SNPE vs WCEO

SNPEAXtrackers S&P 500 Scored & Screened ETF

WCEODHypatia Women CEO ETF

In short

SNPE The S&P 500 with roughly 200 names screened out, for 0.10% a year. SNPE keeps the plumbing of a plain core index fund and lets S&P's rules, not a stock picker, decide who stays in the basket.

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

SNPE The fund seeks investment results that generally correspond, before fees and expenses, to the performance of its underlying index.

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

Why people hold it

• SNPE A 0.10% expense ratio puts it in the cheap seats of the screened-index crowd, alongside XVV (0.08%) and ESGV (0.09%) and well under the group's typical fee.
• Plain index plumbing: it aims to match the S&P 500 Scored & Screened Index before fees, and it has hugged that mandate closely.
• Roughly 300 stocks, so the screen actually bites. Around 200 S&P 500 members are cut outright rather than quietly trimmed.
• A multi-billion-dollar Xtrackers fund running since 2019 with steady daily volume and quarterly payouts. Not a thin, untested launch.

• 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

• SNPE Cutting ~200 names concentrates what's left. The megacap leaders of the parent index end up carrying even more weight here.
• The screens are S&P's, not yours. They are rules-based and reapplied at each rebalance, so the roster can shift without warning.
• Not the outright cheapest option in the group: XVV and ESGV shave a basis point or two off the fee.

• 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 SNPE profile⁠

Full WCEO profile⁠