SPY vs WTIU
State Street SPDR S&P 500 ETF Trust vs MicroSectors Energy 3X Leveraged ETN
Which is better, SPY or WTIU?
Large Cap Blend against Energy.
SPY has a lower expense ratio. SPY led over 3Y and the full window, WTIU over 1Y. SPY is less concentrated, with 38.9% of the fund in its ten largest positions against 91.5%.
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 | WTIU |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.95% |
| AUM | $777.9B | $30M |
| Dividend Yield | 1.00% | 0.00% |
| Holdings | 1,011 | 12 |
| YTD Return | +8.47% | +100.41%Best |
| 1Y Return | +10.88% | +109.20%Best |
| 3Y Return (annualized) | +20.41%Best | +7.22% |
| 5Y Return (annualized) | +10.90% | - |
| Volatility (annualized) | 12.3%Best | 69.7% |
| Max Drawdown | -18.8%Best | -75.7% |
| $10,000 over 3.7 years | $18,547Best | $8,846 |
| Top 10 Weight | 38.9%Best | 91.5% |
| Fund Family | State Street Investment Management | UBS AG |
| Category | Equity | Commodity |
| Style | Large Cap Blend | Energy |
| Inception | Jan 22, 1993 | Jan 4, 2017 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 15, 2023 to Nov 6, 2026 (3.7 years).
SPY vs WTIU 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 3.7 years both funds cover.
SPY vs WTIU Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and MicroSectors Energy 3X Leveraged ETN (WTIU) is an ETF from UBS AG. Over the past year SPY returned +10.88% while WTIU returned +109.20%. Year to date, SPY is up 8.47% versus a gain of 100.41% for WTIU.
Over three years, SPY compounded at +20.41% per year against +7.22% for WTIU. Across the full 4-year window we track, SPY has the edge at +18.17% annualized vs -3.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WTIU has been the more volatile fund, with annualized monthly volatility of 69.7% compared with 12.3% 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 -18.8% for SPY and -75.7% for WTIU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.01. They move largely independently of each other.
Fees and Cost Over Time
SPY charges 0.09% per year while WTIU charges 0.95%. On a $10,000 position that is $9 vs $95 annually, a gap of $86 per year that compounds over a long holding period. On income, SPY currently yields 1.00% against 0.00% for WTIU.
Holdings Overlap
3.0% of SPY's money is in holdings WTIU also owns. 100.0% of WTIU's money is in holdings SPY also owns.
Most of WTIU is already inside SPY. Owning both mostly buys the same companies twice.
12 positions in common, counted across the 504 positions we hold weights for in SPY and 12 in WTIU, against full books of 1,011 and 12.
What only one of them owns
Measured across the 504 and 12 positions we hold weights for.
SPY holds 487 positions WTIU does not, 96.7% of the fund.
Largest: NVDA 8.05%, AAPL 7.53%, MSFT 5.96%, AMZN 3.75%, GOOGL 3.07%
Top Shared Holdings
| Stock | Weight in SPY | Weight in WTIU | Difference |
|---|---|---|---|
| XOMExxonmobil Holdings Corp Common Stock Usd | 1.09% | 15.60% | 14.51% |
| CVXChevron Corp | 0.66% | 15.73% | 15.07% |
| VLOValero Energy | 0.20% | 10.05% | 9.85% |
| COPConocophillips Common Stock USD 0.01 | 0.26% | 9.35% | 9.09% |
| MPCMarathon Petroleum Corp. | 0.20% | 9.03% | 8.83% |
| PSXPhillips 66 | 0.18% | 7.98% | 7.80% |
| DVNDevon Energy Corp. | 0.08% | 6.42% | 6.34% |
| OXYOccidental Petroleum Corp. | 0.07% | 6.12% | 6.05% |
| FANGDiamondback Energy Inc. | 0.06% | 5.65% | 5.59% |
| EOGEog Resources Inc | 0.12% | 5.53% | 5.41% |
100.0% of WTIU 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 WTIU?
SPY has an expense ratio of 0.09% while WTIU charges 0.95%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, SPY or WTIU?
Over the past year SPY returned +10.88% vs +109.20% for WTIU, so WTIU leads on 1-year performance. Over the longest common window we track (4 years), SPY annualized +18.17% vs -3.26% for WTIU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WTIU?
WTIU has been the more volatile fund at 69.7% annualized versus 12.3% for SPY. Worst drawdown: SPY -18.8% vs WTIU -75.7%.
Should I hold both SPY and WTIU?
SPY and WTIU have a monthly-return correlation of -0.01, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and WTIU?
100.0% of WTIU's money is in holdings SPY also owns. 100.0% of WTIU's is in holdings SPY also owns. They hold 12 positions in common, counted across the 504 positions we hold weights for in SPY and 12 in WTIU.
Which pays a higher dividend, SPY or WTIU?
SPY yields 1.00% while WTIU yields 0.00%, so SPY currently pays the higher dividend yield.
Is WTIU better than SPY?
SPY has a lower expense ratio. SPY led over 3Y and the full window, WTIU over 1Y. SPY is less concentrated, with 38.9% of the fund in its ten largest positions against 91.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.