UMAYvsSPYIETF Comparison
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Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. UMAY is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.68% for SPYI. UMAY is up 6.31% year-to-date (YTD) with +$73M in YTD flows. SPYI performs better with 11.28% YTD performance, and +$5.43B in YTD flows. Run a side-by-side ETF comparison of UMAY 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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UMAY vs SPYI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UMAY SPYI | +1.06%+1.71% | +1.90%+2.73% | +6.31%+11.28% | +8.56%+15.93% | +38.85%+60.69% | +37.05%n/a |
| Flows | UMAY SPYI | -$5M+$465M | -$10M+$1.86B | +$73M+$5.43B | +$68M+$6.58B | +$39M+$11.71B | +$71M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UMAY SPYI | +5.17%+8.90% | +4.41%+10.72% | +7.89%+12.54% | +8.79%n/a |
| Max drawdown | UMAY SPYI | -1.17%-2.47% | -1.84%-7.69% | -10.44%-16.58% | -12.43%n/a |
| Max drawdown duration | UMAY SPYI | 9d15d | 30d48d | 86d125d | 622dn/a |
Trading data
UMAY | SPYI | |
Last sale 10/16/2026 at 1:30 PM | $38.88 | $53.35 |
| Previous close 10/16/2026 | $39.08 | $53.82 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
UMAY | SPYI | |
|---|---|---|
| Last price | $38.88 | $53.35 |
| 1D performance | -0.50% | -0.87% |
| AuM | $136.97 M | $12.49 B |
| E/R | 0.79% | 0.68% |
Characteristics
UMAY | SPYI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | NEOS Investment Management |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 1, 2020 | August 30, 2022 |
| ESG | No | No |
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Exposure
Countries
UMAY
Data will be available soon
SPYI
Data will be available soon
Sectors
UMAY
Data will be available soon
SPYI
Data will be available soon
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Diversification
UMAY
Data will be available soon
SPYI
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
UMAY
Data will be available soon
SPYI
Data will be available soon
Frequently asked questions about UMAY and SPYI
How have the UMAY and SPYI ETFs performed in 2026?
As of October 16, 2026, UMAY is up 6.31% year-to-date (YTD), while SPYI has returned 11.28%. That puts SPYI better performer ahead so far this year.
Which ETF is attracting more investor money: UMAY or SPYI?
Year-to-date, the UMAY ETF saw +$73M in flows, compared to +$5.43B for SPYI.
Which ETF is more volatile: UMAY or SPYI?
Over the past year, UMAY had a volatility of 4.41%, while SPYI experienced 10.72%.
Which ETF is bigger: UMAY or SPYI?
As of October 16, 2026, UMAY holds $136.97 M in assets under management (AUM), while SPYI manages $12.49 B.
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