SPY vs YLDW
State Street SPDR S&P 500 ETF Trust vs Westwood Enhanced Income Opportunity ETF
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | YLDW | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.79% | |
| AUM | $821.1B | $38M | |
| Dividend Yield | 1.01% | 5.19% | |
| Holdings | 505 | 146 | |
| YTD Return | +12.22% | +7.17% | |
| 1Y Return | +20.83% | - | |
| 3Y Return (annualized) | +21.70% | - | |
| 5Y Return (annualized) | +12.98% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -5.7% | |
| Fund Family | State Street Investment Management | Westwood Funds | |
| Category | Equity | Allocation/Balanced | |
| Inception | Jan 22, 1993 | Dec 11, 2025 |
SPY vs YLDW Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Westwood Enhanced Income Opportunity ETF (YLDW) is a ETF from Westwood Funds. Year to date, SPY is up 12.22% versus a gain of 7.17% for YLDW.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -5.7% for YLDW. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPY charges 0.09% per year while YLDW charges 0.79%. On a $10,000 position that is $9 vs $79 annually, a gap of $70 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 5.19% for YLDW.
Holdings Overlap
SPY and YLDW share 32 holdings out of 514 unique holdings combined, representing a 20.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or YLDW?
SPY has an expense ratio of 0.09% while YLDW charges 0.79%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
What is the holdings overlap between SPY and YLDW?
SPY and YLDW share 32 common holdings with a 20.8% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, SPY or YLDW?
SPY yields 1.01% while YLDW yields 5.19%, so YLDW currently pays the higher dividend yield.
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