Data as of Oct 28, 2026.
OEI vs SPY: Differences, Returns & Fees
Over the year to Oct 28, 2026, OEI returned +11.0% to SPY's +13.6%, and SPY charges 0.09% to OEI's 1.02%.
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Net assets: $46m on Jul 31, 2026 for Optimized Equity Income ETF, and $814.8bn on Oct 27, 2026 for SPDR S&P 500 ETF Trust.
Pair scorecard
SPY costs 0.93 points a year less; their one-year returns differ by 2.6 points.
| Measure | OEI | SPY |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.0% | +13.6% |
| Price change, 1 year | rose 1.3% | rose 12.4% |
| Latest payout, annualized | 9.7% | |
| Benchmark | ||
| What it tracks | Benchmark: S&P 500, measured through SPY | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 1.02% | 0.09% |
| Net assets, OEI as of Jul 31, 2026 and SPY as of Oct 27, 2026 | $46m | $814.8bn |
| Holdings | ||
| Holdings in common | 66% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Oct 31, 2025 to Oct 23, 2026 · 51 weekly returnsSPY returned more: +12.6% to +10.9%. OEI fell less at its worst: −5.6% to −8.4%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | OEI | SPY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +10.9% | +12.6% | SPY | Price change plus distributions, reinvested. |
| Price return | +1.2% | +11.4% | SPY | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −5.6% | −8.4% | OEI | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 51 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, OEI and SPY hold 66% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
66% in common
Only in one fund ↓
Side by side
OEI and SPY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
OEI and SPY do different jobs. What does each one do in a portfolio?
- What each follows. OEI is measured against S&P 500 through SPY and SPY follows S&P 500 Index.
- One-year total return. Over 1 year to Oct 28, 2026 OEI returned +11.0% and SPY +13.6% with distributions reinvested, a gap of 2.6 points.
- Cost. OEI charges 1.02% of assets a year and SPY 0.09%, a gap of 0.93 points.
Data as of Oct 28, 2026.
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OEI
Over the year to Oct 28, 2026, OEI paid 9.1% of its starting value in cash distributions while its price rose 1.3%. With every distribution reinvested, the fund returned +11.0%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was behind by 2.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 9.7%, paid monthly.
SPY
SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.
Questions people ask
- Are OEI and SPY in the same category?
- OEI is an option-income ETF and SPY is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, OEI or SPY?
- In the year to Oct 28, 2026, with distributions reinvested, OEI returned +11.0% and SPY +13.6%.
- Which is cheaper, OEI or SPY?
- SPY is cheaper, by 0.93 percentage points a year. That is about $93 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, OEI against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/oei-vs-spy
ETFIQ. (Oct 28, 2026). OEI against SPY. Retrieved from https://etfiq.com/compare/any/oei-vs-spy
[OEI against SPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/oei-vs-spy)
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