OEI vs SPY
Optimized Equity Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, OEI or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y. OEI is less concentrated, with 37.7% of the fund in its ten largest positions against 38.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | OEI | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $50M | $804.7B |
| Dividend Yield | 7.31% | 0.98% |
| Holdings | 99 | 505 |
| YTD Return | +9.61% | +11.52%Best |
| 1Y Return | +14.09% | +17.48%Best |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Top 10 Weight | 37.7%Best | 38.0% |
| Fund Family | Core Alternative Capital | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 22, 2025 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
OEI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
OEI vs SPY Performance
Optimized Equity Income ETF (OEI) is an ETF from Core Alternative Capital and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year OEI returned +14.09% while SPY returned +17.48%. Year to date, OEI is up 9.61% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
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 7.31% against 0.98% for SPY.
Holdings Overlap
98.4% of OEI's money is in holdings SPY also owns. 69.3% of SPY's money is in holdings OEI also owns.
Most of OEI is already inside SPY. Owning both mostly buys the same companies twice.
79 positions in common, counted across the 82 positions we hold weights for in OEI and 504 in SPY, against full books of 99 and 505.
What only one of them owns
Our book lists 415 positions for SPY that do not appear in our book for OEI (30.2% of the fund), and 3 for OEI that do not appear in SPY (0.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in OEI | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.16% | 7.71% | 0.45% |
| AAPLApple, Inc | 4.71% | 6.83% | 2.12% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.07% | 5.50% | 0.43% |
| AMZNAmazon.Com Inc | 3.88% | 4.08% | 0.20% |
| GOOGLAlphabet A Usd 0.001 | 3.26% | 3.33% | 0.07% |
| AVGOBroadcom Inc | 2.98% | 2.97% | 0.01% |
| GOOGAlphabet Inc | 2.60% | 2.67% | 0.07% |
| METAMeta Platforms, Inc. | 2.32% | 1.94% | 0.38% |
| MUMicron Technology, Inc. | 2.57% | 1.51% | 1.06% |
| LLYEli Lilly & Co. | 1.91% | 1.33% | 0.58% |
98.4% of OEI is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $66 a year on a $10,000 investment.
Which performed better, OEI or SPY?
Over the past year OEI returned +14.09% vs +17.48% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
What is the holdings overlap between OEI and SPY?
98.4% of OEI's money is in holdings SPY also owns. 69.3% of SPY's is in holdings OEI also owns. They hold 79 positions in common, counted across the 82 positions we hold weights for in OEI and 504 in SPY.
Which pays a higher dividend, OEI or SPY?
OEI yields 7.31% while SPY yields 0.98%, so OEI currently pays the higher dividend yield.
Is SPY better than OEI?
SPY has a lower expense ratio. SPY led over 1Y. OEI is less concentrated, with 37.7% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.