NEOS S&P 500 High Income ETF (SPYI)
| Assets | $5.93B |
| Expense Ratio | 0.68% |
| PE Ratio | 27.63 |
| Shares Out | 112.37M |
| Dividend (ttm) | $6.13 |
| Dividend Yield | 11.69% |
| Ex-Dividend Date | Oct 22, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 323.10% |
| Volume | 2,860,031 |
| Open | 52.45 |
| Previous Close | 52.89 |
| Day's Range | 52.35 - 52.69 |
| 52-Week Low | 41.60 |
| 52-Week High | 53.08 |
| Beta | 0.71 |
| Holdings | 512 |
| 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
40.62% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 8.63% |
| Apple Inc. | AAPL | 7.01% |
| Microsoft Corporation | MSFT | 6.80% |
| Amazon.com, Inc. | AMZN | 3.77% |
| Broadcom Inc. | AVGO | 3.09% |
| Alphabet Inc. | GOOGL | 2.85% |
| Meta Platforms, Inc. | META | 2.51% |
| Alphabet Inc. | GOOG | 2.29% |
| Tesla, Inc. | TSLA | 2.14% |
| Berkshire Hathaway Inc. | BRK.B | 1.53% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 22, 2025 | $0.5268 | Oct 24, 2025 |
| Sep 24, 2025 | $0.527 | Sep 26, 2025 |
| Aug 20, 2025 | $0.5176 | Aug 22, 2025 |
| Jul 23, 2025 | $0.5112 | Jul 25, 2025 |
| Jun 25, 2025 | $0.5047 | Jun 27, 2025 |
| May 21, 2025 | $0.5063 | May 23, 2025 |
Performance
SPYI had a total return of 16.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.57%.
News
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...
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...
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,...
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...
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...
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 ...
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...
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...
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 ...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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)...
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 ...
SPYI: Paying Large Distributions Even Throughout Uncertain Times
SPYI's dual-leg option strategy allows it to generate double-digit yields and some capital appreciation, making it attractive for income-focused investors. Despite market volatility, SPYI has maintain...
SPYI Vs. JEPI: 3 Reasons To Go With SPYI
The VIX index's recent fluctuations necessitate a reevaluation of SPYI and JEPI. I do not expect moderate VIX to last. I expect setbacks in the tariff negations, especially between China and the U.S. ...
What I Wish I Knew Before Investing In High-Yield Stocks
Why some 'safe' 10%+ yields can quietly destroy your portfolio. The hidden dangers lurking inside high-dividend covered call ETFs. How to build an unstoppable dividend machine, while avoiding costly t...
NEOS Investments Announces April 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 April monthly distribution amounts for their su...
Retire With A Stress-Free 9%-Yielding Monthly Paying Dividend Portfolio
One simple portfolio pays a 0.75% yield every single month—on autopilot. Why most high-yield strategies fail and this one can thrive. Inflation protection, broad diversification, and real assets.