ODTE vs. SPIN
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and SPIN (State Street US Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. ODTE charges 0.76%/yr vs 0.25%/yr for SPIN.
Performance
ODTE vs. SPIN - Performance Comparison
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Returns By Period
ODTE
- 1D
- -3.53%
- 1M
- -1.06%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPIN
- 1D
- 0.15%
- 1M
- -0.23%
- YTD
- 1.00%
- 6M
- 1.56%
- 1Y
- 16.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ODTE vs. SPIN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 9.10% |
SPIN State Street US Equity Premium Income ETF | 5.61% |
Correlation
The correlation between ODTE and SPIN is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 6, 2026 | 0.75 |
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Return for Risk
ODTE vs. SPIN — Risk / Return Rank
ODTE
SPIN
ODTE vs. SPIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ODTE | SPIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.46 | 0.85 | +3.61 |
Drawdowns
ODTE vs. SPIN - Drawdown Comparison
The maximum ODTE drawdown since its inception was -3.86%, smaller than the maximum SPIN drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for ODTE and SPIN.
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Drawdown Indicators
| ODTE | SPIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.86% | -16.85% | +12.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.81% | — |
Current DrawdownCurrent decline from peak | -3.86% | -2.25% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -2.28% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.36% | — |
Volatility
ODTE vs. SPIN - Volatility Comparison
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Volatility by Period
| ODTE | SPIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 10.75% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 14.39% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.67% | 14.39% | +0.28% |
ODTE vs. SPIN - Expense Ratio Comparison
ODTE has a 0.76% expense ratio, which is higher than SPIN's 0.25% expense ratio.
Dividends
ODTE vs. SPIN - Dividend Comparison
ODTE's dividend yield for the trailing twelve months is around 2.19%, less than SPIN's 5.75% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 2.19% | 0.00% | 0.00% |
SPIN State Street US Equity Premium Income ETF | 5.75% | 8.20% | 2.36% |
Frequently Asked Questions
ODTE and SPIN have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPIN is cheaper with a 0.25% expense ratio, compared with 0.76% for ODTE.
SPIN has the higher dividend yield at 5.75%, compared with 2.19% for ODTE.
They also come from different issuers: VegaShares and State Street. Their fees differ too: 0.76% for ODTE and 0.25% for SPIN.
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