SPIN vs SPY
SPIN vs SPY
State Street US Equity Premium Income 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 | SPIN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.09% | |
| AUM | $46M | $789.1B | |
| Dividend Yield | 5.68% | 1.01% | |
| Holdings | 197 | 505 | |
| YTD Return | +3.81% | +13.79% | |
| 1Y Return | +12.52% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 9.5% | 15.3% | |
| Max Drawdown | -16.9% | -56.5% | |
| Fund Family | State Street Investment Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 4, 2024 | Jan 22, 1993 |
SPIN vs SPY Performance
State Street US Equity Premium Income ETF (SPIN) is a ETF from State Street Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year SPIN returned +12.52% while SPY returned +23.66%. Year to date, SPIN is up 3.81% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 9.5% for SPIN. 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 -16.9% for SPIN 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPIN charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, SPIN currently yields 5.68% against 1.01% for SPY.
Holdings Overlap
SPIN and SPY share 87 holdings out of 514 unique holdings combined, representing a 57.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in SPIN | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 9.02% | 7.31% | 1.71% |
| AAPL | 5.97% | 7.09% | 1.12% |
| MSFT | 5.84% | 4.43% | 1.41% |
| GOOGL | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
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Frequently Asked Questions
Which is cheaper, SPIN or SPY?
SPIN has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, SPIN or SPY?
Over the past year SPIN returned +12.52% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), SPIN annualized +12.44% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, SPIN or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.5% for SPIN. Worst drawdown: SPIN -16.9% vs SPY -56.5%.
Should I hold both SPIN and SPY?
SPIN and SPY have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPIN and SPY?
SPIN and SPY share 87 common holdings with a 57.1% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, SPIN or SPY?
SPIN yields 5.68% while SPY yields 1.01%, so SPIN currently pays the higher dividend yield.
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