NEOS S&P 500 High Income ETF (SPYI)
| Assets | $4.57B |
| Expense Ratio | 0.68% |
| PE Ratio | 26.52 |
| Shares Out | 82.59M |
| Dividend (ttm) | $6.15 |
| Dividend Yield | 12.09% |
| Ex-Dividend Date | Jul 23, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 320.73% |
| Volume | 2,118,349 |
| Open | 50.50 |
| Previous Close | 50.24 |
| Day's Range | 50.50 - 50.89 |
| 52-Week Low | 41.60 |
| 52-Week High | 52.78 |
| Beta | 0.71 |
| Holdings | 510 |
| 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
38.38% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 8.18% |
| Microsoft Corporation | MSFT | 7.48% |
| Apple Inc. | AAPL | 5.74% |
| Amazon.com, Inc. | AMZN | 4.18% |
| Meta Platforms, Inc. | META | 3.16% |
| Broadcom Inc. | AVGO | 2.62% |
| Alphabet Inc. | GOOGL | 2.09% |
| Alphabet Inc. | GOOG | 1.70% |
| Berkshire Hathaway Inc. | BRK.B | 1.63% |
| Tesla, Inc. | TSLA | 1.61% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 23, 2025 | $0.5112 | Jul 25, 2025 |
| Jun 25, 2025 | $0.5047 | Jun 27, 2025 |
| May 21, 2025 | $0.5063 | May 23, 2025 |
| Apr 23, 2025 | $0.4616 | Apr 25, 2025 |
| Mar 26, 2025 | $0.5065 | Mar 28, 2025 |
| Feb 26, 2025 | $0.5142 | Feb 28, 2025 |
Performance
SPYI had a total return of 17.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.56%.
News
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...
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...
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 ...
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.
Why Most Dividend Retirement Strategies Fail: How To Retire With Dividends
Most high-yield strategies are ticking time bombs. Don't get wiped out when the next downturn hits. Discover the only portfolio blend that can deliver sustainable and rising dividends through inflatio...
How is the SPYI ETF doing as the US stock market drops?
The Neos S&P 500 High Income (SPYI) ETF has retreated this year as American stocks dived amid concerns about the technology sector and the ongoing trade war between the United States and China. After ...
SPYI: Generating High Distributions From S&P 500 Index Exposure
The Neos S&P(R) 500 High Income ETF offers high monthly income via a call-writing strategy, mirroring the S&P 500 Index. SPYI's active management and data-driven call option strategy provide flexibili...
NEOS Investments Announces March 2025 ETF Suite Distributions (Correction)
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces March monthly distribution amounts for their su...
JEPI Is My Pick For Next Quarter, Beating Out SPYI
JEPI and SPYI are both popular income funds for many investors. JEPI's diversified, value-oriented portfolio and lower beta make it advantageous over the NEOS S&P 500 High Income ETF in today's market...
SPYI Has Become Timely As Yield Curve Inverted
This article upgrades my rating for SPYI to BUY from my earlier hold rating due to the yield curve inversion that occurred recently. The inversion signals heightened the potential for a market downtur...