OPPG vs SPY
WisdomTree GeoAlpha Opportunities Fund ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, OPPG or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. OPPG is less concentrated, with 32.0% of the fund in its ten largest positions against 38.2%.
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 | OPPG | SPY |
|---|---|---|
| Expense Ratio | 0.58% | 0.09%Best |
| AUM | $3M | $823.2B |
| Dividend Yield | 0.55% | 0.99% |
| Holdings | 75 | 1,515 |
| YTD Return | +8.62% | +13.53%Best |
| 1Y Return | +15.44% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 13.3% | 11.9%Best |
| Max Drawdown | -11.7% | -8.9%Best |
| $10,000 over 1.3 years | $12,200 | $12,649Best |
| Top 10 Weight | 32.0%Best | 38.2% |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 8, 2025 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 8, 2025 to Oct 14, 2026 (1.3 years).
OPPG vs SPY 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 1.3 years both funds cover.
OPPG vs SPY Performance
WisdomTree GeoAlpha Opportunities Fund ETF (OPPG) is an ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year OPPG returned +15.44% while SPY returned +17.47%. Year to date, OPPG is up 8.62% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OPPG has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 11.9% 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 -11.7% for OPPG and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OPPG charges 0.58% per year while SPY charges 0.09%. On a $10,000 position that is $58 vs $9 annually, a gap of $49 per year that compounds over a long holding period. On income, OPPG currently yields 0.55% against 0.99% for SPY.
Holdings Overlap
41.0% of OPPG's money is in holdings SPY also owns. 8.1% of SPY's money is in holdings OPPG also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 64 positions we hold weights for in OPPG and 504 in SPY, against full books of 75 and 1,515.
What only one of them owns
Our book lists 472 positions for SPY that do not appear in our book for OPPG (90.9% of the fund), and 6 for OPPG that do not appear in SPY (7.4%).
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 OPPG | Weight in SPY | Difference |
|---|---|---|---|
| METAMeta Platforms Inc | 8.15% | 2.22% | 5.93% |
| GOOGLAlphabet Inc | 3.21% | 3.12% | 0.09% |
| CRMSalesforce Inc Crm Us Equity | 3.07% | 0.32% | 2.75% |
| UPSUnited Parcel Service, Inc | 2.62% | 0.12% | 2.50% |
| QCOMQualcomm Inc. | 1.89% | 0.29% | 1.60% |
| ADBEAdobe Systems | 1.90% | 0.16% | 1.74% |
| KRKroger Co. | 1.99% | 0.05% | 1.94% |
| KMBKimberly-Clark Corp. | 1.66% | 0.05% | 1.61% |
| SWKStanley Black Decker Inc. | 1.60% | 0.02% | 1.58% |
| DEDeere & Co Sedol 2261203 | 1.23% | 0.26% | 0.97% |
41.0% of OPPG 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, OPPG or SPY?
OPPG has an expense ratio of 0.58% while SPY charges 0.09%. SPY is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, OPPG or SPY?
Over the past year OPPG returned +15.44% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), OPPG annualized +16.53% vs +19.81% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OPPG or SPY?
OPPG has been the more volatile fund at 13.3% annualized versus 11.9% for SPY. Worst drawdown: OPPG -11.7% vs SPY -8.9%.
Should I hold both OPPG and SPY?
OPPG and SPY have a monthly-return correlation of 0.75, 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 OPPG and SPY?
41.0% of OPPG's money is in holdings SPY also owns. 8.1% of SPY's is in holdings OPPG also owns. They hold 24 positions in common, counted across the 64 positions we hold weights for in OPPG and 504 in SPY.
Which pays a higher dividend, OPPG or SPY?
OPPG yields 0.55% while SPY yields 0.99%, so SPY currently pays the higher dividend yield.
Is SPY better than OPPG?
SPY has a lower expense ratio. SPY led over 1Y and the full window. OPPG is less concentrated, with 32.0% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.