LTTI vs. SPIN

Last updated Aug 2, 2026

LTTI (FT Vest 20+ Year Treasury & Target Income ETF) and SPIN (State Street US Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, LTTI returned -2.61% vs 14.27% for SPIN. Their 0.12 correlation means their historical movements had little consistent relationship. LTTI charges 0.65%/yr vs 0.25%/yr for SPIN.

Performance

LTTI vs. SPIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest 20+ Year Treasury & Target Income ETF (LTTI) 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, LTTI achieves a -4.10% return, which is significantly lower than SPIN's 3.96% return.

LTTI

• 1D: -0.74%
• 1M: -3.51%
• 6M: -4.04%
• YTD: -4.10%
• 1Y: -2.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.21%

SPIN

• 1D: 1.24%
• 1M: 1.15%
• 6M: 2.65%
• YTD: 3.96%
• 1Y: 14.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.09%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LTTI FT Vest 20+ Year Treasury & Target Income ETF	$120.18K	$116.89K	$129.92K
SPIN State Street US Equity Premium Income ETF	$106.05K	$178.20K	$136.27K

LTTI vs. SPIN - Yearly Performance Comparison

	2026 (YTD)	2025
LTTI FT Vest 20+ Year Treasury & Target Income ETF	-4.10%	2.43%
SPIN State Street US Equity Premium Income ETF	3.96%	11.90%

Correlation

The correlation between LTTI and SPIN is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.12

Return for Risk

LTTI vs. SPIN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LTTI

LTTI Risk / Return Rank: 8
LTTI Sharpe Ratio Rank: 8
LTTI Sortino Ratio Rank: 8
LTTI Omega Ratio Rank: 8
LTTI Calmar Ratio Rank: 9
LTTI Martin Ratio Rank: 8

SPIN

SPIN Risk / Return Rank: 43
SPIN Sharpe Ratio Rank: 44
SPIN Sortino Ratio Rank: 43
SPIN Omega Ratio Rank: 44
SPIN Calmar Ratio Rank: 38
SPIN Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LTTI vs. SPIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest 20+ Year Treasury & Target Income ETF (LTTI) 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.

	LTTI	SPIN	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	1.11	-1.27
Sortino ratio: Return per unit of downside risk	-0.16	1.58	-1.75
Omega ratio: Gain probability vs. loss probability	0.98	1.20	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.18	1.32	-1.49
Martin ratio: Return relative to average drawdown	-0.39	5.27	-5.66

LTTI vs. SPIN - Sharpe Ratio Comparison

The current LTTI Sharpe Ratio is -0.16, which is lower than the SPIN Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of LTTI 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

LTTI vs. SPIN - Drawdown Comparison

The maximum LTTI drawdown since its inception was -9.02%, smaller than the maximum SPIN drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for LTTI and SPIN.

Drawdown Indicators

	LTTI	SPIN	Difference
Max Drawdown Largest peak-to-trough decline	-9.02%	-16.85%	+7.83%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-9.81%	+2.18%
Current Drawdown Current decline from peak	-7.63%	-0.18%	-7.45%
Average Drawdown Average peak-to-trough decline	-3.78%	-2.21%	-1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	2.45%	+0.99%

Volatility

LTTI vs. SPIN - Volatility Comparison

The current volatility for FT Vest 20+ Year Treasury & Target Income ETF (LTTI) is 2.24%, while State Street US Equity Premium Income ETF (SPIN) has a volatility of 3.43%. This indicates that LTTI experiences smaller price fluctuations and is considered to be less risky than SPIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LTTI	SPIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	3.43%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	6.27%	8.79%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	8.45%	11.62%	-3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.05%	14.25%	-4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.05%	14.25%	-4.20%

LTTI vs. SPIN - Expense Ratio Comparison

LTTI has a 0.65% expense ratio, which is higher than SPIN's 0.25% expense ratio.

Dividends

LTTI vs. SPIN - Dividend Comparison

LTTI's dividend yield for the trailing twelve months is around 9.55%, more than SPIN's 5.11% yield.

Position	TTM	2025	2024
LTTI FT Vest 20+ Year Treasury & Target Income ETF	8.74%	7.08%	0.00%
SPIN State Street US Equity Premium Income ETF	4.76%	8.20%	2.36%

Frequently Asked Questions

Can I hold both LTTI and SPIN in my portfolio?

LTTI and SPIN have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LTTI or SPIN?

SPIN has higher volatility (3.43%) compared to LTTI (2.24%). In terms of maximum drawdown, LTTI dropped -9.02% vs SPIN's -16.85%.

Which ETF is better, LTTI or SPIN?

On 1-year performance, SPIN leads with 14.27% vs -2.61% for LTTI. On fees, SPIN is cheaper at 0.25% per year. On volatility, LTTI has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LTTI or SPIN?

Over the 1-year period, SPIN has performed better with a 14.27% return vs -2.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LTTI or SPIN?

SPIN is cheaper with a 0.25% expense ratio, compared with 0.65% for LTTI.

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

LTTI has the higher dividend yield at 8.74%, compared with 4.76% for SPIN.

What is the main difference between LTTI and SPIN?

They also come from different issuers: FT Vest and State Street. Their fees differ too: 0.65% for LTTI and 0.25% for SPIN.

Which has better risk-adjusted returns?

SPIN currently has the higher Sharpe Ratio (1.11 vs -0.16), 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.