- CUSIP
- 78470P838
- Issuer
- State Street
- Inception Date
- Sep 5, 2024
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $45M
Share Price Chart
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Performance
SPIN Performance Chart
State Street US Equity Premium Income ETF (SPIN) is up 0.4% since the beginning of the year. SPIN is currently trading at $32 per share.
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Returns By Period
State Street US Equity Premium Income ETF (SPIN) has returned 0.44% so far this year and 12.90% over the past 12 months.
State Street US Equity Premium Income ETF
- 1D
- 0.27%
- 1M
- -2.27%
- YTD
- 0.44%
- 6M
- -0.32%
- 1Y
- 12.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.05%
- 1M
- -2.77%
- YTD
- 7.43%
- 6M
- 6.12%
- 1Y
- 19.13%
- 3Y*
- 18.87%
- 5Y*
- 11.43%
- 10Y*
- 13.70%
SPIN Monthly Returns History
Based on dividend-adjusted daily data since Sep 5, 2024, SPIN's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2026 with a return of +6.1%, while the worst month was Mar 2025 at -4.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPIN closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +9.2%, while the worst single day was Apr 4, 2025 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.28% | -1.95% | -4.55% | 6.11% | 2.54% | -2.61% | 0.44% | ||||||
| 2025 | 1.87% | -1.76% | -4.72% | -0.52% | 3.03% | 4.10% | 3.33% | 1.63% | 2.64% | 3.15% | 0.47% | 0.44% | 14.14% |
| 2024 | 3.57% | 0.01% | 4.69% | -1.82% | 6.47% |
Benchmark Metrics
State Street US Equity Premium Income ETF has an annualized alpha of -2.28%, beta of 0.83, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since September 05, 2024.
- This ETF participated in 87.08% of S&P 500 Index downside but only 71.88% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.28% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.28%
- Beta
- 0.83
- R²
- 0.92
- Upside Capture
- 71.88%
- Downside Capture
- 87.08%
Expense Ratio
SPIN has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
SPIN ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street US Equity Premium Income ETF (SPIN) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPIN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.18 | -0.81 |
| Martin ratioReturn relative to average drawdown | 5.53 | 9.54 | -4.01 |
Dividends
Dividend History
State Street US Equity Premium Income ETF provided a 5.78% dividend yield over the last twelve months, with an annual payout of $1.83 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.83 | $2.66 | $0.73 |
Dividend yield | 5.78% | 8.20% | 2.36% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street US Equity Premium Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.07 | $0.12 | $0.32 | $0.27 | $0.14 | $0.92 | ||||||
| 2025 | $0.00 | $0.16 | $0.13 | $0.40 | $0.67 | $0.40 | $0.27 | $0.11 | $0.06 | $0.09 | $0.12 | $0.25 | $2.66 |
| 2024 | $0.20 | $0.23 | $0.30 | $0.73 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street US Equity Premium Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street US Equity Premium Income ETF was 16.85%, occurring on Apr 8, 2025. Recovery took 68 trading sessions.
The current State Street US Equity Premium Income ETF drawdown is 2.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -16.85%Apr 2025 | 1mo 17d | 3mo 10d | 4mo 27dFeb 2025 - Jul 2025 |
2026 pullback2026 | -9.81%Mar 2026 | 2mo 1d | 1mo 29d | 4moJan 2026 - May 2026 |
2025 pullback2025 | -4.36%Nov 2025 | 7d | 8d | 15dNov 2025 - Nov 2025 |
2026 pullback2026 | -3.76%Jun 2026 | 8d | — | 26d 14hJun 2026 - now |
2025 pullback2025 | -3.57%Jan 2025 | 1mo 2d | 1mo 10d | 2mo 12dDec 2024 - Feb 2025 |
Drawdown Indicators
| SPIN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.85% | -56.78% | +39.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -9.10% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.80% | -3.36% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -10.71% | +8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.07% | +0.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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