SMAP vs. WCEO

Last updated Jun 3, 2026

SMAP (Amplify Small-Mid Cap Equity ETF) and WCEO (Hypatia Women CEO ETF) are both Small Cap Blend Equities funds. Both are actively managed. Over the past year, SMAP returned 13.42% vs 29.95% for WCEO. Their correlation of 0.88 suggests significant overlap in exposure. SMAP charges 0.60%/yr vs 0.85%/yr for WCEO.

Performance

SMAP vs. WCEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Small-Mid Cap Equity ETF (SMAP) and Hypatia Women CEO ETF (WCEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMAP achieves a 7.25% return, which is significantly lower than WCEO's 11.34% return.

SMAP

• 1D: 0.00%
• 1M: 1.58%
• YTD: 7.25%
• 6M: 6.87%
• 1Y: 13.42%
• 3Y*: —
• 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)

SMAP vs. WCEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SMAP Amplify Small-Mid Cap Equity ETF	7.25%	3.65%	-2.34%
WCEO Hypatia Women CEO ETF	11.34%	9.77%	-1.91%

Correlation

The correlation between SMAP and WCEO is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.88

The correlation between SMAP and WCEO has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

SMAP vs. WCEO - Sectors Allocation Comparison

Sectors	SMAP	WCEO
Industrials	22.3%	13.0%
Healthcare	17.5%	11.8%
Technology	13.9%	15.8%
Financial Services	13.1%	15.8%
Consumer Cyclical	11.1%	15.2%
Basic Materials	7.9%	5.1%
Energy	6.6%	6.9%
Real Estate	5.6%	6.2%
Consumer Defensive	2.0%	3.5%
Communication Services	-	4.5%
Utilities	-	2.3%

Return for Risk

SMAP vs. WCEO — Risk / Return Rank

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

SMAP

SMAP Risk / Return Rank: 26
SMAP Sharpe Ratio Rank: 24
SMAP Sortino Ratio Rank: 25
SMAP Omega Ratio Rank: 23
SMAP Calmar Ratio Rank: 27
SMAP Martin Ratio Rank: 30

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.

SMAP vs. WCEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Small-Mid Cap Equity ETF (SMAP) 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.

	SMAP	WCEO	Difference
Sharpe ratio Return per unit of total volatility	0.86	1.98	-1.12
Sortino ratio Return per unit of downside risk	1.36	2.92	-1.57
Omega ratio Gain probability vs. loss probability	1.16	1.34	-0.18
Calmar ratio Return relative to maximum drawdown	1.31	4.33	-3.01
Martin ratio Return relative to average drawdown	4.52	13.47	-8.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMAP vs. WCEO - Sharpe Ratio Comparison

The current SMAP Sharpe Ratio is 0.86, which is lower than the WCEO Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of SMAP 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

	SMAP	WCEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	1.98	-1.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.67	-0.40

Drawdowns

SMAP vs. WCEO - Drawdown Comparison

The maximum SMAP drawdown since its inception was -24.12%, smaller than the maximum WCEO drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for SMAP and WCEO.

Drawdown Indicators

	SMAP	WCEO	Difference
Max Drawdown Largest peak-to-trough decline	-24.12%	-25.88%	+1.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.01%	-6.96%	-3.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.88%	—
Current Drawdown Current decline from peak	-0.35%	-0.81%	+0.46%
Average Drawdown Average peak-to-trough decline	-7.02%	-5.52%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.23%	+0.68%

Volatility

SMAP vs. WCEO - Volatility Comparison

Amplify Small-Mid Cap Equity ETF (SMAP) and Hypatia Women CEO ETF (WCEO) have volatilities of 3.49% and 3.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMAP	WCEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.34%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	10.22%	+1.25%
Volatility (1Y) Calculated over the trailing 1-year period	15.69%	15.22%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.66%	18.13%	+1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	18.13%	+1.53%

SMAP vs. WCEO - Expense Ratio Comparison

SMAP has a 0.60% expense ratio, which is lower than WCEO's 0.85% expense ratio.

Dividends

SMAP vs. WCEO - Dividend Comparison

SMAP's dividend yield for the trailing twelve months is around 0.42%, less than WCEO's 0.58% yield.

Position	TTM	2025	2024	2023
SMAP Amplify Small-Mid Cap Equity ETF	0.42%	0.48%	0.14%	0.00%
WCEO Hypatia Women CEO ETF	0.58%	0.64%	0.88%	0.93%

Frequently Asked Questions

Can I hold both SMAP and WCEO in my portfolio?

SMAP and WCEO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMAP or WCEO?

SMAP has higher volatility (3.49%) compared to WCEO (3.34%). In terms of maximum drawdown, SMAP dropped -24.12% vs WCEO's -25.88%.

Which ETF is better, SMAP or WCEO?

On 1-year performance, WCEO leads with 29.95% vs 13.42% for SMAP. On fees, SMAP is cheaper at 0.60% 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, SMAP or WCEO?

Over the 1-year period, WCEO has performed better with a 29.95% return vs 13.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMAP or WCEO?

SMAP is cheaper with a 0.60% expense ratio, compared with 0.85% for WCEO.

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

WCEO has the higher dividend yield at 0.58%, compared with 0.42% for SMAP.

What is the main difference between SMAP and WCEO?

They also come from different issuers: Amplify and Hypatia Capital. Their fees differ too: 0.60% for SMAP and 0.85% for WCEO.

Which has better risk-adjusted returns?

WCEO currently has the higher Sharpe Ratio (1.98 vs 0.86), 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.