BALTvsSPYIETF Comparison
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Innovator Defined Wealth Shield ETF (BALT) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. BALT is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.68% for SPYI. BALT is up 4.35% year-to-date (YTD) with +$884M in YTD flows. SPYI performs better with 11.28% YTD performance, and +$5.43B in YTD flows. Run a side-by-side ETF comparison of BALT and SPYI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BALT vs SPYI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BALT SPYI | +1.01%+1.71% | +1.67%+2.73% | +4.35%+11.28% | +6.76%+15.93% | +25.03%+60.69% | +35.57%n/a |
| Flows | BALT SPYI | +$199M+$465M | +$432M+$1.86B | +$884M+$5.43B | +$1.16B+$6.58B | +$2.36B+$11.71B | +$2.79B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BALT SPYI | +2.53%+8.90% | +2.18%+10.72% | +3.34%+12.54% | +3.42%n/a |
| Max drawdown | BALT SPYI | -0.55%-2.47% | -1.14%-7.69% | -4.80%-16.58% | -4.80%n/a |
| Max drawdown duration | BALT SPYI | 15d15d | 47d48d | 100d125d | 100dn/a |
Trading data
BALT | SPYI | |
Last sale 10/16/2026 at 1:30 PM | $34.97 | $53.35 |
| Previous close 10/15/2026 | $35.06 | $53.82 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BALT | SPYI | |
|---|---|---|
| Last price | $34.97 | $53.35 |
| 1D performance | -0.26% | -0.87% |
| AuM | $3.14 B | $12.49 B |
| E/R | 0.69% | 0.68% |
Characteristics
BALT | SPYI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | NEOS Investment Management |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 30, 2021 | August 30, 2022 |
| ESG | No | No |
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Exposure
Countries
BALT
Data will be available soon
SPYI
Data will be available soon
Sectors
BALT
Data will be available soon
SPYI
Data will be available soon
Diversification
BALT
Data will be available soon
SPYI
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
BALT
Data will be available soon
SPYI
Data will be available soon
Frequently asked questions about BALT and SPYI
How have the BALT and SPYI ETFs performed in 2026?
As of October 16, 2026, BALT is up 4.35% year-to-date (YTD), while SPYI has returned 11.28%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: BALT or SPYI?
Year-to-date, the BALT ETF saw +$884M in flows, compared to +$5.43B for SPYI.
Which ETF is more volatile: BALT or SPYI?
Over the past year, BALT had a volatility of 2.18%, while SPYI experienced 10.72%.
Which ETF is bigger: BALT or SPYI?
As of October 16, 2026, BALT holds $3.14 B in assets under management (AUM), while SPYI manages $12.49 B.
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