SPYIvsSPYETF Comparison
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NEOS S&P 500 High Income ETF (SPYI) belongs to the Options Strategies segment. State Street SPDR S&P 500 ETF Trust (SPY) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. SPYI is more expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.0945% for SPY. SPYI is up 7.41% year-to-date (YTD) with +$3.26B in YTD flows. SPY performs better with 10.16% YTD performance, and -$20.28B in YTD flows. Run a side-by-side ETF comparison of SPYI and SPY 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 SPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYI SPY | +1.15%+1.44% | +9.32%+13.53% | +7.41%+10.16% | +21.79%+26.80% | +55.19%+77.39% | n/a+92.63% |
| Flows | SPYI SPY | +$628M-$16.63B | +$1.75B+$7.63B | +$3.26B-$20.28B | +$5.99B+$309M | +$9.82B+$40.10B | -+$70.87B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYI SPY | +13.25%+15.51% | +10.40%+12.48% | +12.58%+14.99% | n/a+16.98% |
| Max drawdown | SPYI SPY | -4.11%-4.46% | -7.69%-8.89% | -16.58%-18.74% | n/a-24.50% |
| Max drawdown duration | SPYI SPY | 20d16d | 48d76d | 125d126d | n/a708d |
Trading data
SPYI | SPY | |
Last sale 6/18/2026 at 1:30 PM | $53.05 | $746.74 |
| Previous close 06/18/2026 | $52.55 | $740.96 |
| Consolidated volume 06/18/2026 | ||
| 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 | SPY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
SPYI | SPY | |
|---|---|---|
| Last price | $53.05 | $746.74 |
| 1D performance | +0.95% | +0.78% |
| AuM | $10.27 B | $758.88 B |
| E/R | 0.68% | 0.0945% |
Characteristics
SPYI | SPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | NEOS Investment Management | State Street Investment Management |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 478 | 478 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 30, 2022 | January 22, 1993 |
| ESG | No | No |
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Exposure
Countries
SPYI
USA
100.05%
Other
-0.05%
SPY
USA
96.99%
Other
3.01%
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%
SPY
Information Techn.
35.7%
Communication Ser.
10.98%
Consumer Discreti.
10.11%
Financials
9.89%
Health Care
8.38%
Industrials
8.08%
Other
16.86%
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Diversification
SPYI
Total weight of top 15 holdings out of 15
45.54%
SPY
Total weight of top 15 holdings out of 15
43.91%
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%
SPY
NVIDIA
7.85%
APPLE
6.45%
MICROSOFT-T
4.90%
AMAZON.COM INC
4.19%
ALPHABET INC-CL
3.63%
BROADCOM LIMITED
3.20%
ALPHABET INC-CL
2.89%
META PLATFORMS
2.17%
TESLA
1.74%
BERKSHIRE HATHWAY
1.41%
JPMORGAN CHASE
1.37%
LILLY
1.20%
EXXON
1.04%
MICRON TECHNOLOGY
0.94%
WALMART INC
0.94%
Frequently asked questions about SPYI and SPY
How have the SPYI and SPY ETFs performed in 2026?
As of June 18, 2026, SPYI is up 7.41% year-to-date (YTD), while SPY has returned 10.16%. That puts SPY better performer ahead so far this year.
Which ETF is attracting more investor money: SPYI or SPY?
Year-to-date, the SPYI ETF saw +$3.26B in flows, compared to -$20.28B for SPY.
Which ETF is more volatile: SPYI or SPY?
Over the past year, SPYI had a volatility of 10.4%, while SPY experienced 12.48%.
Which ETF is bigger: SPYI or SPY?
As of June 18, 2026, SPYI holds $10.27 B in assets under management (AUM), while SPY manages $758.88 B.
What sectors do the SPYI and SPY ETFs invest in?
SPYI leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, SPY focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the SPYI ETF and SPY ETF?
SPYI top holdings include NVIDIA, APPLE and MICROSOFT-T. SPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPYI or SPY?
SPYI holds 503 securities with 45.54% of its assets in the top 15. SPY has 503 securities and a top 15 weight of 43.91%.
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