ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
State Street is one of the largest ETF providers globally and is known for its SPDR family of funds, which pioneered the modern ETF industry. The company's 17-fund lineup spans multiple strategies including broad market exposure (SPLG), dividend-focused income products (SPYD, SPYM), sector-specific funds (the Select Sector SPDR series), and specialized strategies like covered call income (Premium Income series) and portfolio construction tools (SPDR Portfolio). Notable for its extensive Select Sector SPDR offerings that track individual S&P 500 sectors and its focus on both traditional index investing and income-generating strategies, State Street serves investors across a wide range of investment objectives from core holdings to tactical income plays.
See our curated list of related YouTube videos on SPY.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Roundhill Investments is known for creating thematic and income-focused ETFs that often incorporate covered call strategies and weekly distribution mechanisms. The firm operates 38 funds across four main families—Core, Income, Thematic, and WeeklyPay—with popular tickers like MAGC, MAGS, and MAGY in their income lineup, plus numerous weekly call writing products (AAPW, AMDW, MSFW, and others) tied to major technology and commodity names. The issuer specializes in niche strategies designed to generate frequent income distributions while providing targeted sector or individual stock exposure.
See our curated list of related YouTube videos on XDTE.
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
SPY (SPDR S&P 500 ETF Trust) and XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) are both dividend ETFs, but they take different approaches.
XDTE offers the higher yield at 19.78% vs 0.98% for SPY. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SPY is cheaper with an expense ratio of 0.09% compared to 0.97%.
They track different benchmarks: SPY is linked to S&P 500 Index while XDTE tracks SPX, which means their performance drivers differ.
SPY is the larger fund by assets ($735.1B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, SPY would generate roughly $8.17/month, while XDTE would produce $164.83/month, at current distribution rates.
SPY yield0.98%
XDTE yield19.78%
Monthly diff on $10K$156.67
Cost & efficiency
Over 10 years on $10,000, SPY would cost approximately $90 in fees vs $970 for XDTE (simplified, not compounded). The $880.00 difference may be offset by yield or performance.
SPY ER0.09%
XDTE ER0.97%
Strategy & risk
SPY tracks S&P 500 Index with a large cap approach, while XDTE tracks SPX using a covered call strategy.
SPY beta1.0
XDTE beta—
Fund details
SPY is managed by State Street (launched 01/22/1993) with $735.1B in assets. XDTE is managed by Roundhill Investments (launched 08/15/2024) with $288M in assets.
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Frequently asked questions
Is SPY or XDTE better for dividend income?
It depends on your goals. XDTE currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between SPY and XDTE?
SPY (SPDR S&P 500 ETF Trust) tracks S&P 500 Index with a large cap strategy, while XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) tracks SPX with a covered call approach. They are issued by State Street and Roundhill Investments respectively.
Can I hold both SPY and XDTE?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, SPY or XDTE?
SPY has an expense ratio of 0.09% while XDTE charges 0.97%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SPY vs XDTE generate?
At current rates, $10,000 in SPY would generate roughly $8.17 per month ($98.00 annually). The same in XDTE would produce about $164.83 per month ($1,978.00 annually).
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