SPIN vs USMC
State Street US Equity Premium Income ETF vs Principal U.S. Mega-Cap ETF
Which is better, SPIN or USMC?
USMC has been ahead.
USMC has a lower expense ratio. USMC led over 1Y and the full window. SPIN is less concentrated, with 47.1% of the fund in its ten largest positions against 55.3%.
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 | SPIN | USMC |
|---|---|---|
| Expense Ratio | 0.25% | 0.12%Best |
| AUM | $47M | $5.2B |
| Dividend Yield | 4.88% | 0.74% |
| Holdings | 101 | 58 |
| YTD Return | +3.68% | +13.98%Best |
| 1Y Return | +7.62% | +14.91%Best |
| 3Y Return (annualized) | - | +22.22% |
| 5Y Return (annualized) | - | +14.81% |
| Volatility (annualized) | 9.0%Best | 12.1% |
| Max Drawdown | -16.9%Best | -19.1% |
| $10,000 over 2.1 years | $12,500 | $14,298Best |
| Top 10 Weight | 47.1%Best | 55.3% |
| Fund Family | State Street Investment Management | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 4, 2024 | Oct 11, 2017 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 14, 2026 (2.1 years).
SPIN vs USMC 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 covers the 2.1 years both funds cover.
SPIN vs USMC Performance
State Street US Equity Premium Income ETF (SPIN) is an ETF from State Street Investment Management and Principal U.S. Mega-Cap ETF (USMC) is an ETF from Principal Funds. Over the past year SPIN returned +7.62% while USMC returned +14.91%. Year to date, SPIN is up 3.68% versus a gain of 13.98% for USMC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USMC has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 9.0% 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 -19.1% for USMC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPIN charges 0.25% per year while USMC charges 0.12%. On a $10,000 position that is $25 vs $12 annually, a gap of $13 per year that compounds over a long holding period. On income, SPIN currently yields 4.88% against 0.74% for USMC.
Holdings Overlap
58.9% of SPIN's money is in holdings USMC also owns. 88.7% of USMC's money is in holdings SPIN also owns.
Most of USMC is already inside SPIN. Owning both mostly buys the same companies twice.
22 positions in common, counted across the 96 positions we hold weights for in SPIN and 27 in USMC, against full books of 101 and 58.
What only one of them owns
Our book lists 5 positions for USMC that do not appear in our book for SPIN (11.3% of the fund), and 73 for SPIN that do not appear in USMC (40.3%).
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 SPIN | Weight in USMC | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.71% | 7.99% | 1.72% |
| AAPLApple, Inc | 5.97% | 7.40% | 1.43% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.24% | 5.55% | 1.69% |
| GOOGLAlphabet Inc Cap Stk Cl A | 5.48% | 5.33% | 0.15% |
| MUMicron Technology, Inc. | 2.80% | 7.18% | 4.38% |
| AMZNAmazon.Com Inc | 4.93% | 3.77% | 1.16% |
| AVGOBroadcom Inc | 3.28% | 4.44% | 1.16% |
| METAMeta Platform Inc | 3.07% | 3.92% | 0.85% |
| JPMJpmorgan Chase | 2.13% | 4.65% | 2.52% |
| VVisa Inc-class A Shares | 1.48% | 4.54% | 3.06% |
88.7% of USMC is already inside SPIN.
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, SPIN or USMC?
SPIN has an expense ratio of 0.25% while USMC charges 0.12%. USMC is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, SPIN or USMC?
Over the past year SPIN returned +7.62% vs +14.91% for USMC, so USMC leads on 1-year performance. Over the longest common window we track (2 years), SPIN annualized +11.21% vs +18.56% for USMC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPIN or USMC?
USMC has been the more volatile fund at 12.1% annualized versus 9.0% for SPIN. Worst drawdown: SPIN -16.9% vs USMC -19.1%.
Should I hold both SPIN and USMC?
SPIN and USMC have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPIN and USMC?
88.7% of USMC's money is in holdings SPIN also owns. 88.7% of USMC's is in holdings SPIN also owns. They hold 22 positions in common, counted across the 96 positions we hold weights for in SPIN and 27 in USMC.
Which pays a higher dividend, SPIN or USMC?
SPIN yields 4.88% while USMC yields 0.74%, so SPIN currently pays the higher dividend yield.
Is USMC better than SPIN?
USMC has a lower expense ratio. USMC led over 1Y and the full window. SPIN is less concentrated, with 47.1% of the fund in its ten largest positions against 55.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.