Data as of Nov 4, 2026.
SPY vs WTMF: Differences, Returns & Fees
Over the year to Nov 4, 2026, SPY returned +14.8% to WTMF's +12.7%, and SPY charges 0.09% to WTMF's 0.66%.
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Net assets: $804.8bn on Nov 3, 2026 for SPDR S&P 500 ETF Trust, and $261m on Aug 31, 2026 for WisdomTree Managed Futures Strategy Fund.
Pair scorecard
SPY costs 0.57 points a year less; their one-year returns differ by 2.1 points.
| Measure | SPY | WTMF |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.8% | +12.7% |
| Total return, 52 weeks | +11.8% | |
| Against its benchmark | ||
| What it tracks | S&P 500 Index | not published |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 8.1 points ahead | |
| Cost and size | ||
| Expense ratio | 0.09% | 0.66% |
| Net assets, SPY as of Nov 3, 2026 and WTMF as of Aug 31, 2026 | $804.8bn | $261m |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 37.3% | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.62 | |
| Beta to the S&P 500 | +0.38: about 0.38% for each 1% | |
| Its average week when the S&P 500 fell | fell 0.37% | |
| Down-week capture | 34.4% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Risk and return
Jan 14, 2011 to Oct 30, 2026 · 824 weekly returnsFrom Jan 2011 to Oct 2026, SPY returned more: +670.6% to +23.1%. WTMF swung less: 6.6% to 16.0%. WTMF fell slightly less at its worst: −30.7% to −31.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SPY | WTMF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +670.6% | +23.1% | SPY | Price change plus distributions, reinvested. |
| Annualized | +13.8% | +1.3% | SPY | Total return as a yearly rate. |
| Price return | +484.5% | −20.7% | SPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.0% | 6.6% | WTMF | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.0% | 4.7% | WTMF | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −31.8% | −30.7% | WTMF (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.79 | −0.02 | SPY | Return above Treasury bills per unit of volatility. |
| Sortino | 1.14 | −0.02 | SPY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.43 | 0.04 | SPY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 824 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
SPY and WTMF on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
Client brief:
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SPY
SPY tracks the S&P 500. Over the year to Nov 4, 2026 it returned +14.8% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 37.3%.
WTMF
WTMF is a managed futures fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.62 with the S&P 500’s and a beta of +0.38, so for each 1% the index moved it moved about 0.38% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks WTMF fell 0.37% on average, a down-week capture of 34.4%. Over the same 52 weeks WTMF returned +11.8% and a Treasury bill fund +3.7%, so it finished 8.1 percentage points ahead of cash.
Questions people ask
- Are SPY and WTMF in the same category?
- SPY is a stock ETF and WTMF is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, SPY or WTMF?
- In the year to Nov 4, 2026, with distributions reinvested, SPY returned +14.8% and WTMF +12.7%.
- Which is cheaper, SPY or WTMF?
- SPY is cheaper, by 0.57 percentage points a year. That is about $57 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, SPY against WTMF, data as of Nov 4, 2026. https://etfiq.com/compare/any/spy-vs-wtmf
ETFIQ. (Nov 4, 2026). SPY against WTMF. Retrieved from https://etfiq.com/compare/any/spy-vs-wtmf
[SPY against WTMF (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/spy-vs-wtmf)
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