Data as of Oct 28, 2026.
SPY vs WTPI: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPY returned +13.6% to WTPI's +10.8%, and SPY charges 0.09% to WTPI's 0.44%.
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Net assets: $814.8bn on Oct 27, 2026 for SPDR S&P 500 ETF Trust, and $479m on May 31, 2026 for WisdomTree Equity Premium Income Fund.
Pair scorecard
SPY costs 0.35 points a year less; their one-year returns differ by 2.8 points.
| Measure | SPY | WTPI |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.6% | +10.8% |
| Price change, 1 year | rose 12.4% | fell 1.9% |
| Latest payout, annualized | 11.9% | |
| Benchmark | ||
| What it tracks | S&P 500 Index | Benchmark: S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.09% | 0.44% |
| Net assets, SPY as of Oct 27, 2026 and WTPI as of May 31, 2026 | $814.8bn | $479m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method
Risk and return
Mar 4, 2016 to Oct 23, 2026 · 555 weekly returnsEach against its own benchmark: SPY against VOO, Sep 17, 2010 to Oct 23, 2026; WTPI against SPY, Mar 4, 2016 to Oct 23, 2026.
SPY returned more: +351.2% to +134.0%. WTPI swung less: 11.3% to 16.7%. WTPI fell less at its worst: −27.3% to −31.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SPY | WTPI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +351.2% | +134.0% | SPY | Price change plus distributions, reinvested. |
| Annualized | +15.2% | +8.3% | SPY | Total return as a yearly rate. |
| Price return | +279.2% | +28.7% | SPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.7% | 11.3% | WTPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.5% | 8.8% | WTPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −31.8% | −27.3% | WTPI | Deepest fall from a high to the low after it. |
| Upside capture | 99.8% | 45.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.0% | 65.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 0.61 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.80 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.79 | 0.55 | SPY | Return above Treasury bills per unit of volatility. |
| Sortino | 1.14 | 0.71 | SPY | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.133 | 0.103 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.48 | 0.30 | SPY | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VOO | SPY | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | −1.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.51 | −1.11 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.3% to +0.1% | −4.8% to +1.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.15 | −0.83 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.4% | 8.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 555 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPY and WTPI hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
SPY and WTPI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
No client brief for this pair: the two funds' holdings are dated 149 days apart.
SPY
SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% 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 Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.
WTPI
Over the year to Oct 28, 2026, WTPI paid 12.0% of its starting value in cash distributions while its price fell 1.9%. With every distribution reinvested, the fund returned +10.8%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 2.8 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 11.9%, paid monthly.
Questions people ask
- Are SPY and WTPI in the same category?
- SPY is a stock ETF and WTPI is an option-income 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 WTPI?
- In the year to Oct 28, 2026, with distributions reinvested, SPY returned +13.6% and WTPI +10.8%.
- Which is cheaper, SPY or WTPI?
- SPY is cheaper, by 0.35 percentage points a year. That is about $35 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SPY against WTPI, data as of Oct 28, 2026. https://etfiq.com/compare/any/spy-vs-wtpi
ETFIQ. (Oct 28, 2026). SPY against WTPI. Retrieved from https://etfiq.com/compare/any/spy-vs-wtpi
[SPY against WTPI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/spy-vs-wtpi)
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