ESIX vs. WCEO

Last updated Jun 4, 2026

ESIX (SPDR S&P SmallCap 600 ESG ETF) and WCEO (Hypatia Women CEO ETF) are both Small Cap Blend Equities funds. ESIX is passively managed, while WCEO is actively managed. Over the past 3 years, ESIX returned 14.39%/yr vs 14.56%/yr for WCEO. Their correlation of 0.94 suggests significant overlap in exposure. ESIX charges 0.12%/yr vs 0.85%/yr for WCEO.

Performance

ESIX vs. WCEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P SmallCap 600 ESG ETF (ESIX) and Hypatia Women CEO ETF (WCEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ESIX having a 10.83% return and WCEO slightly higher at 11.34%.

ESIX

• 1D: -1.16%
• 1M: -0.56%
• YTD: 10.83%
• 6M: 9.86%
• 1Y: 22.21%
• 3Y*: 14.39%
• 5Y*: —
• 10Y*: —

WCEO

• 1D: -0.81%
• 1M: 2.32%
• YTD: 11.34%
• 6M: 12.19%
• 1Y: 29.95%
• 3Y*: 14.56%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESIX vs. WCEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ESIX SPDR S&P SmallCap 600 ESG ETF	10.83%	1.83%	9.66%	14.73%
WCEO Hypatia Women CEO ETF	11.34%	9.77%	8.28%	11.35%

Correlation

The correlation between ESIX and WCEO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 10, 2023	0.94

The correlation between ESIX and WCEO has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

ESIX vs. WCEO - Sectors Allocation Comparison

Sectors	ESIX	WCEO
Industrials	17.2%	13.0%
Financial Services	17.0%	15.8%
Technology	16.6%	15.8%
Consumer Cyclical	12.4%	15.2%
Healthcare	10.8%	11.8%
Real Estate	6.9%	6.2%
Energy	6.7%	6.9%
Basic Materials	4.4%	5.1%
Consumer Defensive	3.0%	3.5%
Communication Services	2.9%	4.5%
Utilities	2.0%	2.3%

Return for Risk

ESIX vs. WCEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESIX

ESIX Risk / Return Rank: 37
ESIX Sharpe Ratio Rank: 34
ESIX Sortino Ratio Rank: 36
ESIX Omega Ratio Rank: 32
ESIX Calmar Ratio Rank: 42
ESIX Martin Ratio Rank: 41

WCEO

WCEO Risk / Return Rank: 66
WCEO Sharpe Ratio Rank: 58
WCEO Sortino Ratio Rank: 62
WCEO Omega Ratio Rank: 55
WCEO Calmar Ratio Rank: 82
WCEO Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESIX vs. WCEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P SmallCap 600 ESG ETF (ESIX) and Hypatia Women CEO ETF (WCEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ESIX	WCEO	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.98	-0.78
Sortino ratio: Return per unit of downside risk	1.84	2.92	-1.08
Omega ratio: Gain probability vs. loss probability	1.21	1.34	-0.12
Calmar ratio: Return relative to maximum drawdown	2.08	4.33	-2.25
Martin ratio: Return relative to average drawdown	6.57	13.47	-6.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESIX vs. WCEO - Sharpe Ratio Comparison

The current ESIX Sharpe Ratio is 1.20, which is lower than the WCEO Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of ESIX and WCEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESIX	WCEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	1.98	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.67	-0.43

Drawdowns

ESIX vs. WCEO - Drawdown Comparison

The maximum ESIX drawdown since its inception was -27.56%, which is greater than WCEO's maximum drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for ESIX and WCEO.

Drawdown Indicators

	ESIX	WCEO	Difference
Max Drawdown Largest peak-to-trough decline	-27.56%	-25.88%	-1.68%
Max Drawdown (1Y) Largest decline over 1 year	-10.18%	-6.96%	-3.22%
Max Drawdown (3Y) Largest decline over 3 years	-27.56%	-25.88%	-1.68%
Current Drawdown Current decline from peak	-2.42%	-0.81%	-1.61%
Average Drawdown Average peak-to-trough decline	-8.59%	-5.52%	-3.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	2.23%	+0.99%

Volatility

ESIX vs. WCEO - Volatility Comparison

SPDR S&P SmallCap 600 ESG ETF (ESIX) has a higher volatility of 4.19% compared to Hypatia Women CEO ETF (WCEO) at 3.34%. This indicates that ESIX's price experiences larger fluctuations and is considered to be riskier than WCEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIX	WCEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	3.34%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	12.40%	10.22%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	17.99%	15.22%	+2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.53%	18.13%	+3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.53%	18.13%	+3.40%

ESIX vs. WCEO - Expense Ratio Comparison

ESIX has a 0.12% expense ratio, which is lower than WCEO's 0.85% expense ratio.

Dividends

ESIX vs. WCEO - Dividend Comparison

ESIX's dividend yield for the trailing twelve months is around 1.45%, more than WCEO's 0.58% yield.

Position	TTM	2025	2024	2023	2022
ESIX SPDR S&P SmallCap 600 ESG ETF	1.45%	1.64%	1.65%	1.69%	1.54%
WCEO Hypatia Women CEO ETF	0.58%	0.64%	0.88%	0.93%	0.00%

Frequently Asked Questions

Can I hold both ESIX and WCEO in my portfolio?

ESIX and WCEO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESIX or WCEO?

ESIX has higher volatility (4.19%) compared to WCEO (3.34%). In terms of maximum drawdown, ESIX dropped -27.56% vs WCEO's -25.88%.

Which ETF is better, ESIX or WCEO?

On 3-year performance, WCEO leads with 14.56% vs 14.39% for ESIX. On fees, ESIX is cheaper at 0.12% per year. On volatility, WCEO has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESIX or WCEO?

Over the 3-year period, WCEO has performed better with a 14.56% return vs 14.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESIX or WCEO?

ESIX is cheaper with a 0.12% expense ratio, compared with 0.85% for WCEO.

Which ETF pays a higher dividend yield, ESIX or WCEO?

ESIX has the higher dividend yield at 1.45%, compared with 0.58% for WCEO.

What is the main difference between ESIX and WCEO?

They also come from different issuers: State Street and Hypatia Capital. Their fees differ too: 0.12% for ESIX and 0.85% for WCEO.

Which has better risk-adjusted returns?

WCEO currently has the higher Sharpe Ratio (1.98 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.