NEOS S&P 500 High Income ETF (SPYI)

BATS: SPYI · Real-Time Price · USD
51.39
+0.60 (1.18%)
At close: Aug 22, 2025, 4:00 PM
51.28
-0.11 (-0.21%)
Pre-market: Aug 25, 2025, 8:39 AM EDT
1.18%
Assets$4.88B
Expense Ratio0.68%
PE Ratio26.69
Shares Out94.05M
Dividend (ttm)$6.11
Dividend Yield11.89%
Ex-Dividend DateAug 20, 2025
Payout FrequencyMonthly
Payout Ratio317.33%
Volume2,260,441
Open50.97
Previous Close50.79
Day's Range50.90 - 51.44
52-Week Low41.60
52-Week High52.78
Beta0.71
Holdings510
Inception DateAug 30, 2022

About SPYI

Fund Home Page

The NEOS S&P 500 High Income ETF (SPYI) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is issued by Neos.

Asset Class Equity
Category Derivative Income
Region North America
Stock Exchange BATS
Ticker Symbol SPYI
ETF Provider Neos

Top 10 Holdings

37.87% of assets
NameSymbolWeight
NVIDIA CorporationNVDA7.93%
Microsoft CorporationMSFT6.97%
Apple Inc.AAPL6.23%
Amazon.com, Inc.AMZN3.90%
Meta Platforms, Inc.META2.97%
Broadcom Inc.AVGO2.54%
Alphabet Inc.GOOGL2.18%
Alphabet Inc.GOOG1.77%
Berkshire Hathaway Inc.BRK.B1.69%
Tesla, Inc.TSLA1.67%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Aug 20, 2025$0.5176Aug 22, 2025
Jul 23, 2025$0.5112Jul 25, 2025
Jun 25, 2025$0.5047Jun 27, 2025
May 21, 2025$0.5063May 23, 2025
Apr 23, 2025$0.4616Apr 25, 2025
Mar 26, 2025$0.5065Mar 28, 2025
Full Dividend History

Performance

SPYI had a total return of 14.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.09%.

News

NEOS Investments Announces August 2025 ETF Suite Distributions

WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces August monthly distribution amounts for their s...

2 days ago - Business Wire

Dividend Harvesting Portfolio Week 233: $23,300 Allocated, $2,478.50 In Projected Dividends

Dividend Harvesting Portfolio Week 233: $23,300 Allocated, $2,478.50 In Projected Dividends

Other symbols: BSTMONVDAOOBDCQQQISLB
4 days ago - Seeking Alpha

Covered Call ETFs SPYI & GPIX Upside + Downside

Analyst Jack Bowman dives into SPYI and GPIX, innovative covered call ETFs offering high yields (8-12%) by actively managing call strategies to capture more upside than traditional funds. ETF structur...

Other symbols: GPIX
4 days ago - Seeking Alpha

Dividend Harvesting Portfolio Week 232: $23,200 Allocated, $2,467.76 In Projected Dividends

The Dividend Harvesting Portfolio rebounded strongly, with profitability up 8.06% and total dividend income now at 19.77% of invested capital. I remain bullish on the S&P 500 reaching 7,000 this year,...

Other symbols: BMYBPMOOSLB
11 days ago - Seeking Alpha

SPYI's Rough Edges And A Golden Fix

I maintain my Buy rating on SPYI for its drawdown protection and income, but highlight its yield sustainability limitations in flat or bearish markets. Combining SPYI with GLDI (gold-based option inco...

11 days ago - Seeking Alpha

SPYI Vs. QYLD: Why I Prefer S&P 500-Based Covered-Call ETFs

Recent divergence between SPYI and QYLD calls for a revelation of their valuation risks. I see a few factors that can support SPYI's outperformance relative to QYLD going forward. The top ones include...

Other symbols: QYLD
12 days ago - Seeking Alpha

SPYI: Recent Performance Shows Why This ETF Is Becoming The Gold Standard

SPYI's innovative covered-call strategy consistently outperforms peers by capturing more S&P 500 upside while maintaining similar downside risk. The fund's approach—selling out-of-the-money calls and ...

12 days ago - Seeking Alpha

SPYI: Sacrificing Long-Term Gains For Short-Term Income Defeats The Purpose

SPYI's extra yield comes at the cost of holding both equity risk and limited price appreciation, making it unattractive for long-term investors seeking material total returns. A 50/50 mix of S&P 500 e...

12 days ago - Seeking Alpha

SPYI Is Closing In On $5 Billion AUM And Produces Double-Digit Yields

NEOS S&P 500 High Income ETF's dual-leg option strategy delivers double-digit yields without sacrificing all upside, outperforming other income-focused ETFs like XYLD and JEPI in volatile markets. SPY...

13 days ago - Seeking Alpha

VIDEO: ETF of the Week: XLKI

On this episode of the ETF of the Week podcast, VettaFi's Head of Research Todd Rosenbluth discussed the Technology Select Sector SPDR Premium Income Fund (XLKI) with Chuck Jaffe of Money Life. The pa...

13 days ago - ETF Trends

SPYI Offers Yield A-Plenty

SPYI has a far higher yield than that of the S&P 500 index, which it is built on. If everything goes well, then investors will collect a lot of income with SPYI. The fund also provides a small amount ...

20 days ago - Seeking Alpha

Troy Cates of NEOS Talks Tax-Efficient Income in 2025

Whether looking to diversify income streams or to enhance income potential in existing exposures, investors find themselves with a diverse array of options-based ETFs to choose from. Troy Cates, co-fo...

Other symbols: QQQI
20 days ago - ETF Trends

State Street Gives Sector Investors an Income Boost

The S&P 500 hit record highs multiple times in late July 2025. While investors seeking capital appreciation should be thrilled, those wanting income from their equity investments are likely a little d...

Other symbols: GPIXJEPISPYXLCXLF
26 days ago - ETF Trends

SPYI a 2025 Top S&P 500 Covered Call ETF

In the enhanced volatility of 2025 markets, the NEOS S&P 500 High Income ETF (SPYI) maintains notable outperformance within its covered call ETF peer group. The strategy's high distribution rates and ...

4 weeks ago - ETF Trends

SPYI: A Rock-Solid JEPI Alternative

The NEOS S&P 500 High ETF offers an attractive 12% distribution yield and strong S&P 500 growth participation, especially for tech-focused investors. SPYI outperformed larger peers like JEPI in net as...

6 weeks ago - Seeking Alpha

SPYI VS. GPIX: Declaring The New King Of S&P 500 Income ETFs (Rating Upgrade)

I revisit SPYI and GPIX ETFs after a rapid bear cycle to assess their performance and differences. Both funds experienced the market downturn and subsequent recovery, providing a real-world test of th...

Other symbols: GPIX
6 weeks ago - Seeking Alpha

5-9% Yields To Build A Low-Stress Dividend Income Stream

Building a low-stress retirement income stream requires a diversified portfolio of durable, defensive, and dividend-growing stocks or funds. I share two approaches to achieving a low-stress dividend g...

2 months ago - Seeking Alpha

SPYI: Time To Be A Bit More Defensive

The market appears overbought amid macro uncertainties, making option income ETFs attractive tools for investors seeking stability. Neos S&P 500 High Income ETF stands out as my top pick for current c...

2 months ago - Seeking Alpha

SPYI: NAV Strength Makes This ETF Better Than Synthetic Peers

SPYI offers a compelling balance of high income (12.5% yield) and price stability, making it an ideal anchor for income-focused portfolios. Unlike synthetic option ETFs, SPYI holds underlying S&P 500 ...

2 months ago - Seeking Alpha

SPYI: An Ideal Options Income Fund

SPYI offers high income yields with much of the S&P 500's upside, outperforming traditional covered call ETFs like XYLD. The fund's actively managed options strategy allows for greater flexibility and...

2 months ago - Seeking Alpha

Retire with dividends: best covered call ETFs for income investors

Income-focused investors have numerous options to generate strong returns today, with government bonds paying over 4.3%. One of the most popular approaches is known as covered call ETFs, which pay sub...

Other symbols: GPIXJEPQQDTEQYLDXDTE
2 months ago - Invezz

SPYI ETF: Is this 12% yielding JEPI rival a good fund to buy?

The NEOS S&P 500 High Income ETF (SPYI) has become one of the top “boomer candy” funds in the past few years. It has attracted over $3.8 billion in assets under management and has beaten other similar...

2 months ago - Invezz

I Hate Covered Call ETFs, But If You Must Own Them Pick, These Two

Covered call ETFs consistently underperform basic index ETFs over time due to capped upside and higher management fees. The NEOS funds (SPYI, QQQI) stand out by using call spreads, which help minimize...

Other symbols: QQQI
2 months ago - Seeking Alpha

SPYI Vs. XDTE: The Crash Showed Us These Funds' True Colors

I'm bullish on derivatives ETFs, especially as actively managed covered call strategies gain popularity. NEOS S&P 500 High Income ETF (SPYI) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE)...

Other symbols: XDTE
3 months ago - Seeking Alpha

SPYI May Be The Income ETF That Gets It Right

SPYI underperforms the S&P 500 long-term but offers less volatility and decent income, making it suitable for sideways to downward markets. SPYI's 12.52% dividend yield suits investors seeking stable ...

3 months ago - Seeking Alpha