SPIN vs. XQQI

Last updated Jun 7, 2026

SPIN (State Street US Equity Premium Income ETF) and XQQI (NEOS Boosted Nasdaq-100 High Income ETF) are both exchange-traded funds - SPIN is a Derivative Income fund actively managed by State Street, while XQQI is a Nasdaq-100 fund actively managed by NEOS. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. SPIN charges 0.25%/yr vs 0.98%/yr for XQQI.

Performance

SPIN vs. XQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street US Equity Premium Income ETF (SPIN) and NEOS Boosted Nasdaq-100 High Income ETF (XQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPIN

• 1D: -2.25%
• 1M: -0.37%
• YTD: 0.85%
• 6M: 1.11%
• 1Y: 16.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XQQI

• 1D: -5.64%
• 1M: -1.95%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPIN vs. XQQI - Yearly Performance Comparison

	2026 (YTD)
SPIN State Street US Equity Premium Income ETF	0.31%
XQQI NEOS Boosted Nasdaq-100 High Income ETF	11.06%

Correlation

The correlation between SPIN and XQQI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026	0.89

Return for Risk

SPIN vs. XQQI — Risk / Return Rank

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

SPIN

SPIN Risk / Return Rank: 46
SPIN Sharpe Ratio Rank: 49
SPIN Sortino Ratio Rank: 46
SPIN Omega Ratio Rank: 51
SPIN Calmar Ratio Rank: 37
SPIN Martin Ratio Rank: 47

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.

SPIN vs. XQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street US Equity Premium Income ETF (SPIN) and NEOS Boosted Nasdaq-100 High Income ETF (XQQI). 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.

	SPIN	XQQI	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	1.74	—	—
Martin ratio: Return relative to average drawdown	7.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPIN	XQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.51	-0.67

Drawdowns

SPIN vs. XQQI - Drawdown Comparison

The maximum SPIN drawdown since its inception was -16.85%, which is greater than XQQI's maximum drawdown of -12.53%. Use the drawdown chart below to compare losses from any high point for SPIN and XQQI.

Drawdown Indicators

	SPIN	XQQI	Difference
Max Drawdown Largest peak-to-trough decline	-16.85%	-12.53%	-4.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	—	—
Current Drawdown Current decline from peak	-2.39%	-6.55%	+4.16%
Average Drawdown Average peak-to-trough decline	-2.29%	-2.09%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	—	—

Volatility

Volatility by Period

	SPIN	XQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.74%	24.26%	-13.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.40%	24.26%	-9.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.40%	24.26%	-9.86%

SPIN vs. XQQI - Expense Ratio Comparison

SPIN has a 0.25% expense ratio, which is lower than XQQI's 0.98% expense ratio.

Dividends

SPIN vs. XQQI - Dividend Comparison

SPIN's dividend yield for the trailing twelve months is around 5.76%, less than XQQI's 8.38% yield.

Position	TTM	2025	2024
SPIN State Street US Equity Premium Income ETF	5.76%	8.20%	2.36%
XQQI NEOS Boosted Nasdaq-100 High Income ETF	8.38%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPIN and XQQI in my portfolio?

SPIN and XQQI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPIN or XQQI?

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, SPIN or XQQI?

SPIN is cheaper with a 0.25% expense ratio, compared with 0.98% for XQQI.

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

XQQI has the higher dividend yield at 8.38%, compared with 5.76% for SPIN.

What is the main difference between SPIN and XQQI?

SPIN is categorized as Derivative Income, while XQQI is Nasdaq-100. They also come from different issuers: State Street and NEOS. Their fees differ too: 0.25% for SPIN and 0.98% for XQQI.