SMAYvsSPYIETF Comparison
ETF 1
SMAY
FT Vest U.S. Small Cap Moderate Buffer ETF - May
This fund is part of
Options Strategies
-0.88%
VS
FT Vest U.S. Small Cap Moderate Buffer ETF - May (SMAY) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. SMAY is more expensive with a Total Expense Ratio (TER) of 0.9%, versus 0.68% for SPYI. SMAY is up 5.78% year-to-date (YTD) with +$13M 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 SMAY 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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SMAY vs SPYI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMAY SPYI | -1.91%+1.71% | -2.81%+2.73% | +5.78%+11.28% | +7.35%+15.93% | +36.70%+60.69% | n/an/a |
| Flows | SMAY SPYI | +$1M+$465M | +$6M+$1.86B | +$13M+$5.43B | +$3M+$6.58B | +$63M+$11.71B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMAY SPYI | +7.19%+8.90% | +7.04%+10.72% | +10.19%+12.54% | n/an/a |
| Max drawdown | SMAY SPYI | -5.38%-2.47% | -5.38%-7.69% | -14.07%-16.58% | n/an/a |
| Max drawdown duration | SMAY SPYI | 60d15d | 60d48d | 327d125d | n/an/a |
Trading data
SMAY | SPYI | |
Last sale 10/16/2026 at 1:30 PM | $27.23 | $53.35 |
| Previous close 10/15/2026 | $27.50 | $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
SMAY | SPYI | |
|---|---|---|
| Last price | $27.23 | $53.35 |
| 1D performance | -0.98% | -0.87% |
| AuM | $110.18 M | $12.49 B |
| E/R | 0.9% | 0.68% |
Characteristics
SMAY | SPYI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | NEOS Investment Management |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 19, 2023 | August 30, 2022 |
| ESG | No | No |
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Exposure
Countries
SMAY
Data will be available soon
SPYI
Data will be available soon
Sectors
SMAY
Data will be available soon
SPYI
Data will be available soon
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Diversification
SMAY
Data will be available soon
SPYI
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
SMAY
Data will be available soon
SPYI
Data will be available soon
Frequently asked questions about SMAY and SPYI
How have the SMAY and SPYI ETFs performed in 2026?
As of October 15, 2026, SMAY is up 5.78% 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: SMAY or SPYI?
Year-to-date, the SMAY ETF saw +$13M in flows, compared to +$5.43B for SPYI.
Which ETF is more volatile: SMAY or SPYI?
Over the past year, SMAY had a volatility of 7.04%, while SPYI experienced 10.72%.
Which ETF is bigger: SMAY or SPYI?
As of October 15, 2026, SMAY holds $110.18 M in assets under management (AUM), while SPYI manages $12.49 B.
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