SPY vs WOMN
State Street SPDR S&P 500 ETF Trust vs Impact Shares Women's Empowerment ETF
Which is better, SPY or WOMN?
Nearly the same fund. SPY costs less.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. WOMN is less concentrated, with 33.9% 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 | WOMN |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.75% |
| AUM | $823.2B | $59M |
| Dividend Yield | 0.99% | 0.84% |
| Holdings | 1,515 | 404 |
| YTD Return | +13.53%Best | +9.38% |
| 1Y Return | +17.47%Best | +12.52% |
| 3Y Return (annualized) | +22.36%Best | +15.13% |
| 5Y Return (annualized) | +13.21%Best | +9.33% |
| Volatility (annualized) | 16.7% | 16.6%Best |
| Max Drawdown | -34.1% | -32.2%Best |
| $10,000 over 5 years | $18,596Best | $15,621 |
| Top 10 Weight | 38.2% | 33.9%Best |
| Fund Family | State Street Investment Management | Impact shares |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Aug 24, 2018 |
Volatility and max drawdown are measured over the window both funds cover: Aug 28, 2018 to Oct 14, 2026 (8.1 years).
SPY vs WOMN 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 8.1 years both funds cover.
SPY vs WOMN Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Impact Shares Women's Empowerment ETF (WOMN) is an ETF from Impact shares. Over the past year SPY returned +17.47% while WOMN returned +12.52%. Year to date, SPY is up 13.53% versus a gain of 9.38% for WOMN.
Over three years, SPY compounded at +22.36% per year against +15.13% for WOMN; over five years the annualized figures are +13.21% and +9.33% respectively. Across the full 8-year window we track, SPY has the edge at +13.83% annualized vs +12.57%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.7% compared with 16.6% for WOMN. 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 -32.2% for WOMN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while WOMN charges 0.75%. On a $10,000 position that is $9 vs $75 annually, a gap of $66 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 0.84% for WOMN.
Holdings Overlap
46.5% of SPY's money is in holdings WOMN also owns. 95.2% of WOMN's money is in holdings SPY also owns.
Most of WOMN is already inside SPY. Owning both mostly buys the same companies twice.
181 positions in common, counted across the 504 positions we hold weights for in SPY and 201 in WOMN, against full books of 1,515 and 404.
What only one of them owns
Our book lists 18 positions for WOMN that do not appear in our book for SPY (4.5% of the fund), and 317 for SPY that do not appear in WOMN (52.7%).
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 WOMN | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.78% | 4.61% | 3.17% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.71% | 5.39% | 0.32% |
| GOOGLAlphabet Inc Cap Stk Cl A | 3.12% | 5.21% | 2.09% |
| JPMJpmorgan Chase | 1.43% | 3.30% | 1.87% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 4.03% | 3.37% |
| XOMExxon Mobil Corp. | 1.04% | 2.59% | 1.55% |
| VVisa Inc-class A Shares | 0.95% | 2.44% | 1.49% |
| TXNTexas Instruments, Inc | 0.36% | 2.29% | 1.93% |
| VZVerizon Wireless | 0.33% | 2.24% | 1.91% |
| GOOGAlphabet Inc Class C | 2.49% | 0.05% | 2.44% |
95.2% of WOMN 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 WOMN?
SPY has an expense ratio of 0.09% while WOMN charges 0.75%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, SPY or WOMN?
Over the past year SPY returned +17.47% vs +12.52% for WOMN, so SPY leads on 1-year performance. Over the longest common window we track (8 years), SPY annualized +13.83% vs +12.57% for WOMN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or WOMN?
SPY has been the more volatile fund at 16.7% annualized versus 16.6% for WOMN. Worst drawdown: SPY -34.1% vs WOMN -32.2%.
Should I hold both SPY and WOMN?
SPY and WOMN have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPY and WOMN?
95.2% of WOMN's money is in holdings SPY also owns. 95.2% of WOMN's is in holdings SPY also owns. They hold 181 positions in common, counted across the 504 positions we hold weights for in SPY and 201 in WOMN.
Which pays a higher dividend, SPY or WOMN?
SPY yields 0.99% while WOMN yields 0.84%, so SPY currently pays the higher dividend yield.
Is WOMN better than SPY?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. WOMN is less concentrated, with 33.9% 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.