CEPI vs SPYM
REX Crypto Equity Premium Income ETF vs State Street SPDR Portfolio S&P 500 ETF
Which is better, CEPI or SPYM?
SPYM has been ahead.
SPYM has a lower expense ratio. SPYM led over 1Y and the full window. SPYM is less concentrated, with 39.0% of the fund in its ten largest positions against 51.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CEPI | SPYM |
|---|---|---|
| Expense Ratio | 0.85% | 0.02%Best |
| AUM | $125M | $185.2B |
| Dividend Yield | 43.98% | 1.01% |
| Holdings | 149 | 509 |
| YTD Return | +13.66%Best | +13.57% |
| 1Y Return | +2.47% | +17.53%Best |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.29% |
| Volatility (annualized) | 25.9% | 12.4%Best |
| Max Drawdown | -28.9% | -18.7%Best |
| $10,000 over 1.9 years | $12,185 | $13,046Best |
| Top 10 Weight | 51.7% | 39.0%Best |
| Fund Family | REX Shares | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 4, 2024 | Nov 8, 2005 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 4, 2024 to Oct 14, 2026 (1.9 years).
CEPI vs SPYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
CEPI vs SPYM Performance
REX Crypto Equity Premium Income ETF (CEPI) is an ETF from REX Shares and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Over the past year CEPI returned +2.47% while SPYM returned +17.53%. Year to date, CEPI is up 13.66% versus a gain of 13.57% for SPYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CEPI has been the more volatile fund, with annualized monthly volatility of 25.9% compared with 12.4% for SPYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.9% for CEPI and -18.7% for SPYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CEPI charges 0.85% per year while SPYM charges 0.02%. On a $10,000 position that is $85 vs $2 annually, a gap of $83 per year that compounds over a long holding period. On income, CEPI currently yields 43.98% against 1.01% for SPYM.
Holdings Overlap
54.1% of CEPI's money is in holdings SPYM also owns. 15.4% of SPYM's money is in holdings CEPI also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 26 positions we hold weights for in CEPI and 505 in SPYM, against full books of 149 and 509.
What only one of them owns
Our book lists 486 positions for SPYM that do not appear in our book for CEPI (83.8% of the fund), and 12 for CEPI that do not appear in SPYM (38.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CEPI | Weight in SPYM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.92% | 8.49% | 3.57% |
| AMDAdvanced Micro Devices Inc | 5.64% | 1.55% | 4.09% |
| TSLATesla Inc | 5.38% | 1.57% | 3.81% |
| MUMicron Technology, Inc. | 4.87% | 1.82% | 3.05% |
| VVisa Inc Class A | 5.35% | 0.92% | 4.43% |
| MAMastercard Inc | 5.28% | 0.67% | 4.61% |
| PYPLPaypal Holdings Inc | 5.07% | 0.07% | 5.00% |
| COINCoinbase Global, Inc. | 4.98% | 0.06% | 4.92% |
| HOODRobinhood Markets Inc - A | 4.83% | 0.13% | 4.70% |
| FIFiserv, Inc. (United States) | 2.85% | 0.04% | 2.81% |
54.1% of CEPI is already inside SPYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CEPI or SPYM?
CEPI has an expense ratio of 0.85% while SPYM charges 0.02%. SPYM is the cheaper option, by $83 a year on a $10,000 investment.
Which performed better, CEPI or SPYM?
Over the past year CEPI returned +2.47% vs +17.53% for SPYM, so SPYM leads on 1-year performance. Over the longest common window we track (2 years), CEPI annualized +10.96% vs +15.02% for SPYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CEPI or SPYM?
CEPI has been the more volatile fund at 25.9% annualized versus 12.4% for SPYM. Worst drawdown: CEPI -28.9% vs SPYM -18.7%.
Should I hold both CEPI and SPYM?
CEPI and SPYM have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CEPI and SPYM?
54.1% of CEPI's money is in holdings SPYM also owns. 15.4% of SPYM's is in holdings CEPI also owns. They hold 12 positions in common, counted across the 26 positions we hold weights for in CEPI and 505 in SPYM.
Which pays a higher dividend, CEPI or SPYM?
CEPI yields 43.98% while SPYM yields 1.01%, so CEPI currently pays the higher dividend yield.
Is SPYM better than CEPI?
SPYM has a lower expense ratio. SPYM led over 1Y and the full window. SPYM is less concentrated, with 39.0% of the fund in its ten largest positions against 51.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.