OEI vs SPY
Optimized Equity Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | OEI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $46M | $789.1B | |
| Dividend Yield | 5.97% | 1.01% | |
| Holdings | 99 | 505 | |
| YTD Return | +8.49% | +14.47% | |
| 1Y Return | - | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -6.5% | -56.5% | |
| Fund Family | Core Alternative Capital | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 22, 2025 | Jan 22, 1993 |
OEI vs SPY Performance
Optimized Equity Income ETF (OEI) is a ETF from Core Alternative Capital and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, OEI is up 8.49% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -6.5% for OEI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
OEI charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, OEI currently yields 5.97% against 1.01% for SPY.
Holdings Overlap
OEI and SPY share 78 holdings out of 506 unique holdings combined, representing a 67.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, OEI or SPY?
OEI has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
What is the holdings overlap between OEI and SPY?
OEI and SPY share 78 common holdings with a 67.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, OEI or SPY?
OEI yields 5.97% while SPY yields 1.01%, so OEI currently pays the higher dividend yield.
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