SEPI vs SPY
Shelton Equity Premium Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SEPI delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | SEPI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.09% | |
| AUM | $164M | $789.1B | |
| Dividend Yield | 6.08% | 1.01% | |
| Holdings | 121 | 505 | |
| YTD Return | +14.88% | +14.47% | |
| 1Y Return | +24.59% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -7.7% | -56.5% | |
| Fund Family | Shelton Capital Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 8, 2025 | Jan 22, 1993 |
SEPI vs SPY Performance
Shelton Equity Premium Income ETF (SEPI) is a ETF from Shelton Capital Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SEPI returned +24.59% while SPY returned +21.96%. Year to date, SEPI is up 14.88% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -7.7% for SEPI 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
SEPI charges 0.54% per year while SPY charges 0.09%. On a $10,000 position that is $54 vs $9 annually, a gap of $45 per year that compounds over a long holding period. On income, SEPI currently yields 6.08% against 1.01% for SPY.
Holdings Overlap
SEPI and SPY share 39 holdings out of 504 unique holdings combined, representing a 40.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SEPI or SPY?
SEPI has an expense ratio of 0.54% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, SEPI or SPY?
Over the past year SEPI returned +24.59% vs +21.96% for SPY, so SEPI leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between SEPI and SPY?
SEPI and SPY share 39 common holdings with a 40.1% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, SEPI or SPY?
SEPI yields 6.08% while SPY yields 1.01%, so SEPI currently pays the higher dividend yield.
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