versus 12.8% for WTIP. Worst drawdown: SPY -56.5% vs WTIP -16.5%.
Should I hold both SPY and WTIP?
SPY and WTIP have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and WTIP?
SPY and WTIP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, SPY or WTIP?
SPY yields 1.01% while WTIP yields 3.85%, so WTIP currently pays the higher dividend yield.
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