SPYIvsBWVTFETF Comparison
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NEOS S&P 500 High Income ETF (SPYI) 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, Communication Services and Consumer Discretionary. SPYI is less expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.75% for BWVTF. SPYI is up 5.87% year-to-date (YTD) with +$3.05B in YTD flows. BWVTF performs worse with 4.54% YTD performance, and -$126K in YTD flows. Run a side-by-side ETF comparison of SPYI 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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SPYI vs BWVTF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYI BWVTF | -0.18%+0.87% | +5.76%+2.96% | +5.87%+4.54% | +19.60%+17.57% | +53.87%+39.71% | n/a+47.98% |
| Flows | SPYI BWVTF | +$605M- | +$1.70B-$126K | +$3.05B-$126K | +$5.86B-$841K | +$9.64B-$936K | --$1M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYI BWVTF | +13.37%+10.03% | +10.26%+7.43% | +12.52%+11.19% | n/a+12.30% |
| Max drawdown | SPYI BWVTF | -5.89%-4.77% | -7.69%-5.71% | -16.58%-16.79% | n/a-19.88% |
| Max drawdown duration | SPYI BWVTF | 28d36d | 48d62d | 125d240d | n/a686d |
Trading data
SPYI | BWVTF | |
Last sale 6/12/2026 at 1:30 PM | $53.10 | |
| Previous close 06/11/2026 | $52.82 | |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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SPYI
is actively managed and doesn’t replicate an indexSPYI | 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 6/12/2026 at 1:30 PM
Live
Closed
SPYI | BWVTF | |
|---|---|---|
| Last price | $53.10 | – |
| 1D performance | +0.53% | – |
| AuM | $10.02 B | $1.48 M |
| E/R | 0.68% | 0.75% |
Characteristics
SPYI | BWVTF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | NEOS Investment Management | Barclays |
| Benchmark | - | CBOE S&P 500 BuyWrite Index |
| N° of holdings | 478 | 478 |
| Asset class | - | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 30, 2022 | May 22, 2007 |
| ESG | No | No |
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Exposure
Countries
SPYI
USA
100.05%
Other
-0.05%
BWVTF
USA
98.9%
Other
1.1%
Sectors
SPYI
Information Techn.
37.45%
Communication Ser.
10.96%
Consumer Discreti.
10.37%
Financials
10.22%
Health Care
8.56%
Industrials
8.33%
Other
14.11%
BWVTF
Information Techn.
37.13%
Communication Ser.
10.85%
Consumer Discreti.
10.29%
Financials
10.11%
Health Care
8.42%
Industrials
8.16%
Other
15.02%
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Diversification
SPYI
Total weight of top 15 holdings out of 15
45.54%
BWVTF
Total weight of top 15 holdings out of 15
45.2%
Top 15 holdings
Data as of April 30, 2026
SPYI
NVIDIA
8.75%
APPLE
6.65%
MICROSOFT-T
5.26%
AMAZON.COM INC
4.24%
ALPHABET INC-CL
3.39%
BROADCOM LIMITED
3.29%
ALPHABET INC-CL
2.70%
META PLATFORMS
2.53%
TESLA
1.77%
BERKSHIRE HATHWAY
1.46%
JPMORGAN CHASE
1.39%
LILLY
1.17%
EXXON
1.02%
MICRON TECHNOLOGY
0.98%
WALMART INC
0.94%
BWVTF
NVIDIA
8.73%
APPLE
6.51%
MICROSOFT-T
5.23%
AMAZON.COM INC
4.23%
ALPHABET INC-CL
3.38%
BROADCOM LIMITED
3.29%
ALPHABET INC-CL
2.70%
META PLATFORMS
2.46%
TESLA
1.77%
BERKSHIRE HATHWAY
1.44%
JPMORGAN CHASE
1.39%
LILLY
1.14%
EXXON
1.03%
MICRON TECHNOLOGY
0.98%
WALMART INC
0.93%
Frequently asked questions about SPYI and BWVTF
How have the SPYI and BWVTF ETFs performed in 2026?
As of June 11, 2026, SPYI is up 5.87% year-to-date (YTD), while BWVTF has returned 4.54%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: SPYI or BWVTF?
Year-to-date, the SPYI ETF saw +$3.05B in flows, compared to -$126K for BWVTF.
Which ETF is more volatile: SPYI or BWVTF?
Over the past year, SPYI had a volatility of 10.26%, while BWVTF experienced 7.43%.
Which ETF is bigger: SPYI or BWVTF?
As of June 11, 2026, SPYI holds $10.02 B in assets under management (AUM), while BWVTF manages $1.48 M.
What sectors do the SPYI and BWVTF ETFs invest in?
SPYI leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, BWVTF focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the SPYI ETF and BWVTF ETF?
SPYI top holdings include NVIDIA, APPLE and MICROSOFT-T. BWVTF holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPYI or BWVTF?
SPYI holds 503 securities with 45.54% of its assets in the top 15. BWVTF has 503 securities and a top 15 weight of 45.2%.
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