SPYV vs WLDR: Grades, Fees and Holdings Compared

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Affinity World Leaders Equity ETF

WLDRCCboe

Overlap

9.1%by weight

Expense ratio

SPYV −0.63pt a year

SPYV0.04%WLDR0.67%

Avg volume · 30D

SPYV 68.1×the volume

SPYV2.23MWLDR32.8K

5Y return · a year

WLDR +5.2pt

SPYV+11.1%WLDR+16.3%

SPYV vs WLDR Performance

Nov 5, 2021 – Nov 5, 2026

+69.0%SPYV+112.8%WLDR

Expense ratio: SPYV 0.04%, better; WLDR 0.67%
Fund size: SPYV $39.3B; WLDR $143M
1Y total return: SPYV +15.5%; WLDR +28.7%, better
Yield (12M): SPYV 1.67%; WLDR 7.59%, better
Holdings: SPYV 435; WLDR 111
Avg volume (30D): SPYV 2.23M sh, better; WLDR 32.8K sh
NAV per share: SPYV $65.14; WLDR $44.63
52W range

ETF.net Grade

Pillar letters and Scores for SPYV, WLDR, with each pillar’s weight
Pillar	SPYV	WLDR
Cost30% weight	A98Higher	F10
Mission25% weight	A86Higher	A74
Risk15% weight	A82Higher	A70
Tradability15% weight	A97Higher	C43
Holdings10% weight	A72Higher	B65
Durability5% weight	A86Higher	C50

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. SPYV and WLDR are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SPYV ranks 1st and WLDR 27th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 27CCHRIGlobal X S&P 500 Christian Values ETFScore 47
Rank 27CWLDRAffinity World Leaders Equity ETFScore 47
Rank 29CQQXTFirst Trust NASDAQ-100 Ex-Technology Sector Index FundScore 45

Our read on each fund

ETF.net Research

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

WLDRCAffinity World Leaders Equity ETF

In short

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

WLDR A global index wired to analyst behavior: WLDR tracks FTSE's StarMine screen for earnings quality, rising estimates and price momentum, with sectors held at neutral weight. 0.67% net of a waiver through February 28, 2027.

Stated mandate

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

WLDR The Fund seeks to track the FTSE StarMine Affinity World Leaders Index through passive replication. The Index is a global equity strategy covering U.S. and international companies.

Why people hold it

SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

WLDR Rules-based screen: earnings quality, upward revisions to estimates, price targets and analyst recommendations, plus momentum and valuation. Sell-side homework, systematized.simplify.us
Sector neutral by design, so the index's bets come from stock selection rather than an overweight in whichever sector is hot.simplify.us
One passport-agnostic sleeve: roughly 150 large caps from the US plus at least three other countries, and up to 20, instead of a US fund bolted to an international fund.simplify.us
Live since 2018, so there is a multi-year record under the same index mandate rather than a backtest.

Worth knowing

SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
Distributions land quarterly, not monthly.

WLDR Costs more than the typical fund in its category, and the 0.67% net rate leans on a waiver through February 28, 2027. The gross fee is 1.05%.
Plain trackers like SCHK (0.03%) and SPYV (0.04%) cost a fraction of this, though they follow the US market, not a global multi-factor screen.
Thinly traded and modest in size, so bid-ask spreads can widen, especially in fast markets.

Full SPYV profile⁠

Full WLDR profile⁠

SPYV vs WLDR Holdings

How SPYV and WLDR differ

Overlap by weight

9.1%

Shared holdings make up 57.4% of WLDR and 9.1% of SPYV.

Level by level

Holdings42 in both9.1%
Countryby domicile74.6%
Sector11 Sectors83.1%
Asset classStocks100%

Sector

Sector weights in SPYV and WLDR, widest gap first
Sector	Gap	SPYV	WLDR
Technology	WLDR +9.0 points	20.8%	29.8%
Communication	WLDR +7.9 points	2.5%	10.4%
Consumer Discretionary	SPYV +3.4 points	9.8%	6.4%
Energy	SPYV +3.2 points	8.2%	5.0%
Health Care	SPYV +3.1 points	13.3%	10.2%
Real Estate	SPYV +1.9 points	3.1%	1.2%
Utilities	SPYV +1.6 points	4.0%	2.4%
Financials	SPYV +1.4 points	15.2%	13.8%
Consumer Staples	SPYV +1.3 points	9.0%	7.7%
Industrials	SPYV +0.7 points	10.8%	10.1%
Materials	SPYV +0.2 points	3.3%	3.1%

Country, concentration and asset class

Country by domicile

Country weights in SPYV and WLDR, widest gap first
Country	Gap	SPYV	WLDR
United States	SPYV +25.2 points	99.2%	74.0%
Japan	WLDR +9.7 points	0.0%	9.7%
United Kingdom	WLDR +5.3 points	0.1%	5.4%
France	WLDR +2.3 points	0.0%	2.3%
Netherlands	WLDR +1.6 points	0.0%	1.6%
Spain	WLDR +1.4 points	0.0%	1.4%
Germany	WLDR +1.4 points	0.0%	1.4%
Italy	WLDR +1.2 points	0.0%	1.2%
Other countries (6)	WLDR +2.4 points	0.7%	3.1%

Outside the US: WLDR 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

SPYV24.2%
WLDR28.1%

Securities held

SPYV434
WLDR108

Asset class

SPYV: Stocks
WLDR: Stocks

Holdings

Only in SPYV392
In both42
Only in WLDR66

Only in SPYV

392 securities, 90.9% of SPYV by weight

Apple Inc8.25%
Amazon.com Inc3.97%
Exxonmobil Holdings Corp2.25%
Walmart Inc1.86%
Costco Wholesale Corp1.50%
Chevron Corp1.39%
Tesla Inc1.33%
Procter & Gamble Co/The1.26%
Merck & Co. Inc.1.20%
UnitedHealth Group Inc1.19%
Home Depot Inc1.15%
Bank of America Corp1.09%
Visa Inc Class A Shares1.08%
JPMorgan Chase & Co0.97%
Intel Corp0.94%
Texas Instruments Inc0.92%
AbbVie Inc0.91%
Johnson & Johnson0.88%
Wells Fargo & Co0.86%
Thermo Fisher Scientific Inc0.84%
Linde PLC0.78%
Coca Cola Co/The0.70%
Citigroup Inc0.68%
Walt Disney Co/The0.66%
Abbott Laboratories0.65%
Analog Devices Inc0.64%
Pepsico Inc0.63%
Cisco Systems Inc0.62%
Qualcomm Inc0.60%
Nextera Energy Inc0.60%
Mastercard Inc A0.58%
BlackRock Inc0.57%
Deere & Co0.55%
Conocophillips0.53%
General Electric0.53%
Accenture PLC Class A0.52%
Schwab (Charles) Corp0.49%
Danaher Corp0.48%
Philip Morris International0.47%
Vertex Pharmaceuticals Inc0.45%
Eaton Corp PLC0.44%
Chubb Ltd0.43%
Altria Group Inc0.42%
Lowe’s Cos Inc0.42%
Medtronic PLC0.42%
Capital One Financial Corp0.41%
Starbucks Corp0.40%
Prologis Inc0.40%
Palo Alto Networks Inc0.40%
Mckesson Corp0.40%

Only in WLDR

66 securities, 42.8% of WLDR by weight

Micron Technology, Inc.3.08%
TD SYNNEX Corporation2.47%
Sandisk Corp1.89%
Tapestry, Inc.1.68%
CoreWeave, Inc.1.31%
Caterpillar, Inc.1.04%
Expedia Group, Inc.1.02%
Intesa Sanpaolo SpA0.97%
Permian Resources Corporation0.90%
Standard Chartered plc0.89%
Sanofi S.A.0.88%
ABN AMRO Bank N.V.0.86%
NatWest Group plc0.86%
Imperial Brands plc0.86%
Nomura Holdings, Inc.0.84%
KBC Group N.V.0.82%
Sumitomo Mitsui Trust Group, Inc.0.81%
HF Sinclair Corporation0.79%
Astellas Pharma, Inc.0.74%
Otsuka Holdings Company Ltd.0.69%
nVent Electric plc0.69%
Schneider Electric S.E.0.68%
Tenet Healthcare Corporation0.67%
Kubota Corporation0.60%
Daimler Truck Holding A.G.0.60%
Shell plc0.60%
Sompo Holdings, Inc.0.58%
Sika A.G.0.56%
NN Group N.V.0.56%
EMCOR Group, Inc.0.55%
Daiichi Life Group, Inc.0.55%
Komatsu Ltd.0.54%
Amadeus IT Group S.A.0.51%
Honda Motor Company Ltd.0.51%
Deutsche Telekom A.G.0.51%
TDK Corporation0.51%
Kioxia Holdings Corporation0.49%
Nippon Steel Corporation0.48%
Bridgestone Corporation0.47%
TotalEnergies S.E.0.47%
Magna International, Inc.0.46%
Glencore plc0.46%
Celestica, Inc.0.45%
Comfort Systems USA, Inc.0.45%
Vodafone Group plc0.40%
Bbh Sweep Vehicle0.40%
Sumitomo Metal Mining Company Ltd.0.38%
BP plc0.36%
Vinci S.A.0.36%
Kansai Electric Power Company, Inc. (The)0.36%

Weight gaps

All 42 Holdings in both funds, largest gap first.

Holding weights in SPYV and WLDR, widest gap first
Holding	Gap	SPYV	WLDR
Omnicom GroupOMC	WLDR +3.32 points	0.08%	3.40%
Verizon Communications IncVZ	WLDR +2.87 points	0.62%	3.49%
Hp IncHPQ	WLDR +2.81 points	0.09%	2.90%
At+t IncT	WLDR +2.60 points	0.48%	3.08%
Jabil IncJBL	WLDR +2.45 points	0.03%	2.48%
Cognizant Tech Solutions ACTSH	WLDR +2.34 points	0.10%	2.44%
Seagate Technology HoldingsSTX	WLDR +2.08 points	0.15%	2.23%
Adobe IncADBE	WLDR +2.02 points	0.32%	2.34%
Salesforce IncCRM	WLDR +1.76 points	0.60%	2.36%
Dell Technologies CDELL	WLDR +1.65 points	0.36%	2.01%
Dollar General CorpDG	WLDR +1.65 points	0.10%	1.75%
Target CorpTGT	WLDR +1.47 points	0.24%	1.71%
Regeneron PharmaceuticalsREGN	WLDR +1.46 points	0.30%	1.76%
Kroger CoKR	WLDR +1.40 points	0.13%	1.53%
KeycorpKEY	WLDR +1.23 points	0.06%	1.29%
Bristol Myers Squibb CoBMY	WLDR +1.17 points	0.42%	1.59%
Citizens Financial GroupCFG	WLDR +1.16 points	0.09%	1.25%
Pfizer IncPFE	WLDR +1.07 points	0.57%	1.64%
State Street CorpSTT	WLDR +1.06 points	0.15%	1.21%
Us BancorpUSB	WLDR +1.05 points	0.31%	1.36%
Lockheed Martin CorpLMT	WLDR +0.93 points	0.39%	1.32%
General Motors CoGM	WLDR +0.86 points	0.26%	1.12%
Ford Motor CoF	WLDR +0.85 points	0.16%	1.01%
Global Payments IncGPN	WLDR +0.74 points	0.07%	0.81%
Kraft Heinz Co/TheKHC	WLDR +0.73 points	0.07%	0.80%
Devon Energy CorpDVN	WLDR +0.71 points	0.16%	0.87%
Keysight Technologies InKEYS	WLDR +0.64 points	0.16%	0.80%
Centene CorpCNC	WLDR +0.61 points	0.12%	0.73%
Ppg Industries IncPPG	WLDR +0.58 points	0.09%	0.67%
Archer Daniels Midland CoADM	WLDR +0.52 points	0.11%	0.63%
Edison InternationalEIX	WLDR +0.51 points	0.08%	0.59%
Consolidated Edison IncED	WLDR +0.49 points	0.14%	0.63%
Firstenergy CorpFE	WLDR +0.48 points	0.08%	0.56%
The Cigna GroupCI	WLDR +0.48 points	0.26%	0.74%
Arch Capital Group LtdACGL	WLDR +0.46 points	0.12%	0.58%
Steel Dynamics IncSTLD	WLDR +0.45 points	0.10%	0.55%
Metlife IncMET	WLDR +0.38 points	0.18%	0.56%
Cvs Health CorpCVS	WLDR +0.33 points	0.33%	0.66%
Simon Property Group IncSPG	WLDR +0.26 points	0.14%	0.40%
Union Pacific CorpUNP	WLDR +0.26 points	0.59%	0.85%
Vici Properties IncVICI	WLDR +0.24 points	0.09%	0.33%
Vivmark ResidentialVMRK	WLDR +0.20 points	0.15%	0.35%

All 434 SPYV holdings⁠All 146 WLDR 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.

SPYV vs WLDR Cost

Overpaying WLDR vs SPYV

$12,225

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

SPYV 0.04%
$849
WLDR 0.67%
$13,074

Amount$10,000

Years30 years

Cost over time

SPYV 0.04%
WLDR 0.67%
Overpaying

Year by year

Year	SPYV	WLDR	Overpaying
10	$73	$1,198	$1,125
20	$288	$4,568	$4,280
30	$849	$13,074	$12,225

Expense ratio

0.04%SPYV, cheaper
0.67%WLDR

SPYV0.04%WLDR0.67%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SPYV 2nd cheapest of 42 funds

WLDR 38th cheapest of 42 funds

SPYV vs WLDR Dividends

Last 12 months to Nov 5, 2026

Yield (12M): SPYV 1.67%; WLDR 7.59%, better
Payout (12M): SPYV $1.06; WLDR $3.26
Last payment: SPYV $0.27; WLDR $0.09
Ex-dividend: SPYV Sep 21, 2026; WLDR Sep 18, 2026
Paid on: SPYV Sep 23, 2026; WLDR Sep 23, 2026
Frequency: SPYV Quarterly; WLDR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPYVQuarterly · 39 paymentsAll SPYV payments⁠

WLDRQuarterly · 36 paymentsAll WLDR payments⁠

SPYV vs WLDR Risk

Fall from peak · 5 years

SPYV
WLDR

Risk facts

VolatilityStd dev, 3 years: SPYV 11.7%, betterWLDR 15.3%
Return per unit of riskSharpe ratio, 3 years: SPYV 1.17WLDR 1.67, better
Worst fallMax drawdown, 5 years: SPYV −17.9%, betterWLDR −23.8%
Market sensitivityBeta, 5 years: SPYV 0.83WLDR 0.99; Market = 1

SPYV and WLDR in the news

All news⁠

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SPYV vs WLDR

In short

Stated mandate

Why people hold it