XEY vs. SPIN
XEY (GraniteShares YieldBOOST Ether ETF) and SPIN (State Street US Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. XEY charges 1.07%/yr vs 0.25%/yr for SPIN.
Performance
XEY vs. SPIN - Performance Comparison
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Returns By Period
XEY
- 1D
- -0.22%
- 1M
- -10.64%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPIN
- 1D
- 0.96%
- 1M
- -1.67%
- YTD
- 1.40%
- 6M
- 0.81%
- 1Y
- 13.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEY vs. SPIN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XEY GraniteShares YieldBOOST Ether ETF | -11.75% |
SPIN State Street US Equity Premium Income ETF | 0.57% |
Correlation
The correlation between XEY and SPIN is 0.41, 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 Apr 28, 2026 | 0.41 |
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Return for Risk
XEY vs. SPIN — Risk / Return Rank
XEY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPIN
XEY vs. SPIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Ether ETF (XEY) 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.
| XEY | SPIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.43 | — |
| Martin ratioReturn relative to average drawdown | — | 5.79 | — |
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Drawdowns
XEY vs. SPIN - Drawdown Comparison
The maximum XEY drawdown since its inception was -14.58%, smaller than the maximum SPIN drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for XEY and SPIN.
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Drawdown Indicators
| XEY | SPIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.58% | -16.85% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.81% | — |
Current DrawdownCurrent decline from peak | -14.58% | -1.86% | -12.72% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -2.28% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.42% | — |
Volatility
XEY vs. SPIN - Volatility Comparison
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Volatility by Period
| XEY | SPIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 11.17% | +5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 14.38% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 14.38% | +2.74% |
XEY vs. SPIN - Expense Ratio Comparison
XEY has a 1.07% expense ratio, which is higher than SPIN's 0.25% expense ratio.
Dividends
XEY vs. SPIN - Dividend Comparison
XEY's dividend yield for the trailing twelve months is around 11.42%, more than SPIN's 5.73% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SPIN State Street US Equity Premium Income ETF | 5.73% | 8.20% | 2.36% |
XEY GraniteShares YieldBOOST Ether ETF | 11.42% | 0.00% | 0.00% |
Frequently Asked Questions
XEY and SPIN have a correlation of 0.41, 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 1.07% for XEY.
XEY has the higher dividend yield at 11.42%, compared with 5.73% for SPIN.
They also come from different issuers: GraniteShares and State Street. Their fees differ too: 1.07% for XEY and 0.25% for SPIN.
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