State Street US Equity Premium Income ETF
$33.57−0.24 (−0.71%)
- Expense ratio
- 0.25%
- Fund size
- $49M
- 1Y return
- +12.6%
- Yield · Last 12 months
- 4.82%
- Holdings
- 95
- Volume · 30D
- 0M sh
- NAV per share
- $33.68
- 52W range
The ETF.net SPIN Grade
Score 73 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 100Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 91Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 61Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 61Category rank
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
- 95
- 47%
- NVDA
Sectors
- Technology39.7%
- Financials12.7%
- Communication10.6%
- Health Care9.1%
- Consumer Discr.8.4%
- Industrials8.2%
- Energy3.0%
- Cons. Staples3.0%
- Materials2.2%
- Utilities1.6%
- Real Estate1.5%
Geography
- United States96.02%
- United Kingdom1.89%
- Singapore1.05%
- Ireland0.65%
- Switzerland0.38%
SPIN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +8.2% |
| 1 month | +1.6% |
| 3 months | +6.6% |
| 1 year | +12.6% |
| 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 | +8.2% | |
| 2025 | +14.2% | |
| 2024 | +6.1% |
SPIN in the news
ETF.net Research hasn’t filed on SPIN yet — coverage lands here as it’s written.
SPIN Dividends
- 4.82%
- $1.63
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.07 |
| Aug 3, 2026 | Aug 5, 2026 | $0.06 |
| Jul 1, 2026 | Jul 6, 2026 | $0.11 |
| Jun 1, 2026 | Jun 3, 2026 | $0.14 |
| May 1, 2026 | May 5, 2026 | $0.27 |
| Apr 1, 2026 | Apr 6, 2026 | $0.32 |
| Mar 2, 2026 | Mar 4, 2026 | $0.12 |
| Feb 2, 2026 | Feb 4, 2026 | $0.07 |
| Dec 29, 2025 | Dec 31, 2025 | $0.09 |
| Dec 1, 2025 | Dec 3, 2025 | $0.15 |
| Nov 3, 2025 | Nov 5, 2025 | $0.12 |
| Oct 1, 2025 | Oct 3, 2025 | $0.09 |
SPIN Risk
- 9.6%
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.
- 0.85
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
- The middle half of S&P 500 Active Option Income funds
- Median 0.55%
No S&P 500 Active Option Income fund charges less.