Which is cheaper, MPIM or SPIN?

MPIM charges 0.70% a year and SPIN charges 0.25%, so SPIN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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MPIM vs SPIN: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+8.7 pts

3 months to Nov 12, 2026: SPIN ahead, total return

Fee gap

0.45 pts

A year: MPIM 0.70%, SPIN 0.25%, per filings dated Apr 24, 2026 and Aug 7, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

SPIN costs 0.45 points a year less.

Points (pts) are percentage points.

MPIM vs SPIN: Dividend Yield & Total Return
Measure	MPIM	SPIN
Paid and earned
Measure	MPIM	SPIN
Total return, 1 year	not published	+6.3%
Price change	fell 12.8% (since Aug 12, 2026)	rose 1.0% (1 year)
Return of capital, issuer estimate		97% of the Nov 5, 2026 payment
Against its benchmark
Measure	MPIM	SPIN
Benchmark	not published	S&P 500, measured through SPY
Cost and size
Measure	MPIM	SPIN
Expense ratio	0.70%	0.25%
Net assets	not read by ETFIQ	$46m
Holdings
Measure	MPIM	SPIN
Holdings in common	not published

Method

Key numbers

3.0%

MPIM cash paid, since launch, Aug 12, 2026

5.1%

SPIN cash paid, 1 year

−10.0%

MPIM total return, since launch, Aug 12, 2026

+6.3%

SPIN total return, 1 year

MPIM · since launch to Nov 12, 2026 Not measured

MPIM

−10.0%

none

Not measured

MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.

MPIM

−10.0%

Total return, distributions reinvested

Not measured

MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.

MPIM

−10.0%

3.0% of it arrived as cash. Total return, distributions reinvested. MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.

Data to Nov 12, 2026.

SPIN · 1 year to Nov 12, 2026 5.7 pts behind SPY

SPIN

+6.3%

SPY

+12.0%

5.7 pts behind SPY

SPIN over 1 year: paid 5.1%, price +1.0%, total +6.3%, SPY +12.0%, −5.7 pts. Data to Nov 12, 2026.

SPY

+12.0%

SPIN

+6.3%

5.1% as cash

5.7 pts behind SPY

Total return, distributions reinvested

5.7 pts behind SPY

SPIN over 1 year: paid 5.1%, price +1.0%, total +6.3%, SPY +12.0%, −5.7 pts. Data to Nov 12, 2026.

SPY

+12.0%

SPIN

+6.3%

5.7 pts behind SPY

5.1% of it arrived as cash. Both charts share one scale, with zero at the line. SPIN over 1 year: paid 5.1%, price +1.0%, total +6.3%, SPY +12.0%, −5.7 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

MPIM m+ Income Momentum Autocall ETF · Autocallable SPIN State Street US Equity Premium Income ETF · Covered call on SPY, paying monthly

Issuer m+ State Street

Strategy autocallable covered call

Benchmark not set S&P 500 (SPY)

Pays not established monthly

Payout rate, annualized 17.0% 5.6%

Expense ratio 0.70% 0.25%

Cash paid, 1 year 3.0% (since launch, Aug 12, 2026) 5.1%

Price change, 1 year −12.8% (since launch, Aug 12, 2026) +1.0%

Total return, 1 year −10.0% (since launch, Aug 12, 2026) +6.3%

Benchmark return, 1 year not published +12.0%

Ahead or behind not available −5.7 pts

Return of capital, latest estimate not published 97%

Age 92 days 2.2 years

Net assets not read by ETFIQ $46m

As of Nov 12, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: MPIM vs SPIN: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MPIM	SPIN	MPIM	SPIN	MPIM	SPIN
3 months	−10.6%	−1.9%	3.0%	0.9%	not measured	+0.6 pts
6 months	–	+3.6%	–	1.9%	–	+1.9 pts
1 year	–	+6.3%	–	5.1%	–	−5.7 pts
Since launchNot the same days: MPIM Aug 2026 · SPIN Sep 2024	−10.0%	+28.1%	3.0%	16.0%	not measured	−13.3 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

MPIM

Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPIM paid 3.0% of its starting value in cash distributions while its price fell 12.8%. With every distribution reinvested, the fund returned −10.0%. At its price on Nov 12, 2026 the latest distribution annualizes to 17.0%, paid periodically.

SPIN

Over the year to Nov 12, 2026, SPIN paid 5.1% of its starting value in cash distributions while its price rose 1.0%. With every distribution reinvested, the fund returned +6.3%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was behind by 5.7 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 5.6%, paid monthly. State Street estimates that 97% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, MPIM or SPIN?: MPIM charges 0.70% a year and SPIN charges 0.25%, so SPIN is cheaper. Fees come from each fund's prospectus.

Other comparisons

MPIM vs ACKY MPIM vs OEI MPIM vs ACSP MPIM vs SCLZ SPIN vs QQDH SPIN vs RECI SPIN vs TMGN SPIN vs VOOY

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →MPIM on its own →SPIN on its own →MPIM dividend history →SPIN dividend history →SPIN holdings →Method →Standards and sources →

Sources and dates

MPIM filings on SEC EDGAR ↗

MPIM prospectus with the expense ratio (SEC) ↗

SPIN filings on SEC EDGAR ↗

SPIN prospectus with the expense ratio (SEC) ↗

SPIN 19a-1 distribution notice ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, MPIM against SPIN, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpim-vs-spin

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.

MPIM and SPIN both write options for income.

MPIM on its own →SPIN on its own →

Growth of 100

MPIM and SPIN

Total return, distributions reinvested, 3 months.

MPIM −10.6%SPIN −1.9%

Aug 13, 2026Nov 12, 2026

MPIM −10.6%, SPIN −1.9%: SPIN +8.7 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.