TLTWvsSPYIETF Comparison
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iShares TLT Premium Income+ ETF (TLTW) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. TLTW is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.68% for SPYI. TLTW is down -0.3% year-to-date (YTD) with +$96M in YTD flows. SPYI performs better with 10.86% YTD performance, and +$5.60B in YTD flows. Run a side-by-side ETF comparison of TLTW and SPYI 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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TLTW vs SPYI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TLTW SPYI | +1.79%-0.50% | +0.19%+3.78% | -0.30%+10.86% | -2.40%+13.61% | +16.82%+64.33% | n/an/a |
| Flows | TLTW SPYI | -$166M+$414M | -$212M+$1.82B | +$96M+$5.60B | +$328M+$6.63B | +$1.32B+$11.87B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TLTW SPYI | +9.93%+8.65% | +8.50%+10.73% | +9.48%+12.53% | n/an/a |
| Max drawdown | TLTW SPYI | -6.02%-1.84% | -9.54%-7.69% | -11.12%-16.58% | n/an/a |
| Max drawdown duration | TLTW SPYI | 87d15d | 236d48d | 364d125d | n/an/a |
Trading data
TLTW | SPYI | |
Last sale 10/26/2026 at 1:30 PM | $21.04 | $52.99 |
| Previous close 10/23/2026 | $20.93 | $52.64 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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SPYI
is actively managed and doesn’t replicate an indexTLTW | SPYI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
TLTW | SPYI | |
|---|---|---|
| Last price | $21.04 | $52.99 |
| 1D performance | +0.53% | +0.66% |
| AuM | $1.59 B | $12.50 B |
| E/R | 0.35% | 0.68% |
Characteristics
TLTW | SPYI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | NEOS Investment Management |
| Benchmark | Cboe TLT 2% OTM BuyWrite Index | - |
| N° of holdings | - | - |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 18, 2022 | August 30, 2022 |
| ESG | No | No |
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Exposure
Countries
TLTW
Data will be available soon
SPYI
Data will be available soon
Sectors
TLTW
Data will be available soon
SPYI
Data will be available soon
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Diversification
TLTW
Data will be available soon
SPYI
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
TLTW
Data will be available soon
SPYI
Data will be available soon
Frequently asked questions about TLTW and SPYI
How have the TLTW and SPYI ETFs performed in 2026?
As of October 23, 2026, TLTW is down -0.3% year-to-date (YTD), while SPYI has returned 10.86%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: TLTW or SPYI?
Year-to-date, the TLTW ETF saw +$96M in flows, compared to +$5.60B for SPYI.
Which ETF is more volatile: TLTW or SPYI?
Over the past year, TLTW had a volatility of 8.5%, while SPYI experienced 10.73%.
Which ETF is bigger: TLTW or SPYI?
As of October 23, 2026, TLTW holds $1.59 B in assets under management (AUM), while SPYI manages $12.50 B.
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