At a glance
EPS charges 0.08% a year, the same as the average of the 8 funds most like it (the 6th cheapest of 9). It has $1.58B in assets, the 8th largest of that group; it paid 1.13% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +15.6% with distributions reinvested (S&P 500: +11.5%), the best of those 9 funds; over three years it returned +24.3% a year. At its worst it fell 35.7% in the 2020 crash (S&P 500: 33.7%) and 23.5% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 5 months and 14 months after the lows. Its ten largest positions make up 37.6% of the fund, out of 504 in all.
The short version
WisdomTree U.S. LargeCap Fund (EPS) is an index ETF that tracks the WisdomTree U.S. LargeCap Index, which holds about 500 large U.S. companies that have been profitable over their last four quarters. Most S&P 500 funds weight stocks by market value. EPS instead weights each company by how much it earns. It costs 0.08% a year. That is more than the 0.03% charged by VOO and IVV, even though it shares about 77% of its holdings with them.
Price history
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EPS +15.6% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| EPS official prospectus, to Dec 31, 2025 | — | +17.40% | — | +13.90% | +13.91% | — |
| Wisdom Tree U.S. Large Cap Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | +17.53% | — | +13.99% | +14.09% | — |
| Index40 index, same period | — | +17.88% | — | +14.42% | +14.82% | — |
| EPS price data to Oct 27, 2026 | +14.6% | +15.6% | +24.3% | +12.6% | +14.8% | +10.4% |
- Over the year to Oct 27, 2026, EPS returned +15.6%, 1st of 9 among similar funds.
- Its 5-year annualized return was +12.6% and its 10-year +14.8%.
- In the 2020 COVID crash it fell 35.7% and regained its old high 5.4 months after the low.
- Its worst full calendar year was 2008 (-36.6%); its best was 2013 (+33.0%).
- The deepest fall in its price history was 54.4% (Oct 10, 2007 to Mar 6, 2009), recovered by Mar 14, 2012.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +14.6% | — |
| 2025 | +17.4% | +17.40% |
| 2024 | +24.0% | +23.98% |
| 2023 | +22.8% | +22.72% |
| 2022 | -15.8% | -15.82% |
| 2021 | +27.5% | +27.49% |
| 2020 | +12.0% | +11.88% |
| 2019 | +32.6% | +32.59% |
| 2018 | -7.5% | -7.29% |
| 2017 | +22.8% | +22.52% |
| 2016 | +13.8% | +13.87% |
| 2015 | -1.6% | — |
| 2014 | +13.6% | — |
| 2013 | +33.0% | — |
| 2012 | +14.6% | — |
| 2011 | +3.7% | — |
| 2010 | +13.2% | — |
| 2009 | +27.2% | — |
| 2008 | -36.6% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 54.4% over that stretch · deepest drop along the way 54.4%, back to its old high 36.3 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 35.7% over that stretch · deepest drop along the way 35.7%, back to its old high 5.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 23.1% over that stretch · deepest drop along the way 23.5%, back to its old high 14.4 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.6600 | |
| 2025 | $0.9100 | 0.0% |
| 2024 | $0.9100 | +4.6% |
| 2023 | $0.8700 | +6.1% |
| 2022 | $0.8200 | +6.5% |
| 2021 | $0.7700 | +2.7% |
| 2020 | $0.7500 | +19.0% |
| 2019 | $0.6300 | +10.5% |
| 2018 | $0.5700 | +14.8% |
| 2017 | $0.4967 | -3.2% |
| 2016 | $0.5133 | +3.3% |
| 2015 | $0.4967 | +25.2% |
| 2014 | $0.3967 | +13.3% |
| 2013 | $0.3500 | -2.8% |
| 2012 | $0.3600 | +24.1% |
| 2011 | $0.2900 | +19.2% |
| 2010 | $0.2433 | -3.9% |
| 2009 | $0.2533 | -11.6% |
| 2008 | $0.2867 |
What's inside
As of Jun 30, 2026, the fund held 504 securities; the ten largest made up 37.56% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA CORP | 7.09% | |
| ALPHABET INC | 6.22% | |
| AMAZON.COM INC | 5.70% | |
| APPLE INC | 5.08% | |
| MICROSOFT CORP | 3.40% | |
| META PLATFORMS INC | 2.88% | |
| JP MORGAN CHASE & COMPANY | 2.07% | |
| MICRON TECHNOLOGY INC | 1.86% | |
| BERKSHIRE HATHAWAY INC | 1.70% | |
| BROADCOM INC | 1.54% | |
| JOHNSON & JOHNSON | 1.25% | |
| EXXONMOBIL HOLDINGS CORP | 1.21% | |
| BANK OF AMERICA CORP | 1.03% | |
| ELI LILLY & COMPANY | 1.02% | |
| MERCK & COMPANY INC | 0.94% |
By country
United States 96.55%Ireland 1.72%Switzerland 0.46%Singapore 0.24%Netherlands 0.19%By asset type
Stocks 99.88%By sector
Sectors of the companies held, for the 88.7% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $46.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +10.28%, +5.09%, -1.12%.
How it works
EPS is a passive, or index, fund. Before fees, it aims to match the price and yield performance of the WisdomTree U.S. LargeCap Index. WisdomTree, Inc. designed the index, and a WisdomTree committee oversees it. The index takes the 500 largest companies by market capitalization (share price times shares outstanding) from the WisdomTree U.S. Total Market Index. Each company must be based and listed in the U.S. and have positive total earnings over its last four fiscal quarters. It must also have a market value of at least $100 million, daily trading of at least $200,000, and a price-to-earnings ratio of at least two.
Once a year, the index gives each company a weight based on its share of the group's total earnings, so bigger earners get bigger weights. Limits tied to market value and trading volume can shrink or raise a weight. Any difference is spread across the other stocks. The fund uses representative sampling, which means it holds a set of stocks chosen to behave like the index rather than copying it exactly. It keeps at least 80% of net assets in index stocks or close equivalents.
As of June 30, 2026, the fund held 504 stocks and no derivatives. The largest were NVIDIA (7.1%), Alphabet (6.2%), Amazon (5.7%) and Apple (5.1%). The 10 largest made up about 38% of assets. The fund is legally non-diversified, so it can put more money into a few companies.
What it really costs
- EPS charges 0.08% a year, versus an average of 0.08% for the similar funds below (6th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $8 in the first year and $103 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| EPS | $8 | $26 | $45 | $103 |
In a retirement portfolio
EPS holds about 500 large U.S. companies at a low cost, which makes it a broad stock holding with a tilt toward the companies that earn the most.
EPS gives broad U.S. large-company exposure, but it falls hard with the stock market. It lost 54.4% between October 2007 and March 2009 and did not regain its high until March 2012. It fell 35.7% in the 2020 COVID crash and recovered in about five months. In 2022 it dropped 23.5% and took until December 2023 to recover. Its worst calendar year was 2008, at -36.6%. Someone drawing income in a year like that may have to cash out shares at low prices. The yield was 1.13% as of October 27, 2026, paid quarterly. In the SEC's standard example, costs come to about $8 in the first year on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want U.S. large companies weighted by earnings instead of market value, with NVIDIA, Alphabet, Amazon and Apple as the largest holdings.
- Long-term holders who can live through deep drops, like the fund's 54.4% loss in 2008–09 and its 23.5% decline in 2022.
- Cost-conscious investors comfortable paying 0.08% a year, or about $103 over 10 years on $10,000 in the SEC's standard example.
Look elsewhere if
- Investors focused on the lowest fee: VOO, IVV and USPX charge 0.03%, and BKLC charges 0%, with 76–77% holdings overlap.
- Income seekers: the trailing 12-month yield was 1.13% as of October 27, 2026, paid quarterly rather than monthly.
- Investors wanting less concentration: the 10 largest holdings made up about 38% and technology about 30% of the fund as of June 30, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| EPS this fund | — | 0.08% | $1.58B | +15.6% | +24.3% |
| USPX Franklin U.S. Equity Index ETF | 77% | 0.03% | $1.98B | +12.9% | +24.9% |
| SPY SPDR S&P 500 ETF Trust | 77% | 0.0945% | $781.19B | +11.5% | +21.9% |
| IVV iShares Core S&P 500 ETF | 77% | 0.03% | $888.13B | +11.5% | +22.0% |
| VOO Vanguard S&P 500 ETF | 77% | 0.03% | $1.67T | +12.4% | +23.6% |
| VV Vanguard Large Cap ETF | 77% | 0.04% | $73.83B | +12.0% | +23.8% |
| NTSX WisdomTree U.S. Efficient Core Fund | 76% | 0.2% | $1.36B | +8.7% | +23.0% |
| BKLC BNY Mellon US Large Cap Core Equity ETF | 76% | 0% | $5.47B | +13.4% | +25.4% |
Questions investors ask
What does the EPS ETF invest in?
EPS invests in about 500 large U.S. companies that have positive earnings, through the WisdomTree U.S. LargeCap Index. As of June 30, 2026, it held 504 stocks. The largest were NVIDIA (7.1%), Alphabet (6.2%), Amazon (5.7%), Apple (5.1%) and Microsoft (3.4%). Technology made up about 30% of the fund and financials about 14%. About 97% of assets were in U.S.-based companies, and the fund held almost no cash.
What's the difference between EPS and VOO?
The main difference is weighting. VOO tracks the S&P 500, which sizes companies by market value. EPS sizes them by their earnings. The two share about 77% of their holdings. VOO costs 0.03% a year and EPS costs 0.08%. EPS returned 15.6% over one year as of October 27, 2026. VOO returned 13.2% as of October 29. Over three years, EPS trailed slightly: 24.3% a year versus 24.9% for VOO.
Does EPS pay monthly dividends?
No. EPS pays dividends quarterly. Over the 12 months through October 27, 2026, it paid about $0.91 per share, a trailing yield of 1.13%. The fund holds large companies chosen and weighted by earnings, not by dividends, so income is modest. Investors looking mainly for income may want to compare it with funds built around dividend-paying stocks.
What is the expense ratio of EPS?
EPS has an expense ratio of 0.08% a year, according to its prospectus filed July 29, 2026. That fee is all management fee, with no waiver. In the SEC's standard example ($10,000 invested, 5% yearly return, shares cashed out at the end), costs come to about $8 after one year, $45 after five years and $103 after ten. That equals the average of its similar funds, but VOO, IVV and USPX charge 0.03%.
How has EPS performed over the long term?
EPS returned an average of 13.91% a year over the 10 years through December 31, 2025, slightly behind its index's 14.09%. Over five years it averaged 13.9% a year, and in 2025 it gained 17.4%. It has had losing years. It fell 15.82% in 2022 and 7.29% in 2018. Its worst quarter was a 22.9% drop in early 2020. Past results don't predict future returns.