SPYHvsBWVTFETF Comparison
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NEOS S&P 500 Hedged Equity Income ETF (SPYH) and iPath CBOE S&P 500 BuyWrite Index ETN (BWVTF) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Communication Services. SPYH is less expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.75% for BWVTF. SPYH is up 2.21% year-to-date (YTD) with +$9M in YTD flows. BWVTF performs better with 2.23% YTD performance, and -$126K in YTD flows. Run a side-by-side ETF comparison of SPYH and BWVTF 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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SPYH vs BWVTF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYH BWVTF | +4.39%+3.84% | +0.88%+1.05% | +2.21%+2.23% | +22.15%+18.53% | n/a+41.01% | n/a+48.96% |
| Flows | SPYH BWVTF | +$1M-$126K | +$5M-$126K | +$9M-$126K | +$25M-$841K | --$936K | --$1M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYH BWVTF | +9.65%+10.85% | +8.21%+7.26% | n/a+11.21% | n/a+12.33% |
| Max drawdown | SPYH BWVTF | -5.98%-5.71% | -5.98%-5.71% | n/a-16.79% | n/a-19.88% |
| Max drawdown duration | SPYH BWVTF | 50d57d | 50d57d | n/a240d | n/a686d |
Trading data
SPYH | BWVTF | |
Last sale 4/27/2026 at 3:03 PM | $55.20 | |
| Previous close 04/24/2026 | $55.24 | |
| Consolidated volume 04/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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SPYH
is actively managed and doesn’t replicate an indexSPYH | BWVTF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 3:03 PM
Live
Closed
SPYH | BWVTF | |
|---|---|---|
| Last price | $55.20 | – |
| 1D performance | -0.07% | – |
| AuM | $27.04 M | $1.45 M |
| E/R | 0.68% | 0.75% |
Characteristics
SPYH | BWVTF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | NEOS Investment Management | Barclays |
| Benchmark | - | CBOE S&P 500 BuyWrite Index |
| N° of holdings | 455 | 478 |
| Asset class | - | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2025 | May 22, 2007 |
| ESG | No | No |
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Exposure
Countries
SPYH
USA
94.41%
Other
5.59%
BWVTF
USA
98.16%
Other
1.84%
Sectors
SPYH
Information Techn.
32.63%
Financials
10.38%
Communication Ser.
10.01%
Consumer Discreti.
9.43%
Health Care
9.08%
Industrials
7.69%
Other
20.78%
BWVTF
Information Techn.
34.3%
Financials
10.44%
Communication Ser.
10.14%
Consumer Discreti.
10.07%
Health Care
9.46%
Industrials
8.51%
Other
17.08%
Diversification
SPYH
Total weight of top 15 holdings out of 15
41.4%
BWVTF
Total weight of top 15 holdings out of 15
42.59%
Top 15 holdings
Data as of March 31, 2026
SPYH
NVIDIA
7.26%
APPLE
6.61%
MICROSOFT-T
4.77%
AMAZON.COM INC
3.56%
ALPHABET INC-CL
2.88%
BROADCOM LIMITED
2.51%
ALPHABET INC-CL
2.30%
META PLATFORMS
2.12%
TESLA
1.80%
BERKSHIRE HATHWAY
1.59%
JPMORGAN CHASE
1.43%
EXXON
1.31%
LILLY
1.22%
JOHNSON&JOHNSON
1.05%
WALMART INC
0.99%
BWVTF
NVIDIA
7.56%
APPLE
6.78%
MICROSOFT-T
4.92%
AMAZON.COM INC
3.62%
ALPHABET INC-CL
2.97%
BROADCOM LIMITED
2.65%
ALPHABET INC-CL
2.38%
META PLATFORMS
2.13%
TESLA
1.89%
BERKSHIRE HATHWAY
1.59%
JPMORGAN CHASE
1.42%
EXXON
1.33%
LILLY
1.29%
JOHNSON&JOHNSON
1.08%
WALMART INC
1.00%
Frequently asked questions about SPYH and BWVTF
How have the SPYH and BWVTF ETFs performed in 2026?
As of April 24, 2026, SPYH is up 2.21% year-to-date (YTD), while BWVTF has returned 2.23%. That puts BWVTF better performer ahead so far this year.
Which ETF is attracting more investor money: SPYH or BWVTF?
Year-to-date, the SPYH ETF saw +$9M in flows, compared to -$126K for BWVTF.
Which ETF is more volatile: SPYH or BWVTF?
Over the past year, SPYH had a volatility of 8.21%, while BWVTF experienced 7.26%.
Which ETF is bigger: SPYH or BWVTF?
As of April 24, 2026, SPYH holds $27.04 M in assets under management (AUM), while BWVTF manages $1.45 M.
What sectors do the SPYH and BWVTF ETFs invest in?
SPYH leans toward sectors like Information Technology, Financials and Communication Services. Meanwhile, BWVTF focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the SPYH ETF and BWVTF ETF?
SPYH top holdings include NVIDIA, APPLE and MICROSOFT-T. BWVTF holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPYH or BWVTF?
SPYH holds 479 securities with 41.4% of its assets in the top 15. BWVTF has 503 securities and a top 15 weight of 42.59%.
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