SPIN vs. DRLL

Last updated Aug 6, 2026

SPIN (State Street US Equity Premium Income ETF) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - SPIN is a Derivative Income fund actively managed by State Street, while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. SPIN is actively managed, while DRLL is passively managed. Over the past year, SPIN returned 16.40% vs 37.23% for DRLL. Their 0.02 correlation means their historical movements had little consistent relationship. SPIN charges 0.25%/yr vs 0.41%/yr for DRLL.

Performance

SPIN vs. DRLL - Performance Comparison

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

Returns By Period

In the year-to-date period, SPIN achieves a 6.75% return, which is significantly lower than DRLL's 29.95% return.

SPIN

• 1D: -0.02%
• 1M: 3.46%
• 6M: 6.99%
• YTD: 6.75%
• 1Y: 16.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.57%

DRLL

• 1D: -2.68%
• 1M: 8.84%
• 6M: 11.16%
• YTD: 29.95%
• 1Y: 37.23%
• 3Y*: 11.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.29%

*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)
DRLL Strive U.S. Energy ETF	$478.10K	$507.89K	$528.94K
SPIN State Street US Equity Premium Income ETF	$56.66K	$85.51K	$117.20K

SPIN vs. DRLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPIN State Street US Equity Premium Income ETF	6.75%	14.14%	6.47%
DRLL Strive U.S. Energy ETF	29.95%	7.74%	-1.69%

Correlation

The correlation between SPIN and DRLL is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.17
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.02

The correlation between SPIN and DRLL shifts across timeframes, from -0.17 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

SPIN vs. DRLL - Sectors Allocation Comparison

Sectors	SPIN	DRLL
Technology	39.0%	-
Financial Services	12.3%	-
Communication Services	11.1%	-
Healthcare	8.7%	-
Industrials	8.6%	-
Consumer Cyclical	8.2%	0.9%
Consumer Defensive	3.7%	-
Energy	2.5%	99.1%
Basic Materials	2.4%	-
Utilities	1.9%	-
Real Estate	1.5%	-

Return for Risk

SPIN vs. DRLL — Risk / Return Rank

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

SPIN

SPIN Risk / Return Rank: 48
SPIN Sharpe Ratio Rank: 51
SPIN Sortino Ratio Rank: 48
SPIN Omega Ratio Rank: 50
SPIN Calmar Ratio Rank: 41
SPIN Martin Ratio Rank: 51

DRLL

DRLL Risk / Return Rank: 53
DRLL Sharpe Ratio Rank: 59
DRLL Sortino Ratio Rank: 53
DRLL Omega Ratio Rank: 52
DRLL Calmar Ratio Rank: 54
DRLL Martin Ratio Rank: 44

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.

SPIN vs. DRLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street US Equity Premium Income ETF (SPIN) and Strive U.S. Energy ETF (DRLL). 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.

	SPIN	DRLL	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.62	-0.19
Sortino ratio: Return per unit of downside risk	1.99	2.13	-0.13
Omega ratio: Gain probability vs. loss probability	1.26	1.27	-0.01
Calmar ratio: Return relative to maximum drawdown	1.68	2.20	-0.52
Martin ratio: Return relative to average drawdown	6.72	5.57	+1.16

SPIN vs. DRLL - Sharpe Ratio Comparison

The current SPIN Sharpe Ratio is 1.42, which is comparable to the DRLL Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of SPIN and DRLL, 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

SPIN vs. DRLL - Drawdown Comparison

The maximum SPIN drawdown since its inception was -16.85%, smaller than the maximum DRLL drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for SPIN and DRLL.

Drawdown Indicators

	SPIN	DRLL	Difference
Max Drawdown Largest peak-to-trough decline	-16.85%	-23.73%	+6.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	-16.99%	+7.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.73%	—
Current Drawdown Current decline from peak	-0.02%	-9.02%	+9.00%
Average Drawdown Average peak-to-trough decline	-2.20%	-8.14%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	6.71%	-4.26%

Volatility

SPIN vs. DRLL - Volatility Comparison

The current volatility for State Street US Equity Premium Income ETF (SPIN) is 3.81%, while Strive U.S. Energy ETF (DRLL) has a volatility of 7.42%. This indicates that SPIN experiences smaller price fluctuations and is considered to be less risky than DRLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPIN	DRLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	7.42%	-3.61%
Volatility (6M) Calculated over the trailing 6-month period	8.89%	18.67%	-9.78%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	23.14%	-11.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	23.82%	-9.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.27%	23.82%	-9.55%

SPIN vs. DRLL - Expense Ratio Comparison

SPIN has a 0.25% expense ratio, which is lower than DRLL's 0.41% expense ratio.

Dividends

SPIN vs. DRLL - Dividend Comparison

SPIN's dividend yield for the trailing twelve months is around 4.84%, more than DRLL's 2.34% yield.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.34%	2.99%	3.00%	3.01%	1.18%
SPIN State Street US Equity Premium Income ETF	4.84%	8.20%	2.36%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPIN and DRLL in my portfolio?

SPIN and DRLL have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPIN or DRLL?

DRLL has higher volatility (7.42%) compared to SPIN (3.81%). In terms of maximum drawdown, SPIN dropped -16.85% vs DRLL's -23.73%.

Which ETF is better, SPIN or DRLL?

On 1-year performance, DRLL leads with 37.23% vs 16.40% for SPIN. On fees, SPIN is cheaper at 0.25% per year. On volatility, SPIN has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPIN or DRLL?

Over the 1-year period, DRLL has performed better with a 37.23% return vs 16.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPIN or DRLL?

SPIN is cheaper with a 0.25% expense ratio, compared with 0.41% for DRLL.

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

SPIN has the higher dividend yield at 4.84%, compared with 2.34% for DRLL.

What is the main difference between SPIN and DRLL?

SPIN is categorized as Derivative Income, while DRLL is Energy Equities. They also come from different issuers: State Street and Strive. Their fees differ too: 0.25% for SPIN and 0.41% for DRLL.

Which has better risk-adjusted returns?

DRLL currently has the higher Sharpe Ratio (1.62 vs 1.42), 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.