SPYIvsSPYETF Comparison
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NEOS S&P 500 High Income ETF (SPYI) belongs to the Options Strategies segment. 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 Financials. SPYI is more expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.0945% for SPY. SPYI is down -2.51% year-to-date (YTD) with +$1.79B in YTD flows. SPY performs worse with -3.65% YTD performance, and -$32.44B 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 04/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYI SPY | -3.73%-4.34% | -2.71%-3.86% | -2.51%-3.65% | +16.70%+18.08% | +49.43%+65.65% | n/a+75.15% |
| Flows | SPYI SPY | +$544M-$13.90B | +$1.79B-$32.44B | +$1.79B-$32.44B | +$5.19B-$22.99B | +$8.42B+$33.48B | -+$52.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYI SPY | +13.19%+14.50% | +16.32%+18.34% | +12.51%+14.87% | n/a+16.89% |
| Max drawdown | SPYI SPY | -7.69%-8.89% | -11.16%-12.11% | -16.58%-18.74% | n/a-24.50% |
| Max drawdown duration | SPYI SPY | 35d64d | 29d29d | 125d126d | n/a708d |
Trading data
SPYI | SPY | |
Last sale 4/2/2026 at 1:30 PM | $49.72 | $655.83 |
| Previous close 04/01/2026 | $49.65 | $655.24 |
| Consolidated volume 04/01/2026 | ||
| 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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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 4/2/2026 at 1:30 PM
Live
Closed
SPYI | SPY | |
|---|---|---|
| Last price | $49.72 | $655.83 |
| 1D performance | +0.15% | +0.09% |
| AuM | $8.22 B | $653.20 B |
| E/R | 0.68% | 0.0945% |
Characteristics
SPYI | SPY | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | NEOS Investment Management | SPDR |
| Benchmark | - | S&P 500 Index |
| N° of holdings | 479 | 479 |
| 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
96.78%
Other
3.22%
SPY
USA
96.75%
Other
3.25%
Sectors
SPYI
Information Techn.
33.85%
Communication Ser.
10.24%
Financials
10.23%
Consumer Discreti.
10.09%
Health Care
9.57%
Industrials
8.55%
Other
17.47%
SPY
Information Techn.
33.46%
Communication Ser.
10.46%
Financials
10.26%
Consumer Discreti.
10.09%
Health Care
9.67%
Industrials
8.53%
Other
17.53%
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Diversification
SPYI
Total weight of top 15 holdings out of 15
42.6%
SPY
Total weight of top 15 holdings out of 15
42.22%
Top 15 holdings
Data as of February 28, 2026
SPYI
NVIDIA
7.88%
APPLE
6.77%
MICROSOFT-T
4.86%
AMAZON.COM INC
3.42%
ALPHABET INC-CL
3.07%
BROADCOM LIMITED
2.59%
ALPHABET INC-CL
2.45%
META PLATFORMS
2.34%
TESLA
1.94%
BERKSHIRE HATHWAY
1.52%
LILLY
1.39%
JPMORGAN CHASE
1.36%
EXXON
1.07%
JOHNSON&JOHNSON
1.00%
WALMART INC
0.94%
SPY
NVIDIA
7.31%
APPLE
6.63%
MICROSOFT-T
4.96%
AMAZON.COM INC
3.47%
ALPHABET INC-CL
3.08%
BROADCOM LIMITED
2.56%
ALPHABET INC-CL
2.46%
META PLATFORMS
2.40%
TESLA
1.92%
BERKSHIRE HATHWAY
1.57%
LILLY
1.42%
JPMORGAN CHASE
1.39%
EXXON
1.09%
JOHNSON&JOHNSON
1.02%
WALMART INC
0.95%
Frequently asked questions about SPYI and SPY
How have the SPYI and SPY ETFs performed in 2026?
As of April 1, 2026, SPYI is down -2.51% year-to-date (YTD), while SPY has lost -3.65%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: SPYI or SPY?
Year-to-date, the SPYI ETF saw +$1.79B in flows, compared to -$32.44B for SPY.
Which ETF is more volatile: SPYI or SPY?
Over the past year, SPYI had a volatility of 16.32%, while SPY experienced 18.34%.
Which ETF is bigger: SPYI or SPY?
As of April 1, 2026, SPYI holds $8.22 B in assets under management (AUM), while SPY manages $653.20 B.
What sectors do the SPYI and SPY ETFs invest in?
SPYI leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, SPY focuses on Information Technology, Communication Services and Financials.
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 502 securities with 42.6% of its assets in the top 15. SPY has 502 securities and a top 15 weight of 42.22%.
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