EFIV vs WCEO: Grades, Fees and Holdings Compared

State Street SPDR S&P 500 ESG ETF

EFIVANYSE Arca

Hypatia Women CEO ETF

WCEODNYSE Arca

Overlap

4.6%by weight

Expense ratio

EFIV −0.75pt a year

EFIV0.10%WCEO0.85%

Avg volume · 30D

EFIV 21.7×the volume

EFIV57.1KWCEO2.63K

3Y return · a year

EFIV +3.7pt

EFIV+22.8%WCEO+19.1%

EFIV vs WCEO Performance

Oct 31, 2025 – Oct 30, 2026

+12.5%EFIV+20.5%WCEO

Expense ratio: EFIV 0.10%, better; WCEO 0.85%
Fund size: EFIV $1.06B; WCEO $14M
1Y total return: EFIV +12.5%; WCEO +20.5%, better
Yield (12M): EFIV 1.01%, better; WCEO 0.54%
Holdings: EFIV 326; WCEO 159
Avg volume (30D): EFIV 57.1K sh, better; WCEO 2.63K sh
NAV per share: EFIV $74.02; WCEO $38.91
52W range

ETF.net Grade

Pillar letters and Scores for EFIV, WCEO, with each pillar’s weight
Pillar	EFIV	WCEO
Cost30% weight	A86Higher	F2
Mission25% weight	A100	Not scored
Risk15% weight	C53Higher	C47
Tradability15% weight	A84Higher	C41
Holdings10% weight	C43	A75Higher
Durability5% weight	A71Higher	F5

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. EFIV and WCEO are both graded against the same 47 US ESG & Values Index funds, so their Grades compare head to head.

US ESG & Values Index⁠

Category · 47 funds

See all 47 ›

EFIV ranks 2nd and WCEO 45th of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 82
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 79
Rank 3ASNPEXtrackers S&P 500 Scored & Screened ETFScore 78
Rank 44DWOMNImpact Shares YWCA Women's Empowerment ETFScore 36
Rank 45DWCEOHypatia Women CEO ETFScore 28
Rank 46DVEGNUS Vegan Climate ETFScore 26

Our read on each fund

ETF.net Research

EFIVAState Street SPDR S&P 500 ESG ETF

WCEODHypatia Women CEO ETF

In short

EFIV A screened S&P 500 that still looks like one. EFIV trims to about 300 names on ESG criteria but holds industry-group weights close to the parent index, for 0.10% a year.

WCEO Most values-screened funds filter a broad index and call it a day. WCEO runs one blunt test at the top of the org chart: is the CEO a woman? Actively managed since 2023, built around Hypatia's own women-CEO index.

Stated mandate

EFIV The Fund seeks to track an index of securities selected using environmental, social, and governance sustainability criteria while retaining industry-group weights broadly similar to the S&P 500 Index.

WCEO The Fund is actively managed and does not seek to replicate the performance of a specified index.

Why people hold it

EFIV Charges 0.10% a year, well under the 0.25% typical of its values-screened peer group.
Keeps industry-group weights broadly similar to the S&P 500, so the screen changes which names you own more than which sectors.
Tracks its declared index very tightly, one of the cleaner implementations in its cohort.
Straightforward 1940 Act index fund from SPDR, running since 2020, distributing quarterly.

WCEO One rule, plainly stated: at least 80% of net assets in US companies led by a female CEO. The underlying index sets a $500 million market-cap floor.wceoetf.com
Up to 20% can go to companies with a female executive chairperson or chairperson, so the mandate reaches past the CEO title alone.wceoetf.com
Actively managed rather than index-replicating, so it can also hold female-led US companies of any size, not just the index members.wceoetf.com

Worth knowing

EFIV About 300 stocks, not 500. The screens remove names, so results can diverge from the headline S&P 500.
Cheaper shelf-mates exist: XVV at 0.08% and ESGV at 0.09% undercut it on fee.
Mid-size asset base and moderate trading volume, which can mean wider spreads than the mega-cap index giants.

WCEO At 0.85% a year it costs several times the typical fund in its screened-equity peer group, where broad index options like ESGV and XVV charge under 0.10%.
Small and thinly traded next to its peer group, which tends to mean wider bid-ask spreads and thinner quotes around the open and close.
The screen tracks who holds the corner office, so a CEO change can move a name in or out. Sector mix is a by-product of that, not a target.wceoetf.com

Full EFIV profile⁠

Full WCEO profile⁠

EFIV vs WCEO Holdings

How EFIV and WCEO differ

Overlap by weight

4.6%

Shared holdings make up 22.8% of WCEO and 4.6% of EFIV.

Level by level

Holdings30 in both4.6%
Countryby domicile98.7%
Asset classEquity100%

Sector

No Sector split for EFIV.

Country, concentration and asset class

Country by domicile

Country weights in EFIV and WCEO, widest gap first
Country	More in EFIVMore in WCEO	EFIV	WCEO
Mexico	WCEO +0.9 points	0.0%	0.9%
United States	EFIV +0.7 points	99.4%	98.7%
Other countries (4)	EFIV +0.1 points	0.6%	0.5%

Concentration

Weight in the 10 largest Holdings

EFIV40.9%
WCEO14.7%

Securities held

EFIV324
WCEO158

Asset class

EFIV: Equity
WCEO: Equity

Holdings

Only in EFIV294
In both30
Only in WCEO128

Only in EFIV

294 securities, 95.2% of EFIV by weight

NVIDIA Corp12.79%
Microsoft Corp9.74%
Alphabet Inc Class A4.12%
Alphabet Inc Class C3.32%
Eli Lilly & Co2.73%
Micron Technology Inc2.62%
Visa Inc Class A Shares1.73%
Walmart Inc1.34%
Mastercard Inc A1.27%
AbbVie Inc1.27%
Intel Corp1.13%
Costco Wholesale Corp1.10%
Cisco Systems Inc1.06%
UnitedHealth Group Inc0.91%
Merck & Co. Inc.0.90%
Coca Cola Co/The0.89%
Applied Materials Inc0.83%
Bank of America Corp0.82%
Home Depot Inc0.81%
General Electric0.81%
Lam Research Corp0.79%
Palo Alto Networks Inc0.77%
Caterpillar Inc0.74%
Texas Instruments Inc0.70%
Goldman Sachs Group Inc0.67%
Thermo Fisher Scientific Inc0.65%
Netflix Inc0.64%
Wells Fargo & Co0.64%
Amgen Inc0.62%
Ge Vernova Inc0.59%
Linde PLC0.58%
Morgan Stanley0.56%
Kla Corp0.54%
Analog Devices Inc0.52%
Gilead Sciences Inc0.51%
Qualcomm Inc0.49%
Walt Disney Co/The0.48%
Salesforce Inc0.47%
Pepsico Inc0.45%
McDonald’s Corp0.45%
Abbott Laboratories0.45%
Conocophillips0.45%
Union Pacific Corp0.44%
Nextera Energy Inc0.42%
American Express Co0.42%
Pfizer Inc0.42%
BlackRock Inc0.42%
Welltower Inc0.42%
Deere & Co0.41%
Seagate Technology Holdings0.39%

Only in WCEO

128 securities, 77.7% of WCEO by weight

Solaris Energy I1.78%
International SE1.73%
Albertsons Cos-A1.56%
Tootsie Roll Ind1.52%
Flex Ltd0.98%
Acadian Asset Ma0.96%
Voya Financial I0.96%
Cdw Corp/De0.95%
Lincoln Natl Crp0.95%
Trupanion Inc0.95%
Horace Mann Educ0.95%
Amalgamated Fina0.95%
Hanmi Finl Corp0.95%
1ST Source Corp0.95%
Wex Inc0.95%
Alerus Financial0.95%
Progressive Corp0.95%
Adeia Inc0.94%
Nextnav Inc0.94%
Hubspot Inc0.93%
Workiva Inc0.93%
Clear Secure I-A0.92%
Adv Micro Device0.92%
Clearfield Inc0.92%
Lumen Technologi0.92%
LIFE360 Inc0.92%
Amerisafe Inc0.92%
Arista Networks0.92%
Power Integratio0.91%
Employers Holdin0.91%
Sirius Xm Holdin0.90%
New York Times-A0.90%
Reservoir Media0.89%
Cushman & Wakefi0.63%
Rlj Lodging Trus0.63%
Rexford Industri0.63%
Equity Lifestyle0.63%
Centerspace0.62%
Essex Property0.62%
Kilroy Realty0.62%
Lindblad Expedit0.62%
Dick's Sporting0.62%
Five Below0.61%
Planet Fitness-A0.61%
Etsy Inc0.61%
Figs Inc-Class A0.61%
Abercrombie & Fi0.61%
Victoria's Secre0.61%
Sally Beauty Hol0.61%
Levi Strauss-A0.61%

Weight gaps

All 30 Holdings in both funds, largest gap first.

Holding weights in EFIV and WCEO, widest gap first
Holding	More in EFIVMore in WCEO	EFIV	WCEO
Kinder Morgan IncKMI	WCEO +1.58 points	0.17%	1.75%
Clorox CompanyCLX	WCEO +1.49 points	0.03%	1.52%
Marathon Petroleum CorpMPC	WCEO +1.46 points	0.30%	1.76%
Franklin Templeton IncBEN	WCEO +0.94 points	0.02%	0.96%
Fidelity National Info ServFIS	WCEO +0.91 points	0.05%	0.96%
Principal Financial GroupPFG	WCEO +0.89 points	0.06%	0.95%
Nasdaq IncNDAQ	WCEO +0.83 points	0.12%	0.95%
Us BancorpUSB	WCEO +0.72 points	0.23%	0.95%
S+p Global IncSPGI	WCEO +0.60 points	0.35%	0.95%
Regency Centers CorpREG	WCEO +0.60 points	0.03%	0.63%
Accenture PLC Class AACN	WCEO +0.56 points	0.37%	0.93%
Ulta Beauty IncULTA	WCEO +0.54 points	0.07%	0.61%
Tapestry IncTPR	WCEO +0.54 points	0.06%	0.60%
Expedia Group IncEXPE	WCEO +0.54 points	0.08%	0.62%
Williams Sonoma IncWSM	WCEO +0.52 points	0.08%	0.60%
Hunt (Jb) Transprt Svcs IncJBHT	WCEO +0.52 points	0.04%	0.56%
Ventas IncVTR	WCEO +0.52 points	0.11%	0.63%
Otis Worldwide CorpOTIS	WCEO +0.49 points	0.07%	0.56%
Veralto CorpVLTO	WCEO +0.49 points	0.06%	0.55%
Charles River LaboratoriesCRL	WCEO +0.45 points	0.04%	0.49%
Citigroup IncC	WCEO +0.44 points	0.52%	0.96%
Zoetis IncZTS	WCEO +0.41 points	0.08%	0.49%
Centene CorpCNC	WCEO +0.41 points	0.08%	0.49%
Cummins IncCMI	WCEO +0.37 points	0.18%	0.55%
Equinix IncEQIX	WCEO +0.36 points	0.26%	0.62%
Dow IncDOW	WCEO +0.32 points	0.06%	0.38%
Elevance Health IncELV	WCEO +0.26 points	0.23%	0.49%
Freeport Mcmoran IncFCX	WCEO +0.15 points	0.23%	0.38%
Danaher CorpDHR	WCEO +0.12 points	0.37%	0.49%
Newmont CorpNEM	WCEO +0.09 points	0.29%	0.38%

All 324 EFIV holdings⁠All WCEO holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EFIV vs WCEO Cost

Overpaying WCEO vs EFIV

$14,093

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EFIV 0.10%
$2,106
WCEO 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

EFIV 0.10%
WCEO 0.85%
Overpaying

Year by year

Year	EFIV	WCEO	Overpaying
10	$183	$1,508	$1,325
20	$717	$5,706	$4,989
30	$2,106	$16,199	$14,093

Expense ratio

0.10%EFIV, cheaper
0.85%WCEO

EFIV0.10%WCEO0.85%

0.08%0.95%

Middle half of US ESG & Values Index funds
Median 0.25%

EFIV 7th cheapest of 47 funds

WCEO 46th cheapest of 47 funds

EFIV vs WCEO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EFIV 1.01%, better; WCEO 0.54%
Payout (12M): EFIV $0.74; WCEO $0.21
Last payment: EFIV $0.20; WCEO $0.21
Ex-dividend: EFIV Sep 21, 2026; WCEO Dec 19, 2025
Paid on: EFIV Sep 23, 2026; WCEO Dec 24, 2025
Frequency: EFIV Quarterly; WCEO Annual

Distribution history

Per share, 2020 to 2026, same scale for both

EFIVQuarterly · 25 paymentsAll EFIV payments⁠

WCEOAnnual · 3 paymentsAll WCEO payments⁠

EFIV vs WCEO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EFIV 12.3%, betterWCEO 15.7%
Return per unit of riskSharpe ratio, 3 years: EFIV 1.39, betterWCEO 0.91
Worst fallMax drawdown, 5 years: EFIV −24.5%WCEO −25.9%since Jan 2023
Market sensitivityBeta, 5 years: EFIV 1.01WCEO 0.99; Market = 1

EFIV and WCEO in the news

All news⁠

Filings Digest
AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday
Oct 27, 2026EFIV

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EFIV vs WCEO

In short

Stated mandate

Why people hold it

Worth knowing

How EFIV and WCEO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFIV

Only in WCEO

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday

How EFIV and WCEO differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EFIV

Only in WCEO

Weight gaps