SPY vs WBIL
State Street SPDR S&P 500 ETF Trust vs WBI BullBear Quality 3000 ETF
Which is better, SPY or WBIL?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. WBIL is less concentrated, with 23.0% 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 | SPY | WBIL |
|---|---|---|
| Expense Ratio | 0.09%Best | 1.55% |
| AUM | $823.2B | $30M |
| Dividend Yield | 0.99% | 0.04% |
| Holdings | 1,515 | 142 |
| YTD Return | +13.53% | +14.67%Best |
| 1Y Return | +17.47%Best | +14.68% |
| 3Y Return (annualized) | +22.36%Best | +10.76% |
| 5Y Return (annualized) | +13.21%Best | +6.30% |
| Volatility (annualized) | 14.8% | 11.9%Best |
| Max Drawdown | -34.1% | -25.3%Best |
| $10,000 over 5 years | $18,596Best | $13,573 |
| Top 10 Weight | 38.2% | 23.0%Best |
| Fund Family | State Street Investment Management | WBI Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Aug 25, 2014 |
Volatility and max drawdown are measured over the window both funds cover: Aug 27, 2014 to Oct 14, 2026 (12.1 years).
SPY vs WBIL 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 12.1 years both funds cover.
SPY vs WBIL Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and WBI BullBear Quality 3000 ETF (WBIL) is an ETF from WBI Investments. Over the past year SPY returned +17.47% while WBIL returned +14.68%. Year to date, SPY is up 13.53% versus a gain of 14.67% for WBIL.
Over three years, SPY compounded at +22.36% per year against +10.76% for WBIL; over five years the annualized figures are +13.21% and +6.30% respectively. Across the full 12-year window we track, SPY has the edge at +12.44% annualized vs +4.57%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 11.9% for WBIL. 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 -34.1% for SPY and -25.3% for WBIL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while WBIL charges 1.55%. On a $10,000 position that is $9 vs $155 annually, a gap of $146 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 0.04% for WBIL.
Holdings Overlap
17.9% of SPY's money is in holdings WBIL also owns. 84.7% of WBIL's money is in holdings SPY also owns.
Most of WBIL is already inside SPY. Owning both mostly buys the same companies twice.
56 positions in common, counted across the 504 positions we hold weights for in SPY and 64 in WBIL, against full books of 1,515 and 142.
What only one of them owns
Our book lists 7 positions for WBIL that do not appear in our book for SPY (12.7% of the fund), and 440 for SPY that do not appear in WBIL (81.2%).
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 WBIL | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 1.59% | 2.38% | 0.79% |
| METAMeta Platform Inc | 2.22% | 1.65% | 0.57% |
| BRK.BBrk/B | 1.44% | 1.92% | 0.48% |
| AMDAdvanced Micro Devices Inc | 1.22% | 1.69% | 0.47% |
| VVisa Inc-class A Shares | 0.95% | 1.94% | 0.99% |
| DELLDell Technologies Inc. | 0.24% | 2.51% | 2.27% |
| AMGNAmgen Inc. | 0.31% | 2.15% | 1.84% |
| ANETArista Networks Inc Common Stock | 0.30% | 2.10% | 1.80% |
| SMCISuper Micro Computer Inc Common Stock USD.001 | 0.03% | 2.37% | 2.34% |
| APHAmphenol Corp. Class A | 0.29% | 2.10% | 1.81% |
84.7% of WBIL 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 WBIL?
SPY has an expense ratio of 0.09% while WBIL charges 1.55%. SPY is the cheaper option, by $146 a year on a $10,000 investment.
Which performed better, SPY or WBIL?
Over the past year SPY returned +17.47% vs +14.68% for WBIL, so SPY leads on 1-year performance. Over the longest common window we track (12 years), SPY annualized +12.44% vs +4.57% for WBIL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WBIL?
SPY has been the more volatile fund at 14.8% annualized versus 11.9% for WBIL. Worst drawdown: SPY -34.1% vs WBIL -25.3%.
Should I hold both SPY and WBIL?
SPY and WBIL have a monthly-return correlation of 0.76, 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 WBIL?
84.7% of WBIL's money is in holdings SPY also owns. 84.7% of WBIL's is in holdings SPY also owns. They hold 56 positions in common, counted across the 504 positions we hold weights for in SPY and 64 in WBIL.
Which pays a higher dividend, SPY or WBIL?
SPY yields 0.99% while WBIL yields 0.04%, so SPY currently pays the higher dividend yield.
Is WBIL better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. WBIL is less concentrated, with 23.0% 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.