COIW vs SPY
Roundhill COIN WeeklyPay ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | COIW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.09% | |
| AUM | $36M | $789.1B | |
| Dividend Yield | 13.58% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -57.32% | +13.68% | |
| 1Y Return | -71.60% | +21.53% | |
| 3Y Return (annualized) | - | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 79.9% | 15.3% | |
| Max Drawdown | -80.0% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 19, 2025 | Jan 22, 1993 |
COIW vs SPY Performance
Roundhill COIN WeeklyPay ETF (COIW) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year COIW returned -71.60% while SPY returned +21.53%. Year to date, COIW is down 57.32% versus a gain of 13.68% for SPY.
Risk: Volatility and Drawdowns
COIW has been the more volatile fund, with annualized monthly volatility of 79.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -80.0% for COIW and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
COIW charges 0.99% per year while SPY charges 0.09%. On a $10,000 position that is $99 vs $9 annually, a gap of $90 per year that compounds over a long holding period. On income, COIW currently yields 13.58% against 1.01% for SPY.
Holdings Overlap
COIW and SPY share 1 holdings out of 504 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in COIW | Weight in SPY | Difference |
|---|---|---|---|
| COIN | 6.02% | 0.06% | 5.96% |
Frequently Asked Questions
Which is cheaper, COIW or SPY?
COIW has an expense ratio of 0.99% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, COIW or SPY?
Over the past year COIW returned -71.60% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), COIW annualized -44.75% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, COIW or SPY?
COIW has been the more volatile fund at 79.9% annualized versus 15.3% for SPY. Worst drawdown: COIW -80.0% vs SPY -56.5%.
Should I hold both COIW and SPY?
COIW and SPY have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between COIW and SPY?
COIW and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, COIW or SPY?
COIW yields 13.58% while SPY yields 1.01%, so COIW currently pays the higher dividend yield.
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