MSFW vs. SPIN

Last updated Jun 24, 2026

MSFW (Roundhill MSFT WeeklyPay™ ETF) and SPIN (State Street US Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. MSFW charges 0.99%/yr vs 0.25%/yr for SPIN.

Performance

MSFW vs. SPIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSFT WeeklyPay™ ETF (MSFW) 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, MSFW achieves a -27.29% return, which is significantly lower than SPIN's 0.41% return.

MSFW

• 1D: 2.55%
• 1M: -12.61%
• YTD: -27.29%
• 6M: -27.90%
• 1Y: —
• 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)

MSFW vs. SPIN - Yearly Performance Comparison

	2026 (YTD)	2025
MSFW Roundhill MSFT WeeklyPay™ ETF	-27.29%	-7.80%
SPIN State Street US Equity Premium Income ETF	0.41%	9.48%

Correlation

The correlation between MSFW and SPIN is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.49

MSFW vs. SPIN - Sectors Allocation Comparison

Sectors	MSFW	SPIN
Technology	35.1%	39.6%
Basic Materials	-	2.3%
Communication Services	-	11.9%
Consumer Cyclical	-	8.6%
Consumer Defensive	-	3.6%
Energy	-	2.7%
Financial Services	-	11.3%
Healthcare	-	8.3%
Industrials	-	8.1%
Real Estate	-	1.5%
Utilities	-	2.2%

Return for Risk

MSFW vs. SPIN — Risk / Return Rank

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

MSFW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MSFW vs. SPIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSFT WeeklyPay™ ETF (MSFW) 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.

	MSFW	SPIN	Difference
Sharpe ratio: Return per unit of total volatility	—	1.35	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	1.53	—
Martin ratio: Return relative to average drawdown	—	6.26	—

Drawdowns

MSFW vs. SPIN - Drawdown Comparison

The maximum MSFW drawdown since its inception was -40.42%, which is greater than SPIN's maximum drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for MSFW and SPIN.

Drawdown Indicators

	MSFW	SPIN	Difference
Max Drawdown Largest peak-to-trough decline	-40.42%	-16.85%	-23.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.81%	—
Current Drawdown Current decline from peak	-37.13%	-2.82%	-34.31%
Average Drawdown Average peak-to-trough decline	-18.26%	-2.27%	-15.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.40%	—

Volatility

Volatility by Period

	MSFW	SPIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.71%	11.16%	+21.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.71%	14.43%	+18.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.71%	14.43%	+18.28%

MSFW vs. SPIN - Expense Ratio Comparison

MSFW has a 0.99% expense ratio, which is higher than SPIN's 0.25% expense ratio.

Dividends

MSFW vs. SPIN - Dividend Comparison

MSFW's dividend yield for the trailing twelve months is around 48.66%, more than SPIN's 5.78% yield.

Position	TTM	2025	2024
MSFW Roundhill MSFT WeeklyPay™ ETF	48.66%	20.25%	0.00%
SPIN State Street US Equity Premium Income ETF	5.78%	8.20%	2.36%

Frequently Asked Questions

Can I hold both MSFW and SPIN in my portfolio?

MSFW and SPIN have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSFW or SPIN?

On fees, SPIN is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSFW or SPIN?

SPIN is cheaper with a 0.25% expense ratio, compared with 0.99% for MSFW.

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

MSFW has the higher dividend yield at 48.66%, compared with 5.78% for SPIN.

What is the main difference between MSFW and SPIN?

They also come from different issuers: Roundhill and State Street. Their fees differ too: 0.99% for MSFW and 0.25% for SPIN.