WCAPvsSPYETF Comparison
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WarCap Unconstrained Equity ETF (WCAP) belongs to the Uncategorized Equities segment. State Street SPDR S&P 500 ETF Trust (SPY) is part of the US Large Cap segment. WCAP's top 3 sector exposures are Technology, Finance and Industrials. In contrast, SPY's top sector exposures are Technology, Finance and Healthcare. WCAP is more expensive with a Total Expense Ratio (TER) of 1.3%, versus 0.0945% for SPY. WCAP is down -3.78% year-to-date (YTD) with +$11M in YTD flows. SPY performs better with 14.09% YTD performance, and +$9.24B in YTD flows. Run a side-by-side ETF comparison of WCAP and SPY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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WCAP vs SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | WCAP SPY | +2.53%+0.84% | +5.21%+4.49% | -3.78%+14.09% | -5.72%+13.59% | n/a+92.57% | n/a+80.09% |
| Flows | WCAP SPY | -$1M-$3.00B | -$2M-$5.06B | +$11M+$9.24B | +$16M+$33.54B | -+$69.20B | -+$77.54B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | WCAP SPY | +11.68%+11.11% | +14.84%+12.69% | n/a+14.90% | n/a+16.97% |
| Max drawdown | WCAP SPY | -4.43%-3.03% | -14.76%-8.89% | n/a-18.74% | n/a-24.50% |
| Max drawdown duration | WCAP SPY | 76d53d | 321d76d | n/a126d | n/a708d |
Trading data
WCAP | SPY | |
Last sale 10/29/2026 at 1:30 PM | $9.46 | $769.36 |
| Previous close 10/28/2026 | $9.46 | $772.31 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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WCAP
is actively managed and doesn’t replicate an indexWCAP | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
WCAP | SPY | |
|---|---|---|
| Last price | $9.46 | $769.36 |
| 1D performance | +0.00% | -0.38% |
| AuM | $61.03 M | $814.72 B |
| E/R | 1.3% | 0.0945% |
Characteristics
WCAP | SPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Warren Capital Group | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 38 | 497 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2025 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
WCAP
USA
90.12%
Other
9.88%
SPY
USA
96.4%
Other
3.6%
Sectors
WCAP
Technology
37.67%
Finance
16.26%
Industrials
12.33%
Consumer Non-Cycl.
12.08%
Healthcare
7.08%
Other
14.58%
SPY
Technology
45.23%
Finance
13.62%
Healthcare
9.08%
Consumer Non-Cycl.
8.88%
Industrials
7.46%
Other
15.72%
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Diversification
WCAP
Total weight of top 15 holdings out of 15
57.03%
SPY
Total weight of top 15 holdings out of 15
44.11%
Top 15 holdings
Data as of August 31, 2026
WCAP
Apple, Inc.
6.14%
NVIDIA Corp.
5.30%
US4642882405
5.02%
US33741X1028
4.84%
Amazon.com, Inc.
4.22%
Micron Technology, Inc.
3.86%
Alphabet, Inc.
3.84%
Broadcom Inc.
3.83%
Tesla, Inc.
3.55%
Walmart, Inc.
3.37%
Union Pacific Corp.
2.91%
Meta Platforms, Inc.
2.79%
The Bank of New York Mellon Corp.
2.59%
Palo Alto Networks, Inc.
2.46%
Space Exploration Technologies Corp.
2.31%
SPY
NVIDIA Corp.
8.07%
Apple, Inc.
7.03%
Microsoft Corp.
5.69%
Amazon.com, Inc.
3.84%
Alphabet, Inc.
3.00%
Broadcom Inc.
2.65%
Alphabet, Inc.
2.39%
Meta Platforms, Inc.
1.90%
Micron Technology, Inc.
1.63%
Tesla, Inc.
1.56%
JPMorgan Chase & Co.
1.44%
Berkshire Hathaway, Inc.
1.40%
Eli Lilly & Co.
1.38%
Advanced Micro Devices, Inc.
1.16%
Johnson & Johnson
0.97%
Frequently asked questions about WCAP and SPY
How have the WCAP and SPY ETFs performed in 2026?
As of October 28, 2026, WCAP is down -3.78% year-to-date (YTD), while SPY has returned 14.09%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: WCAP or SPY?
Year-to-date, the WCAP ETF saw +$11M in flows, compared to +$9.24B for SPY.
Which ETF is more volatile: WCAP or SPY?
Over the past year, WCAP had a volatility of 14.84%, while SPY experienced 12.69%.
Which ETF is bigger: WCAP or SPY?
As of October 28, 2026, WCAP holds $61.03 M in assets under management (AUM), while SPY manages $814.72 B.
What sectors do the WCAP and SPY ETFs invest in?
WCAP leans toward sectors like Technology, Finance and Industrials. Meanwhile, SPY focuses on Technology, Finance and Healthcare.
What are the top holdings of the WCAP ETF and SPY ETF?
WCAP top holdings include Apple, Inc., NVIDIA Corp. and US4642882405. SPY holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: WCAP or SPY?
WCAP holds 2065 securities with 57.03% of its assets in the top 15. SPY has 500 securities and a top 15 weight of 44.11%.
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Latest news about WCAP & SPY
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October 26, 2026
SPY
The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
SPY
The Weekly ETF Market Monitor (October 5-9, 2026)
October 12, 2026
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The Weekly ETF Market Monitor (September 21-25, 2026)
September 26, 2026
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The Weekly ETF Market Monitor (September 14-18, 2026)
September 19, 2026
SPY
The Weekly ETF Market Monitor (September 14-18, 2026)
September 19, 2026
SPY
The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
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There’s an ETF for That? Box Spreads
August 27, 2026
SPY
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