NEOS S&P 500 High Income ETF (SPYI)
| Assets | $7.82B |
| Expense Ratio | 0.68% |
| PE Ratio | 27.06 |
| Shares Out | 149.70M |
| Dividend (ttm) | $6.16 |
| Dividend Yield | 11.85% |
| Ex-Dividend Date | Jan 21, 2026 |
| Payout Frequency | Monthly |
| Payout Ratio | 321.23% |
| Volume | 3,698,477 |
| Open | 51.84 |
| Previous Close | 52.29 |
| Day's Range | 51.77 - 52.19 |
| 52-Week Low | 41.60 |
| 52-Week High | 53.38 |
| Beta | 0.70 |
| Holdings | 511 |
| Inception Date | Aug 30, 2022 |
About SPYI
Fund Home PageThe 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.
Top 10 Holdings
36.61% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 7.65% |
| Apple Inc. | AAPL | 6.63% |
| Microsoft Corporation | MSFT | 5.00% |
| Amazon.com, Inc. | AMZN | 3.33% |
| Alphabet Inc. | GOOGL | 3.01% |
| Broadcom Inc. | AVGO | 2.67% |
| Alphabet Inc. | GOOG | 2.41% |
| Meta Platforms, Inc. | META | 2.37% |
| Tesla, Inc. | TSLA | 1.97% |
| Berkshire Hathaway Inc. | BRK.B | 1.56% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 21, 2026 | $0.5309 | Jan 23, 2026 |
| Dec 24, 2025 | $0.53163 | Dec 26, 2025 |
| Nov 26, 2025 | $0.5216 | Nov 28, 2025 |
| Oct 22, 2025 | $0.5268 | Oct 24, 2025 |
| Sep 24, 2025 | $0.527 | Sep 26, 2025 |
| Aug 20, 2025 | $0.5176 | Aug 22, 2025 |
Performance
SPYI had a total return of 12.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.99%.
News
Covered Call ETFs Look Perfect Until You Notice This Potential Fatal Flaw
The income looks irresistible, but the math tells a different story. A hidden risk could quietly erode long-term wealth. Why retirees may be better off skipping - or at the very least strictly limitin...
SPYI Vs. JEPI: One Is A Clear Buy, The Other Is Just A Hold
SPYI is rated 'Buy' versus 'Hold' for JEPI, driven by superior risk/reward and tax efficiency. SPYI's passively managed, tech-heavy portfolio and bullish call spread strategy capture more upside in st...
The Dark Side Of High-Yield Investing Few Retirees Understand
Many retirees invest in high-yielding funds where the income looks irresistible, but the risk is hiding in plain sight. One overlooked factor can quietly destroy long-term retirement income. There is ...
A Near-Perfect Buy-And-Hold Dividend Growth Portfolio For Retirement
Most investors think they must choose between dividend growth and mega-cap tech, but this setup breaks that rule. One overlooked ETF combination quietly solves a major retirement problem. The balance ...
My Dividend Growth Income: January 2026 Update
January delivered a robust 2.47% monthly increase in forward dividend income, reaching $6,442.40 and positioning the portfolio ahead of 2026 growth targets. Initiated a new position in Agree Realty fo...
I've Never Been More Bullish On Covered Call ETFs Than Now (But With One Caveat)
The market seems to be increasingly punctuated by notable volatility spikes, while the broad indices (and AI names) struggle to justify their valuations. This is the necessary setup for covered call E...
SPYI Vs. QQQI: Why I Prefer The SP500-Based Covered Fund
The combination of low volatility and high valuation risks make QQQI and SPYI timely as a hedge. Current realized and implied volatilities for both SPY and QQQ are unusually low, signaling complacency...
3 Monthly Dividend Payers I'm Buying Right Now
3 Monthly Dividend Payers I'm Buying Right Now
Why Letter 'L' Is The Biggest Risk For Covered Call ETF Income
Covered call ETFs play an increasingly more important role for income investors and their cash flows. These products come with several risks, but most of them should be acceptable for those who seek s...
TSPY Vs. SPYI: Why This 0DTE Fund Might Be Even Better Than SPYI
TappAlpha SPY Growth & Daily Income ETF earns a Strong Buy rating for its superior yield and S&P 500 upside capture versus SPYI. TSPY delivers 13-14% yields and better total returns than SPYI, though ...
If I Were Starting A Dividend Portfolio In 2026, Here's How I Would Invest
Dividend investing is increasingly vital amid higher rates and inflation, offering passive income and wealth compounding for retirement. Anchoring a portfolio with quality dividend ETFs like SCHD, FDV...
How A $600,000 Portfolio Can Produce $5,000 In Monthly Dividends
A $600,000 portfolio split equally among GPIX, GPIQ, SPYI, and QQQI can generate ~$5,387 in monthly income with ~10.7% yield. Covered call ETFs provide direct equity exposure to S&P 500 and Nasdaq-100...
SPYI: Why I Am Betting Big On This Covered Call ETF In 2026
The NEOS S&P 500 High ETF (SPYI) offers compelling tech exposure and strong income potential, especially as rate cuts loom in 2026. SPYI's high concentration in Magnificent 7 stocks and a 0.68% expens...
SPYI Vs. JEPI: The Winner Has Finally Been Determined
SPYI (Neos S&P 500 High-Income ETF) has decisively outperformed JEPI in total return, yield, and distribution stability over the past 3+ years. SPYI captured 98% of S&P 500 upside in 2025 versus JEPI'...
My Dividend Growth Income - December 2025 Update
I increased my forward projected dividend income by $86.77 (1.4%) in December, reaching $6,289.66. My portfolio strategy blends high-growth names like Broadcom (AVGO), Microsoft, and Visa with high-yi...
SPYI: Don't Chase This Large Distribution Yield Either
NEOS S&P 500 High Income ETF lacks downside protection despite appealing to retirees seeking high income. SPYI, like QQQI, faces distribution issues that undermine its suitability for retirement-focus...
SPYI: Full-Year Performance Shows The Fund's Strategy Is Working Better Now
NEOS S&P 500 High Income ETF earns a reiterated strong buy rating for its impressive balance of income and total returns. SPYI captured nearly all S&P 500 upside over the past year, delivering a 14.53...
SPYI: Final Distributions Are In, 94% Return Of Capital
NEOS S&P 500 High Income ETF continues to deliver strong income and capital appreciation, justifying a maintained buy rating. SPYI achieved a 17.31% total return and nearly a 12% distribution rate, wi...
The Blueprint To Navigate Option ETFs Through 2026
I expect S&P 500 and tech-driven indexes to trend higher into 2026, though volatility will persist due to elevated valuations. Index-linked option ETFs with OTM strategies and sustainable yields offer...
Avoid The High-Yield Fund Trap: My Blueprint For High Yield And High Returns
Retiring on passive income from dividends is a great way to reduce sequence of returns risk. Many investors generate this income from a basket of high-yield CEFs and ETFs. However, this strategy comes...
Undercovered Dozen: USA Rare Earth, Santacruz Silver, Western Midstream, Visa And More
The Undercovered Dozen spotlights 12 lesser-known stocks and funds with compelling investment theses and recent developments. This week's edition covers articles published between Nov. 28 and Dec. 4, ...
SCHD ETF continues to disappoint: buy SPYI instead?
The blue-chip Schwab US Dividend Equity ETF (SCHD) has had a tough year as investors dumped value stocks for high-flying technology companies like Nvidia, Palantir, and Micron. The SCHD ETF has had a...
Is Your Retirement Income Enough? How I Leveled Up Mine With Covered Call ETFs
Yield for traditional income sources have started to compress. For income-oriented investors, who seek to build a reliable passive income machine it causes a real headache. To hit a certain target inc...
The Dark Side Of High-Yield CEFs And Covered Call ETFs
High-yield CEFs and covered call ETFs lure in investors with juicy yields. However, there are several hidden dangers lurking beneath the surface of many of these funds. There is a better way to genera...
SPYI: Save On Taxes With A Double-Digit Yield
The NEOS S&P 500 High Income ETF is a covered call fund with a unique twist: tax efficient Section 1256 contracts. These contracts allow a portion of short-term returns to be taxed as long-term capita...
NEOS Investments Announces November 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 November monthly distribution amounts for their...
SPYI Vs. SPY: The Case For Covered Calls In Two Charts
Neos S&P 500 High Income ETF (SPYI) currently offers an attractive valuation and dividend yield compared to the SPDR S&P 500 ETF Trust (SPY). Judging by the latest dividend declarations, SPY faces gro...
QQQI Vs. SPYI: The NEOS ETFs I'm Buying
NEOS NASDAQ-100 High Income ETF (QQQI) and NEOS S&P 500 High Income ETF (SPYI) are both rated “Buy” for their high income and tax efficiency. QQQI offers higher yield and growth potential due to its f...
11%-Yielding One-Stop-Shop For Retiring On Dividends, With A Catch: SPYI
Neos S&P 500(R) High Income ETF offers a high monthly yield (~12% annualized) and diversified S&P 500 exposure, appealing for passive retirement income. However, this yield and diversification come wi...
The Bubble In Covered Call ETFs That Nobody Is Talking About
Covered call ETFs have surged in popularity, but most are heavily concentrated in AI-driven indices, like QQQ and SPY. AI valuations appear stretched, and a correction could hit covered call ETF inves...
Yet Another GPIX Vs. SPYI Comparison: But Let's Be Fair To SPYI
Goldman Sachs S&P 500 Premium Income ETF earns a Strong Buy rating, while Neos S&P 500 High Income ETF is rated Buy. GPIX's dynamic covered call strategy offers greater upside capture and adaptability...
NEOS Investments Announces October 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 October monthly distribution amounts for their ...
SPYI Remains Attractive In A Yield Starved Environment
The Neos S&P 500 High Income ETF (SPYI) stands out for its high yield and partial market upside participation, making it attractive for income investors. SPYI's unique two-leg option strategy enables ...
SPYI: Tax-Efficient Income That Is More Appealing Than Alternatives
Neos S&P 500 High Income ETF offers S&P 500 exposure with an 11.7% yield and strong capital preservation, making it ideal for income portfolios. SPYI employs a data-driven call option strategy, balanc...
High Yield And Tax Advantaged Income Funds From NEOS
NEOS Investments offer high yielding monthly income ETFs based on options strategies on equity and alternative investments. As a secondary priority, the ETFs seek capital appreciation from the underly...
Here's why I'd avoid the 11% yielding SPYI ETF and buy VOO
The Neos S&P 500(R) High Income ETF (SPYI) stock price has done well this year and is now hovering at its record high. In addition, the fund has an 11% yield, much higher than the Vanguard S&P 500 ETF...
NEOS Investments Announces September 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 September monthly distribution amounts for thei...
GPIX Compared To SPYI: This Goldman Fund Is A Step Ahead
Goldman Sachs S&P 500 Premium Income ETF has outperformed Neos S&P 500 High Income ETF, due to its flexible options strategy. GPIX offers a strong balance of income and total returns, with an 8% incom...
ADX Vs. SPYI: Which High-Yield Fund Is The Better Buy? It Depends
ADX and SPYI offer sky-high dividend yields to investors. Both have underlying portfolios that are quite similar to the S&P 500's. I compare them side by side and share which fund is better suited to ...
SPYI V. JEPI: This NEOS Fund Is Just Better Constructed
NEOS S&P 500 High Income ETF (SPYI) outperforms JP Morgan Equity Premium Income ETF (JEPI) in total returns, tax advantages, and income since inception. SPYI offers higher average yields (10-11%) and ...
SPYI: A Good Case For New Type Of Dividend Growth
SPYI is positioned as a strong long-term buy for income-focused investors, offering an 11% yield with monthly distributions. Despite market volatility and possible short-term corrections, SPYI's under...
SPYI: This Covered Call ETF Is Not What You Think It Is, It's Worse
Neos S&P 500 High Income ETF (SPYI) is overrated, offering high yield but limited downside protection and lower upside than the S&P 500. SPYI's covered call strategy provides income but fails to hedge...
Dividend Harvesting Portfolio Week 234: $23,400 Allocated, $2,493.46 In Projected Dividends
Fed Chair Powell's Jackson Hole remarks signal a likely September rate cut, boosting my bullish outlook for equities and income-generating assets. My Dividend Harvesting Portfolio hit all-time highs, ...
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...