SPIN vs VOO
State Street US Equity Premium Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPIN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $46M | $979.0B | |
| Dividend Yield | 5.68% | 1.09% | |
| Holdings | 197 | 509 | |
| YTD Return | +3.81% | +13.80% | |
| 1Y Return | +12.52% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 9.5% | 14.1% | |
| Max Drawdown | -16.9% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 4, 2024 | Sep 7, 2010 |
SPIN vs VOO Performance
State Street US Equity Premium Income ETF (SPIN) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPIN returned +12.52% while VOO returned +23.71%. Year to date, SPIN is up 3.81% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, SPIN currently yields 5.68% against 1.09% for VOO.
Holdings Overlap
SPIN and VOO share 87 holdings out of 516 unique holdings combined, representing a 56.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, SPIN or VOO?
SPIN has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, SPIN or VOO?
Over the past year SPIN returned +12.52% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), SPIN annualized +12.44% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, SPIN or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.5% for SPIN. Worst drawdown: SPIN -16.9% vs VOO -34.3%.
Should I hold both SPIN and VOO?
SPIN and VOO 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 VOO?
SPIN and VOO share 87 common holdings with a 56.8% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, SPIN or VOO?
SPIN yields 5.68% while VOO yields 1.09%, so SPIN currently pays the higher dividend yield.
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