State Street US Equity Premium Income ETF
$34.02+0.07 (+0.19%)
- 0.25%
- $47M
- +14.8%
- 4.73%
- 0M sh
- $33.98
- low $29.64high $34.02
The ETF.net SPIN Grade
A
Score 72 out of 100
- 4 of 16
Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A100 out of 100Rank 1 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A89 out of 100Rank 4 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D36 out of 100Rank 10 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 10 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B61 out of 100Rank 8 of 15Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 7 of 16
Our read on SPIN
AState Street's take on the covered-call boom: an actively picked book of large- and mid-cap US stocks with index calls written over the top, priced at 0.25% a year, a fraction of the typical options-income fee.
SPIN seeks current income while retaining potential for long-term growth. It actively invests in large- and mid-cap U.S. stocks selected for fundamentals, valuation, and growth prospects, while dynamically selling calls on a U.S. large-cap exposure such as the S&P 500 to add monthly income.
Why people hold it
- 0.25% a year, a fraction of the typical options-income fee, and it undercuts close peers like PAPI (0.29%), ROCY and JOYT (0.35%) and DIVO (0.56%).
- Calls are sold against a US large-cap exposure such as the S&P 500 rather than name by name, so the stock sleeve's individual winners aren't each capped.ssga.com
- Underneath the overlay sits a real stock book: roughly 90 large- and mid-cap US names chosen on fundamentals, valuation and growth. Income is paid monthly.
- On cost and how closely it delivers its stated mandate, it sits among the stronger builds in a crowded options-income field.
Worth knowing
- The overlay pays for monthly income by giving up part of a sharp rally in the index it writes against. That trade sits at the heart of every covered-call fund.
- Small and lightly traded next to the category's household names, which can mean wider spreads getting in and out.
- Live since 2024, so the track record is short and hasn't spanned a full market cycle.
SPIN Holdings
- Stocks
- 98
- 48%
- NVDA
Sectors
- Technology41.4%
- Financials11.9%
- Communication11.2%
- Health Care9.1%
- Industrials8.0%
- Consumer Discretionary7.8%
- Energy3.0%
- Consumer Staples2.9%
- Materials2.0%
- Utilities1.5%
- Real Estate1.4%
Geography
- United States96.32%
- United Kingdom1.85%
- Singapore0.82%
- Ireland0.64%
- Switzerland0.37%
SPIN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
SPIN$11,478
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SPIN |
|---|---|
| Year to date | +9.1% |
| 1 month | +3.0% |
| 3 months | +5.0% |
| 1 year | +14.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPIN |
|---|---|---|
| 2026 YTD | +9.1% | |
| 2025 | +14.2% | |
| 2024 | +6.1% |
SPIN in the news
SPIN Dividends
- 4.73%
- $1.61
- $0.07 per share
- Monthly
Distribution history
SPIN Risk
- 9.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.84
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −16.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.64
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPIN Cost
0.25%
SPIN0.25%
- The middle half of S&P 500 Active Option Income funds
- Median 0.55%
No S&P 500 Active Option Income fund charges less.
Other funds in S&P 500 Active Option Income
- AROCYJPMorgan Equity Premium Yield ETFExpense ratio 0.35%1 year return —
- ADUBSAptus Large Cap Enhanced Yield ETFExpense ratio 0.41%1 year return +25.3%
- ADIVOAmplify CWP Enhanced Dividend Income ETFExpense ratio 0.56%1 year return +16.6%
- BHELOJPMorgan Hedged Equity Laddered Overlay ETFExpense ratio 0.50%1 year return +9.5%
- CJUDOJanus Detroit Street Trust - Janus Henderson U.S. Equity Enhanced Income ETFExpense ratio 0.55%1 year return —