SPYIvsTSPYETF Comparison
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NEOS S&P 500 High Income ETF (SPYI) and TappAlpha SPY Growth & Daily Income ETF (TSPY) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Financials. SPYI is less expensive with a Total Expense Ratio (TER) of 0.68%, versus 0.77% for TSPY. SPYI is down -2.38% year-to-date (YTD) with +$1.81B in YTD flows. TSPY performs worse with -4.2% YTD performance, and +$84M in YTD flows. Run a side-by-side ETF comparison of SPYI and TSPY 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 TSPY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPYI TSPY | -3.60%-5.08% | -2.58%-4.38% | -2.38%-4.20% | +16.26%+15.25% | +49.63%n/a | n/an/a |
| Flows | SPYI TSPY | +$569M-$4M | +$1.81B+$84M | +$1.81B+$84M | +$5.21B+$219M | +$8.44B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPYI TSPY | +13.09%+14.29% | +16.31%+20.20% | +12.50%n/a | n/an/a |
| Max drawdown | SPYI TSPY | -7.69%-9.44% | -11.16%-11.67% | -16.58%n/a | n/an/a |
| Max drawdown duration | SPYI TSPY | 36d59d | 29d37d | 125dn/a | n/an/a |
Trading data
SPYI | TSPY | |
Last sale 4/2/2026 at 1:30 PM | $49.72 | $23.24 |
| Previous close 04/02/2026 | $49.65 | $23.22 |
| Consolidated volume 04/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 4/2/2026 at 1:30 PM
Live
Closed
SPYI | TSPY | |
|---|---|---|
| Last price | $49.72 | $23.24 |
| 1D performance | +0.15% | +0.09% |
| AuM | $8.25 B | $232.07 M |
| E/R | 0.68% | 0.77% |
Characteristics
SPYI | TSPY | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | NEOS Investment Management | TappAlpha |
| Benchmark | - | - |
| N° of holdings | 479 | 479 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 30, 2022 | August 14, 2024 |
| ESG | No | No |
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Exposure
Countries
SPYI
USA
96.78%
Other
3.22%
TSPY
USA
96.44%
Other
3.56%
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%
TSPY
Information Techn.
33.35%
Communication Ser.
10.43%
Financials
10.23%
Consumer Discreti.
10.06%
Health Care
9.64%
Industrials
8.5%
Other
17.79%
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Diversification
SPYI
Total weight of top 15 holdings out of 15
42.6%
TSPY
Total weight of top 15 holdings out of 15
42.09%
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%
TSPY
NVIDIA
7.29%
APPLE
6.61%
MICROSOFT-T
4.94%
AMAZON.COM INC
3.46%
ALPHABET INC-CL
3.07%
BROADCOM LIMITED
2.55%
ALPHABET INC-CL
2.45%
META PLATFORMS
2.39%
TESLA
1.91%
BERKSHIRE HATHWAY
1.57%
LILLY
1.41%
JPMORGAN CHASE
1.38%
EXXON
1.09%
JOHNSON&JOHNSON
1.01%
WALMART INC
0.95%
Frequently asked questions about SPYI and TSPY
How have the SPYI and TSPY ETFs performed in 2026?
As of April 2, 2026, SPYI is down -2.38% year-to-date (YTD), while TSPY has lost -4.2%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: SPYI or TSPY?
Year-to-date, the SPYI ETF saw +$1.81B in flows, compared to +$84M for TSPY.
Which ETF is more volatile: SPYI or TSPY?
Over the past year, SPYI had a volatility of 16.31%, while TSPY experienced 20.2%.
Which ETF is bigger: SPYI or TSPY?
As of April 2, 2026, SPYI holds $8.25 B in assets under management (AUM), while TSPY manages $232.07 M.
What sectors do the SPYI and TSPY ETFs invest in?
SPYI leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, TSPY focuses on Information Technology, Communication Services and Financials.
What are the top holdings of the SPYI ETF and TSPY ETF?
SPYI top holdings include NVIDIA, APPLE and MICROSOFT-T. TSPY holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: SPYI or TSPY?
SPYI holds 502 securities with 42.6% of its assets in the top 15. TSPY has 502 securities and a top 15 weight of 42.09%.
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Latest news about SPYI & TSPY
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