EPS vs XMAG: Grades, Fees and Holdings Compared

WisdomTree U.S. LargeCap Fund

EPSANYSE Arca

Large Cap Ex-Mag 7 ETF

XMAGBNasdaq

Overlap

56.5%by weight

Expense ratio

EPS −0.27pt a year

EPS0.08%XMAG0.35%

Avg volume · 30D

XMAG 1.3×the volume

EPS53.1KXMAG70.9K

EPS vs XMAG Performance

Nov 7, 2025 – Nov 9, 2026

+14.6%EPS+16.1%XMAG

Expense ratio: EPS 0.08%, better; XMAG 0.35%
Fund size: EPS $1.59B; XMAG $199M
1Y total return: EPS +14.6%; XMAG +16.1%, better
Yield (12M): EPS 1.14%, better; XMAG 0.45%
Holdings: EPS 506; XMAG 493
Avg volume (30D): EPS 53.1K sh; XMAG 70.9K sh, better
NAV per share: EPS $76.99; XMAG $24.84
52W range

ETF.net Grade

Pillar letters and Scores for EPS, XMAG, with each pillar’s weight
Pillar	EPS	XMAG
Cost30% weight	A82Higher	D30
Mission25% weight	A100Higher	A96
Risk15% weight	B67	A74Higher
Tradability15% weight	A81Higher	C40
Holdings10% weight	B55	A81Higher
Durability5% weight	A74Higher	C50

Rank among US Large-Cap funds

How we build Categories ›

Same Category. EPS and XMAG are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

EPS ranks 3rd and XMAG 14th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 83
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 3AEPSWisdomTree U.S. LargeCap FundScore 81
Rank 4AIWBiShares Russell 1000 ETFScore 78
Rank 14BXLGInvesco S&P 500 Top 50 ETFScore 60
Rank 14BXMAGLarge Cap Ex-Mag 7 ETFScore 60
Rank 17BDSPYTema S&P 500 Historical Weight ETF StrategyScore 58

Our read on each fund

ETF.net Research

EPSAWisdomTree U.S. LargeCap Fund

XMAGBLarge Cap Ex-Mag 7 ETF

In short

EPS Large-cap core with a profit filter. Roughly 500 U.S. companies, all of them earnings generators, tracked since 2007 for 0.08% a year. Same plumbing as a plain index fund, with a screen most of them skip.

XMAG The large-cap 500 with the seven biggest names cut out. Defiance built XMAG for investors who want broad US exposure without Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla setting the tone.

Stated mandate

EPS The fund seeks to track earnings-generating large-cap companies in the U.S. equity market.

XMAG The Fund seeks to track, before fees and expenses, the performance of the BITA US 500 ex-Magnificent 7 Index.

Why people hold it

EPS The screen is the whole point: the index holds large U.S. companies that actually generate earnings, so unprofitable names do not ride in on market cap alone.wisdomtree.com
0.08% a year, under the median for its large-cap peer group, and it still spreads across roughly 500 stocks.
Running since 2007 and now a multi-billion-dollar fund, it has tracked its index tightly and ranks in the top quartile of its large-cap cohort.
Pays out quarterly, the standard cadence for a core equity holding.

XMAG Does in one ticker what used to take manual workarounds: roughly 500 large US companies with the Magnificent 7 screened out by index rule.defianceetfs.com
Defiance launched it in 2024 as the first ETF built around S&P 500-style exposure minus the Mag 7, and it remains the recognizable name in that niche.defianceetfs.com
Rules-based plumbing: free-float market-cap weights, quarterly rebalances, and tracking that has stayed close to the index.defianceetfs.com

Worth knowing

EPS It trades thinly for the category, so bid-ask spreads can run wider than the heavily traded core names in the group.
Cheaper shelf-mates exist: SCHX and VV charge 0.03%, BKLC charges nothing. The earnings screen is what the extra basis points buy.
Screening on earnings means the portfolio can look different from a plain cap-weighted large-cap index, and its results will drift from that benchmark in both directions.

XMAG At 0.35% a year it runs well above the roughly 0.14% typical of large-cap peers, and cheap core options like SCHX and VV charge 0.03%.
Leaving out the seven largest companies is a real stance: when megacap tech drives the market, this portfolio simply is not in that part of it.defianceetfs.com
A 2024 launch means a short live record, and the asset base is modest next to the index giants it sits beside.

Full EPS profile⁠

Full XMAG profile⁠

EPS vs XMAG Holdings

How EPS and XMAG differ

Overlap by weight

56.5%

Shared holdings make up 88.4% of XMAG and 61.7% of EPS.

Level by level

Holdings397 in both56.5%
Sector11 Sectors76.2%
Asset classStocks100%
Countryby domicile99.7%

Sector

Sector weights in EPS and XMAG, widest gap first
Sector	Gap	EPS	XMAG
Technology	EPS +12.6 points	34.9%	22.3%
Communication	EPS +7.3 points	10.6%	3.3%
Industrials	XMAG +6.6 points	4.9%	11.5%
Health Care	XMAG +5.2 points	11.2%	16.4%
Consumer Discretionary	EPS +3.9 points	9.8%	5.9%
Consumer Staples	XMAG +3.7 points	4.3%	8.0%
Financials	XMAG +3.0 points	15.7%	18.7%
Real Estate	XMAG +2.0 points	0.8%	2.8%
Utilities	XMAG +1.4 points	1.8%	3.2%
Materials	XMAG +1.3 points	1.2%	2.5%
Energy	XMAG +0.8 points	4.8%	5.6%

Country, concentration and asset class

Country by domicile

Country weights in EPS and XMAG, widest gap first
Country	Gap	EPS	XMAG
United States	EPS +0.1 points	99.2%	99.1%
Switzerland	Same weight	0.5%	0.5%
United Kingdom	XMAG +0.2 points	0.0%	0.2%
China	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%
Peru	XMAG +0.1 points	0.0%	0.1%
Brazil	EPS +0.1 points	0.1%	0.0%
Malaysia	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

EPS39.0%
XMAG19.1%

Securities held

EPS504
XMAG492

Asset class

EPS: Stocks
XMAG: Stocks

Holdings

Only in EPS107
In both397
Only in XMAG95

Only in EPS

107 securities, 38.1% of EPS by weight

Nvidia Corp6.68%
Amazon.com Inc6.25%
Apple Inc6.08%
Google Inc4.99%
Microsoft Corp4.89%
Meta PlatformsInc. Cl A3.15%
Berkshire Hathaway Inc1.95%
Tesla Inc0.60%
Bank of New York Mellon Corp0.20%
priceline.com Inc0.18%
NXP Semiconductors NV0.17%
Marsh & Mclennan Cos0.14%
American IntL Group Inc0.12%
Arch Capital Group Ltd0.12%
Pure Storage Inc - Class A0.10%
Crh PLC0.09%
Kraft Foods Group0.09%
Health Care REIT Inc0.08%
Honeywell Aerospace Inc0.08%
F5Inc0.08%
Zebra Technologies Corp0.08%
Nutanix Inc - A0.07%
Vylor Inc0.07%
Hansen Natural Corp0.07%
Unity Software Inc0.07%
GE Healthcare Technologies W/I0.07%
Quintiles IMS Holdings Inc0.06%
Equity Residential0.06%
Samsara Inc-Cl A0.06%
Gartner Inc0.06%
Fox Corp - Class A0.05%
Equitable Holdings Inc0.05%
Dynatrace Inc0.05%
Ferguson Enterprises Inc/De0.05%
MercadoLibre Inc0.05%
Docusign Inc0.05%
Willis Towers Watson Plc0.04%
Tenet Healthcare Corp0.04%
Fabrinet0.04%
CB Richard Ellis Group Inc0.04%
Unum Group0.03%
Cboe Global Markets Inc0.03%
United Therapeutics Corp0.03%
Fedex Freight Holding Co0.03%
East West Bancorp Inc0.03%
Hubspot Inc0.03%
SAIC Inc0.03%
Intl Flavors & Fragrances0.03%
Snap-On Inc0.03%
Reliance Steel & Aluminum Co0.02%

Only in XMAG

95 securities, 11.5% of XMAG by weight

Berkshire Hathaway Inc1.93%
Welltower Inc0.42%
Deere & Co0.41%
Accenture PLC0.39%
Boeing Co/The0.34%
Lockheed Martin Corp0.33%
Booking Holdings Inc0.30%
Starbucks Corp0.29%
Bank of New York Mellon Corp/The0.24%
Marsh & McLennan Cos Inc0.24%
Elevance Health Inc0.23%
Waste Management Inc0.23%
First American Government Obligations Fund 12/01/20310.22%
Motorola Solutions Inc0.21%
Synopsys Inc0.21%
Spotify Technology SA0.20%
Mondelez International Inc0.20%
Moderna Inc0.18%
Arthur J Gallagher & Co0.18%
Target Corp0.17%
Norfolk Southern Corp0.17%
Kimberly-Clark Corp0.16%
Air Products and Chemicals Inc0.16%
Monster Beverage Corp0.15%
Humana Inc0.13%
ONEOK Inc0.13%
Keurig Dr Pepper Inc0.11%
Strategy Inc0.11%
Anglogold Ashanti Plc0.11%
NIKE Inc0.11%
Roper Technologies Inc0.11%
American International Group Inc0.10%
Carrier Global Corp0.10%
Crown Castle Inc0.09%
CBRE Group Inc0.09%
Paychex Inc0.09%
GE HealthCare Technologies Inc0.08%
Centene Corp0.08%
Willis Towers Watson PLC0.08%
ROBLOX Corp0.08%
Microchip Technology Inc0.07%
IQVIA Holdings Inc0.07%
Rocket Lab Corp0.07%
Kraft Heinz Co/The0.07%
Revolution Medicines Inc0.07%
Everpure Inc0.07%
Copart Inc0.06%
HP Inc0.06%
Royalty Pharma PLC0.06%
Credicorp Ltd0.06%

Weight gaps

The 100 widest of 397 Holdings in both funds.

Holding weights in EPS and XMAG, widest gap first
Holding	Gap	EPS	XMAG
Eli Lilly & CoLLY	XMAG +1.61 points	1.16%	2.77%
Advanced Micro DevicesAMD	XMAG +1.21 points	0.55%	1.76%
Broadcom IncAVGO	XMAG +1.04 points	1.22%	2.26%
Costco Wholesale CorpCOST	XMAG +0.82 points	0.31%	1.13%
Micron Technology IncMU	XMAG +0.75 points	1.12%	1.87%
Visa IncV	XMAG +0.73 points	1.01%	1.74%
Mastercard IncMA	XMAG +0.62 points	0.59%	1.21%
General Electric CoGE	XMAG +0.57 points	0.24%	0.81%
Walmart IncWMT	XMAG +0.56 points	0.78%	1.34%
Palantir Technologies Inc-APLTR	XMAG +0.52 points	0.18%	0.70%
AbbVie IncABBV	XMAG +0.52 points	0.73%	1.25%
Intel CorpINTC	XMAG +0.47 points	0.14%	0.61%
NetFlix IncNFLX	XMAG +0.43 points	0.21%	0.64%
Coca-Cola Co/TheKO	XMAG +0.40 points	0.60%	1.00%
GE Vernova IncGEV	XMAG +0.40 points	0.10%	0.50%
Palo Alto Networks IncPANW	XMAG +0.39 points	0.22%	0.61%
Crowdstrike Holdings Inc - ACRWD	XMAG +0.37 points	0.13%	0.50%
Caterpillar IncCAT	XMAG +0.33 points	0.29%	0.62%
Chevron CorpCVX	XMAG +0.33 points	0.69%	1.02%
Verizon Communications IncVZ	EPS +0.32 points	0.78%	0.46%
Home Depot IncHD	XMAG +0.31 points	0.51%	0.82%
Pfizer IncPFE	EPS +0.31 points	0.73%	0.42%
RTX CorpRTX	XMAG +0.30 points	0.32%	0.62%
Intuitive Surgical IncISRG	XMAG +0.30 points	0.08%	0.38%
Thermo Fisher Scientific IncTMO	XMAG +0.29 points	0.33%	0.62%
Procter & Gamble Co/ThePG	XMAG +0.28 points	0.64%	0.92%
Lam Research CorpLRCX	XMAG +0.28 points	0.32%	0.60%
Texas Instruments IncTXN	XMAG +0.28 points	0.34%	0.62%
Dell Technologies -CDELL	EPS +0.28 points	0.52%	0.24%
Bristol-Myers Squibb CoBMY	EPS +0.25 points	0.56%	0.31%
Linde PlcLIN	XMAG +0.24 points	0.33%	0.57%
Amphenol CorpAPH	XMAG +0.25 points	0.19%	0.44%
General Motors CoGM	EPS +0.25 points	0.37%	0.12%
Johnson & JohnsonJNJ	XMAG +0.25 points	1.37%	1.62%
Applied Materials IncAMAT	XMAG +0.23 points	0.40%	0.63%
Philip Morris International IncPM	XMAG +0.23 points	0.51%	0.74%
American Express CoAXP	XMAG +0.24 points	0.29%	0.53%
Merck & Co Inc/NJMRK	EPS +0.22 points	1.09%	0.87%
Abbott LaboratoriesABT	XMAG +0.21 points	0.24%	0.45%
International Business Machines CorpIBM	XMAG +0.22 points	0.34%	0.56%
McDonalds CorpMCD	XMAG +0.21 points	0.26%	0.47%
TJX Cos IncTJX	XMAG +0.21 points	0.15%	0.36%
Comcast CorpCMCSA	EPS +0.19 points	0.40%	0.21%
Arista Networks IncANET	XMAG +0.19 points	0.23%	0.42%
KLA CorpKLAC	XMAG +0.19 points	0.24%	0.43%
Eaton Corp PLCETN	XMAG +0.19 points	0.14%	0.33%
Uber Technologies IncUBER	EPS +0.19 points	0.43%	0.24%
ProLogis IncPLD	XMAG +0.19 points	0.10%	0.29%
Analog Devices IncADI	XMAG +0.18 points	0.24%	0.42%
Equinix IncEQIX	XMAG +0.18 points	0.06%	0.24%
Nextera EnergyNEE	XMAG +0.18 points	0.26%	0.44%
S&P Global IncSPGI	XMAG +0.17 points	0.16%	0.33%
Cisco Systems IncCSCO	XMAG +0.17 points	0.72%	0.89%
Danaher CorpDHR	XMAG +0.16 points	0.19%	0.35%
Vertex Pharmaceuticals IncVRTX	XMAG +0.16 points	0.17%	0.33%
Phillips 66PSX	XMAG +0.16 points	0.08%	0.24%
Applovin Corp-Class AAPP	XMAG +0.16 points	0.09%	0.25%
Exxonmobil Holdings CorpXOM	XMAG +0.15 points	1.49%	1.64%
Automatic Data Processing IncADP	XMAG +0.15 points	0.14%	0.29%
Parker Hannifin CorpPH	XMAG +0.15 points	0.13%	0.28%
Allstate Corp/TheALL	EPS +0.16 points	0.31%	0.15%
Snowflake Inc-Class ASNOW	XMAG +0.15 points	0.07%	0.22%
BlackRock IncBLK	XMAG +0.15 points	0.27%	0.42%
ServiceNow IncNOW	XMAG +0.15 points	0.11%	0.26%
Stryker CorpSYK	XMAG +0.15 points	0.13%	0.28%
Howmet Aerospace IncHWM	XMAG +0.14 points	0.05%	0.19%
Constellation EnergyCEG	XMAG +0.14 points	0.06%	0.20%
Moody's CorpMCO	XMAG +0.14 points	0.08%	0.22%
Quanta Services IncPWR	XMAG +0.14 points	0.05%	0.19%
Union Pacific CorpUNP	XMAG +0.14 points	0.28%	0.42%
Marvell Technology IncMRVL	XMAG +0.13 points	0.17%	0.30%
Trane Technologies PlcTT	XMAG +0.13 points	0.08%	0.21%
Vertiv Holdings CoVRT	XMAG +0.13 points	0.04%	0.17%
T-Mobile US IncTMUS	EPS +0.13 points	0.32%	0.19%
American Tower CorpAMT	XMAG +0.12 points	0.09%	0.21%
Marathon Petroleum CorpMPC	XMAG +0.12 points	0.14%	0.26%
CME Group IncCME	XMAG +0.12 points	0.14%	0.26%
Hewlett Packard Enterprise CoHPE	EPS +0.12 points	0.26%	0.14%
Blackstone IncBX	XMAG +0.12 points	0.09%	0.21%
Ecolab IncECL	XMAG +0.11 points	0.07%	0.18%
Digital Realty Trust IncDLR	XMAG +0.12 points	0.03%	0.15%
Freeport-McMoRan IncFCX	XMAG +0.11 points	0.09%	0.20%
McKesson CorpMCK	XMAG +0.11 points	0.19%	0.30%
MetLife IncMET	EPS +0.11 points	0.24%	0.13%
PepsiCo Inc/NCPEP	XMAG +0.11 points	0.35%	0.46%
Williams Cos Inc/TheWMB	XMAG +0.11 points	0.08%	0.19%
Realty Income CorpO	XMAG +0.11 points	0.02%	0.13%
Cintas CorpCTAS	XMAG +0.11 points	0.07%	0.18%
Johnson Controls InternationalJCI	XMAG +0.11 points	0.09%	0.20%
Southern Co/TheSO	XMAG +0.11 points	0.15%	0.26%
Fastenal CoFAST	XMAG +0.11 points	0.04%	0.15%
O'Reilly Automotive IncORLY	XMAG +0.11 points	0.07%	0.18%
Valero Energy CorpVLO	XMAG +0.10 points	0.14%	0.24%
Cloudflare Inc - Class ANET	XMAG +0.11 points	0.08%	0.18%
Illinois Tool Works IncITW	XMAG +0.10 points	0.09%	0.19%
Marriott International Inc/DEMAR	XMAG +0.10 points	0.11%	0.21%
Oracle CorpORCL	XMAG +0.10 points	0.38%	0.48%
Ross Stores IncROST	XMAG +0.10 points	0.07%	0.17%
Sherwin-Williams Co/TheSHW	XMAG +0.10 points	0.09%	0.19%
Edwards Lifesciences CorpEW	XMAG +0.10 points	0.04%	0.14%

All 503 EPS holdings⁠All 494 XMAG 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.

EPS vs XMAG Cost

Overpaying XMAG vs EPS

$5,437

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

EPS 0.08%
$1,689
XMAG 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

EPS 0.08%
XMAG 0.35%
Overpaying

Year by year

Year	EPS	XMAG	Overpaying
10	$147	$634	$487
20	$575	$2,454	$1,879
30	$1,689	$7,126	$5,437

Expense ratio

0.08%EPS, cheaper
0.35%XMAG

EPS0.08%XMAG0.35%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

EPS 6th cheapest of 29 funds

XMAG 20th cheapest of 29 funds

EPS vs XMAG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): EPS 1.14%, better; XMAG 0.45%
Payout (12M): EPS $0.90; XMAG $0.12
Last payment: EPS $0.23; XMAG $0.12
Ex-dividend: EPS Sep 25, 2026; XMAG Dec 30, 2025
Paid on: EPS Sep 29, 2026; XMAG Dec 31, 2025
Frequency: EPS Quarterly; XMAG Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

EPSQuarterly · 39 paymentsAll EPS payments⁠

XMAGIrregular · 2 paymentsAll XMAG payments⁠

EPS vs XMAG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EPS 11.8%XMAG 11.8%since Nov 2024
Return per unit of riskSharpe ratio, 3 years: EPS 1.43XMAG 0.92since Nov 2024
Worst fallMax drawdown, 5 years: EPS −23.6%XMAG −16.2%since Oct 2024
Market sensitivityBeta, 5 years: EPS 0.97XMAG 0.80; Market = 1

EPS and XMAG in the news

All news⁠

Category Review
Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.
Updated Oct 16, 2026XMAG

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EPS vs XMAG

In short

Stated mandate

Why people hold it

Worth knowing

How EPS and XMAG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EPS

Only in XMAG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.

How EPS and XMAG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EPS

Only in XMAG

Weight gaps