SPY vs WTRE
State Street SPDR S&P 500 ETF Trust vs WisdomTree New Economy Real Estate Fund
Which is better, SPY or WTRE?
Large Cap Blend against Large Cap Value.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 44.8%.
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 | WTRE |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.58% |
| AUM | $804.7B | $15M |
| Dividend Yield | 0.98% | 2.40% |
| Holdings | 505 | 69 |
| YTD Return | +12.99%Best | +8.03% |
| 1Y Return | +16.73%Best | +6.36% |
| 3Y Return (annualized) | +22.52%Best | +15.92% |
| 5Y Return (annualized) | +13.07%Best | +0.24% |
| Volatility (annualized) | 15.6%Best | 21.1% |
| Max Drawdown | -56.5%Best | -75.9% |
| $10,000 over 5 years | $18,481Best | $10,121 |
| Top 10 Weight | 37.8%Best | 44.8% |
| Fund Family | State Street Investment Management | WisdomTree Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 22, 1993 | Jun 5, 2007 |
Volatility and max drawdown are measured over the window both funds cover: Jun 5, 2007 to Sep 23, 2026 (19.3 years).
SPY vs WTRE 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 19.3 years both funds cover.
SPY vs WTRE Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and WisdomTree New Economy Real Estate Fund (WTRE) is an ETF from WisdomTree Investments. Over the past year SPY returned +16.73% while WTRE returned +6.36%. Year to date, SPY is up 12.99% versus a gain of 8.03% for WTRE.
Over three years, SPY compounded at +22.52% per year against +15.92% for WTRE; over five years the annualized figures are +13.07% and +0.24% respectively. Across the full 19-year window we track, SPY has the edge at +9.12% annualized vs -3.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WTRE has been the more volatile fund, with annualized monthly volatility of 21.1% 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 -56.5% for SPY and -75.9% for WTRE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while WTRE charges 0.58%. On a $10,000 position that is $9 vs $58 annually, a gap of $49 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 2.40% for WTRE.
Holdings Overlap
0.7% of SPY's money is in holdings WTRE also owns. 37.4% of WTRE's money is in holdings SPY also owns.
The two portfolios partly overlap.
9 positions in common, counted across the 504 positions we hold weights for in SPY and 61 in WTRE, against full books of 505 and 69.
What only one of them owns
Our book lists 23 positions for WTRE that do not appear in our book for SPY (26.1% of the fund), and 488 for SPY that do not appear in WTRE (98.6%).
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 WTRE | Difference |
|---|---|---|---|
| EQIXEquinix Inc. Real Estate Investment Trust | 0.15% | 5.59% | 5.44% |
| PLDPrologis Inc | 0.20% | 5.53% | 5.33% |
| DLRDigital Realty Trust Inc. | 0.10% | 5.43% | 5.33% |
| AMTAmerican Tower Corporation | 0.12% | 5.10% | 4.98% |
| CCICrown Castle International Corp | 0.05% | 3.96% | 3.91% |
| IRMIron Mtn Inc New Com Npv | 0.05% | 3.84% | 3.79% |
| SBACSba Communications Corp. Class A Real Estate Investment Tru | 0.03% | 3.40% | 3.37% |
| DOCHealthpeak Properties Inc | 0.02% | 2.78% | 2.76% |
| AREAlexandria Real Estate Equities Inc. | 0.01% | 1.81% | 1.80% |
37.4% of WTRE 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 WTRE?
SPY has an expense ratio of 0.09% while WTRE charges 0.58%. SPY is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, SPY or WTRE?
Over the past year SPY returned +16.73% vs +6.36% for WTRE, so SPY leads on 1-year performance. Over the longest common window we track (19 years), SPY annualized +9.12% vs -3.34% for WTRE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WTRE?
WTRE has been the more volatile fund at 21.1% annualized versus 15.6% for SPY. Worst drawdown: SPY -56.5% vs WTRE -75.9%.
Should I hold both SPY and WTRE?
SPY and WTRE have a monthly-return correlation of 0.80, 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 WTRE?
37.4% of WTRE's money is in holdings SPY also owns. 37.4% of WTRE's is in holdings SPY also owns. They hold 9 positions in common, counted across the 504 positions we hold weights for in SPY and 61 in WTRE.
Which pays a higher dividend, SPY or WTRE?
SPY yields 0.98% while WTRE yields 2.40%, so WTRE currently pays the higher dividend yield.
Is WTRE better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 44.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.