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SPIN vs UPSD

State Street US Equity Premium Income ETF

SPINACboe

Aptus Large Cap Upside ETF

UPSDDCboe

Overlap

Expense ratio

SPIN −0.54pt a year

SPIN0.25%UPSD0.79%

Avg volume · 30D

UPSD 3.8×the volume

SPIN3.8KUPSD14.3K

SPIN vs UPSD Performance

Oct 31, 2025 – Oct 30, 2026

+6.7%SPIN+13.9%UPSD

Oct 31, 2025 to Oct 30, 2026. SPIN +6.7%. UPSD +13.9%. Use the arrow keys to read each point.−5%0%10%Oct 2025Apr 2026Oct 2026
Expense ratio
SPIN 0.25%, better
UPSD 0.79%
Fund size
SPIN $46M
UPSD $133M
1Y total return
SPIN +6.7%
UPSD +13.9%, better
Yield (12M)
SPIN 4.88%, better
UPSD 0.58%
Holdings
SPIN 96
UPSD 99
Avg volume (30D)
SPIN 3.8K sh
UPSD 14.3K sh, better
NAV per share
SPIN $33.51
UPSD $30.33
52W range

ETF.net Grade

SPIN: Cost 100, Risk 31, Mission 90, Tradability 45, Holdings 61, Durability 61. UPSD: Cost 10, Risk 32, Mission not scored, Tradability 68, Holdings 89, Durability 53.
Pillar letters and Scores for SPIN, UPSD, with each pillar’s weight
PillarSPINUPSD
Cost30% weightA100HigherF10
Mission25% weightA90Not scored
Risk15% weightD31D32Higher
Tradability15% weightC45B68Higher
Holdings10% weightB61A89Higher
Durability5% weightB61HigherC53

Rank among S&P 500 Active Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SPIN and UPSD are both graded against the same 15 S&P 500 Active Option Income funds, so their Grades compare head to head.

S&P 500 Active Option Income⁠

Category · 15 funds
See all 15 ›

SPIN ranks 5th and UPSD 10th of 15 funds in the S&P 500 Active Option Income Category.

  1. Rank 5AHELOJPMorgan Hedged Equity Laddered Overlay ETFScore 72
  2. Rank 5ASPINState Street US Equity Premium Income ETFScore 72
  3. Rank 7ADUBSAptus Large Cap Enhanced Yield ETFScore 70
  4. Rank 9CHIGHSimplify Enhanced Income ETFScore 47
  5. Rank 10DUPSDAptus Large Cap Upside ETFScore 39
  6. Rank 11DLCTOKurv U.S. Large Cap TaxOptimized ETFScore 35

Our read on each fund

ETF.net Research

SPINAState Street US Equity Premium Income ETF

UPSDDAptus Large Cap Upside ETF

In short

SPIN State 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.

UPSD No data

Stated mandate

SPIN 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.

UPSD No data

Why people hold it

  • SPIN 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.

UPSD No data

Worth knowing

  • SPIN 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.

UPSD No data

Full SPIN profile⁠

Full UPSD profile⁠

SPIN vs UPSD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SPIN vs UPSD Cost

Overpaying UPSD vs SPIN

$10,015

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SPIN 0.25%

    $5,159

  • UPSD 0.79%

    $15,174

$10,000
30 years

Cost over time

  • SPIN 0.25%
  • UPSD 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UPSD $15,174SPIN $5,159

Year by year

YearSPINUPSDOverpaying
10$455$1,405$950
20$1,769$5,331$3,562
30$5,159$15,174$10,015

Expense ratio

  • 0.25%SPIN, cheaper
  • 0.79%UPSD
  • Middle half of S&P 500 Active Option Income funds
  • Median 0.56%

SPIN cheapest of 15 funds

UPSD 13th cheapest of 15 funds

SPIN vs UPSD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SPIN 4.88%, better
UPSD 0.58%
Payout (12M)
SPIN $1.61
UPSD $0.18
Last payment
SPIN $0.07
UPSD $0.03
Ex-dividend
SPIN Oct 1, 2026
UPSD Sep 29, 2026
Paid on
SPIN Oct 5, 2026
UPSD Sep 30, 2026
Frequency
SPIN Monthly
UPSD Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

SPINMonthly · 25 paymentsAll SPIN payments⁠
One bar per payment. 25 payments from 2024 to 2026 YTD. Oct 1, 2024 $0.20; Nov 1, 2024 $0.23; Dec 2, 2024 $0.15; Dec 27, 2024 $0.15; Feb 3, 2025 $0.16; Mar 3, 2025 $0.13; Apr 1, 2025 $0.40; May 1, 2025 $0.67; Jun 2, 2025 $0.40; Jul 1, 2025 $0.27; Aug 1, 2025 $0.11; Sep 2, 2025 $0.06; Oct 1, 2025 $0.09; Nov 3, 2025 $0.12; Dec 1, 2025 $0.15; Dec 29, 2025 $0.09; Feb 2, 2026 $0.07; Mar 2, 2026 $0.12; Apr 1, 2026 $0.32; May 1, 2026 $0.27; Jun 1, 2026 $0.14; Jul 1, 2026 $0.11; Aug 3, 2026 $0.06; Sep 1, 2026 $0.07; Oct 1, 2026 $0.07. Use the arrow keys to read each point.$0$0.502026YTD
UPSDQuarterly · 8 paymentsAll UPSD payments⁠
One bar per payment. 8 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.01; Mar 28, 2025 $0.04; Jun 27, 2025 $0.04; Sep 29, 2025 $0.05; Dec 30, 2025 $0.05; Mar 30, 2026 $0.06; Jun 29, 2026 $0.04; Sep 29, 2026 $0.03. Use the arrow keys to read each point.$0$0.502026YTD

SPIN vs UPSD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SPIN 9.3%since Oct 2024UPSD 13.8%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
SPIN 0.73since Oct 2024UPSD 0.47since Dec 2024
Worst fallMax drawdown, 5 years
SPIN −16.8%since Sep 2024UPSD −23.8%since Nov 2024
Market sensitivityBeta, 5 years
SPIN 0.64UPSD 0.96

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