EDGE vs. SPIN

Last updated Jun 23, 2026

EDGE (MRBL Enhanced Equity ETF) and SPIN (State Street US Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, EDGE returned 28.21% vs 14.96% for SPIN. Their correlation of 0.91 suggests significant overlap in exposure. EDGE charges 0.74%/yr vs 0.25%/yr for SPIN.

Performance

EDGE vs. SPIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MRBL Enhanced Equity ETF (EDGE) and State Street US Equity Premium Income ETF (SPIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGE achieves a 9.18% return, which is significantly higher than SPIN's 0.41% return.

EDGE

• 1D: -0.36%
• 1M: 1.38%
• YTD: 9.18%
• 6M: 9.25%
• 1Y: 28.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPIN

• 1D: -1.10%
• 1M: -1.32%
• YTD: 0.41%
• 6M: -0.02%
• 1Y: 14.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGE vs. SPIN - Yearly Performance Comparison

	2026 (YTD)	2025
EDGE MRBL Enhanced Equity ETF	9.18%	12.94%
SPIN State Street US Equity Premium Income ETF	0.41%	12.05%

Correlation

The correlation between EDGE and SPIN is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025	0.91

The correlation between EDGE and SPIN has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

EDGE vs. SPIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDGE

EDGE Risk / Return Rank: 77
EDGE Sharpe Ratio Rank: 77
EDGE Sortino Ratio Rank: 76
EDGE Omega Ratio Rank: 83
EDGE Calmar Ratio Rank: 65
EDGE Martin Ratio Rank: 83

SPIN

SPIN Risk / Return Rank: 39
SPIN Sharpe Ratio Rank: 41
SPIN Sortino Ratio Rank: 38
SPIN Omega Ratio Rank: 41
SPIN Calmar Ratio Rank: 32
SPIN Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDGE vs. SPIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MRBL Enhanced Equity ETF (EDGE) and State Street US Equity Premium Income ETF (SPIN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	EDGE	SPIN	Difference
Sharpe ratio: Return per unit of total volatility	2.38	1.35	+1.03
Sortino ratio: Return per unit of downside risk	3.24	1.87	+1.37
Omega ratio: Gain probability vs. loss probability	1.48	1.25	+0.22
Calmar ratio: Return relative to maximum drawdown	3.14	1.53	+1.61
Martin ratio: Return relative to average drawdown	16.36	6.26	+10.10

EDGE vs. SPIN - Sharpe Ratio Comparison

The current EDGE Sharpe Ratio is 2.38, which is higher than the SPIN Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of EDGE and SPIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EDGE vs. SPIN - Drawdown Comparison

The maximum EDGE drawdown since its inception was -20.66%, which is greater than SPIN's maximum drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for EDGE and SPIN.

Drawdown Indicators

	EDGE	SPIN	Difference
Max Drawdown Largest peak-to-trough decline	-20.66%	-16.85%	-3.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-9.81%	+0.80%
Current Drawdown Current decline from peak	-0.66%	-2.82%	+2.16%
Average Drawdown Average peak-to-trough decline	-2.79%	-2.27%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	2.40%	-0.67%

Volatility

EDGE vs. SPIN - Volatility Comparison

MRBL Enhanced Equity ETF (EDGE) and State Street US Equity Premium Income ETF (SPIN) have volatilities of 4.35% and 4.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDGE	SPIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	4.22%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	8.77%	+1.13%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	11.16%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	14.43%	+1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	14.43%	+1.62%

EDGE vs. SPIN - Expense Ratio Comparison

EDGE has a 0.74% expense ratio, which is higher than SPIN's 0.25% expense ratio.

Dividends

EDGE vs. SPIN - Dividend Comparison

EDGE has not paid dividends to shareholders, while SPIN's dividend yield for the trailing twelve months is around 5.78%.

Position	TTM	2025	2024
EDGE MRBL Enhanced Equity ETF	0.00%	0.00%	0.00%
SPIN State Street US Equity Premium Income ETF	5.78%	8.20%	2.36%

Frequently Asked Questions

Can I hold both EDGE and SPIN in my portfolio?

With a correlation of 0.93, EDGE and SPIN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EDGE or SPIN?

EDGE has higher volatility (4.35%) compared to SPIN (4.22%). In terms of maximum drawdown, EDGE dropped -20.66% vs SPIN's -16.85%.

Which ETF is better, EDGE or SPIN?

On 1-year performance, EDGE leads with 28.21% vs 14.96% for SPIN. On fees, SPIN is cheaper at 0.25% per year. On volatility, SPIN has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGE or SPIN?

Over the 1-year period, EDGE has performed better with a 28.21% return vs 14.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGE or SPIN?

SPIN is cheaper with a 0.25% expense ratio, compared with 0.74% for EDGE.

Which ETF pays a higher dividend yield, EDGE or SPIN?

SPIN has the higher dividend yield at 5.78%, compared with 0.00% for EDGE.

What is the main difference between EDGE and SPIN?

They also come from different issuers: MRBL and State Street. Their fees differ too: 0.74% for EDGE and 0.25% for SPIN.

Which has better risk-adjusted returns?

EDGE currently has the higher Sharpe Ratio (2.38 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.