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HYGWvsSPYIETF Comparison

ETF 1

HYGW

iShares High Yield Corporate Bond BuyWrite Strategy ETF

This fund is part of

Options Strategies

-0.98%

Full HYGW fund page

VS

ETF 2

SPYI

NEOS S&P 500 High Income ETF

This fund is part of

Options Strategies

-0.98%

Full SPYI fund page

iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. HYGW is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.68% for SPYI. HYGW is up 1.58% year-to-date (YTD) with -$137M 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 HYGW 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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HYGW vs SPYI performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HYGW SPYI	-0.60%+1.71%	-1.11%+2.73%	+1.58%+11.28%	+3.38%+15.93%	+17.98%+60.69%	n/an/a
Flows	HYGW SPYI	+$1M+$465M	-$66K+$1.86B	-$137M+$5.43B	-$117M+$6.58B	+$95M+$11.71B	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HYGW SPYI	+2.98%+8.90%	+2.99%+10.72%	+3.34%+12.54%	n/an/a
Max drawdown	HYGW SPYI	-1.97%-2.47%	-1.97%-7.69%	-3.65%-16.58%	n/an/a
Max drawdown duration	HYGW SPYI	51d15d	51d48d	88d125d	n/an/a

Trading data

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	HYGW	SPYI
Last sale 10/16/2026 at 7:59 PM	$27.94	$53.74
Previous close 10/16/2026	$28.03	$53.35
Consolidated volume 10/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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SPYI

is actively managed and doesn’t replicate an index

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	HYGW	SPYI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 7:59 PM

Live

Closed

	HYGW	SPYI
Last price	$27.94	$53.74
1D performance	-0.34%	+0.73%
AuM	$109.63 M	$12.49 B
E/R	0.69%	0.68%

Characteristics

	HYGW	SPYI
Management strategy	Passive	Active
Provider	iShares	NEOS Investment Management
Benchmark	Cboe HYG BuyWrite Index	-
N° of holdings	-	-
Asset class	Fixed Income	-
Trailing 12m distribution yield	Join	Join
Inception date	August 19, 2022	August 30, 2022
ESG	No	No

More HYGW data on Trackinsight

More SPYI data on Trackinsight

Exposure

Countries

HYGW

Data will be available soon

SPYI

Data will be available soon

Sectors

HYGW

Data will be available soon

SPYI

Data will be available soon

Diversification

HYGW

Data will be available soon

SPYI

Data will be available soon

Top 15 holdings

Data as of January 1, 1970

HYGW

Data will be available soon

SPYI

Data will be available soon

Frequently asked questions about HYGW and SPYI

HYGWvsSPYIETF Comparison

iShares High Yield Corporate Bond BuyWrite Strategy ETF

NEOS S&P 500 High Income ETF

HYGW vs SPYI performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the HYGW and SPYI ETFs performed in 2026?

As of October 16, 2026, HYGW is up 1.58% 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: HYGW or SPYI?

Year-to-date, the HYGW ETF saw -$137M in flows, compared to +$5.43B for SPYI.

Which ETF is more volatile: HYGW or SPYI?

Over the past year, HYGW had a volatility of 2.99%, while SPYI experienced 10.72%.

Which ETF is bigger: HYGW or SPYI?

As of October 16, 2026, HYGW holds $109.63 M in assets under management (AUM), while SPYI manages $12.49 B.

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