NEOS S&P 500 High Income ETF (SPYI)
| Assets | $5.48B |
| Expense Ratio | 0.68% |
| PE Ratio | 27.02 |
| Shares Out | 105.68M |
| Dividend (ttm) | $6.12 |
| Dividend Yield | 11.75% |
| Ex-Dividend Date | Sep 24, 2025 |
| Payout Ratio | 317.49% |
| 1-Year Return | +2.12% |
| Volume | 1,887,167 |
| Open | 52.01 |
| Previous Close | 51.88 |
| Day's Range | 51.89 - 52.10 |
| 52-Week Low | 41.60 |
| 52-Week High | 52.78 |
| Beta | 0.71 |
| Holdings | 511 |
| Inception Date | Aug 30, 2022 |
About SPYI
Fund Home PageThe NEOS S&P 500 High Income ETF (SPYI) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is issued by Neos.
Top 10 Holdings
39.05% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 7.73% |
| Apple Inc. | AAPL | 6.77% |
| Microsoft Corporation | MSFT | 6.71% |
| Amazon.com, Inc. | AMZN | 3.75% |
| Meta Platforms, Inc. | META | 2.94% |
| Broadcom Inc. | AVGO | 2.80% |
| Alphabet Inc. | GOOGL | 2.53% |
| Tesla, Inc. | TSLA | 2.16% |
| Alphabet Inc. | GOOG | 2.04% |
| Berkshire Hathaway Inc. | BRK.B | 1.61% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 24, 2025 | $0.527 | Sep 26, 2025 |
| Aug 20, 2025 | $0.5176 | Aug 22, 2025 |
| Jul 23, 2025 | $0.5112 | Jul 25, 2025 |
| Jun 25, 2025 | $0.5047 | Jun 27, 2025 |
| May 21, 2025 | $0.5063 | May 23, 2025 |
| Apr 23, 2025 | $0.4616 | Apr 25, 2025 |
News
NEOS Investments Announces September 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces September monthly distribution amounts for thei...
GPIX Compared To SPYI: This Goldman Fund Is A Step Ahead
Goldman Sachs S&P 500 Premium Income ETF has outperformed Neos S&P 500 High Income ETF, due to its flexible options strategy. GPIX offers a strong balance of income and total returns, with an 8% incom...
ADX Vs. SPYI: Which High-Yield Fund Is The Better Buy? It Depends
ADX and SPYI offer sky-high dividend yields to investors. Both have underlying portfolios that are quite similar to the S&P 500's. I compare them side by side and share which fund is better suited to ...
SPYI V. JEPI: This NEOS Fund Is Just Better Constructed
NEOS S&P 500 High Income ETF (SPYI) outperforms JP Morgan Equity Premium Income ETF (JEPI) in total returns, tax advantages, and income since inception. SPYI offers higher average yields (10-11%) and ...
SPYI: A Good Case For New Type Of Dividend Growth
SPYI is positioned as a strong long-term buy for income-focused investors, offering an 11% yield with monthly distributions. Despite market volatility and possible short-term corrections, SPYI's under...
SPYI: This Covered Call ETF Is Not What You Think It Is, It's Worse
Neos S&P 500 High Income ETF (SPYI) is overrated, offering high yield but limited downside protection and lower upside than the S&P 500. SPYI's covered call strategy provides income but fails to hedge...
NEOS' Flagship Options Income ETFs Cross 3 Years
NEOS Investments launched its first trio of options income ETFs August 30, 2022. Three years later, the NEOS S&P 500 High Income ETF (SPYI), the NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI), and t...
Dividend Harvesting Portfolio Week 234: $23,400 Allocated, $2,493.46 In Projected Dividends
Fed Chair Powell's Jackson Hole remarks signal a likely September rate cut, boosting my bullish outlook for equities and income-generating assets. My Dividend Harvesting Portfolio hit all-time highs, ...
NEOS Investments Announces August 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces August monthly distribution amounts for their s...
Covered Call ETFs SPYI & GPIX Upside + Downside
Analyst Jack Bowman dives into SPYI and GPIX, innovative covered call ETFs offering high yields (8-12%) by actively managing call strategies to capture more upside than traditional funds. ETF structur...
Dividend Harvesting Portfolio Week 232: $23,200 Allocated, $2,467.76 In Projected Dividends
The Dividend Harvesting Portfolio rebounded strongly, with profitability up 8.06% and total dividend income now at 19.77% of invested capital. I remain bullish on the S&P 500 reaching 7,000 this year,...
SPYI's Rough Edges And A Golden Fix
I maintain my Buy rating on SPYI for its drawdown protection and income, but highlight its yield sustainability limitations in flat or bearish markets. Combining SPYI with GLDI (gold-based option inco...
SPYI Vs. QYLD: Why I Prefer S&P 500-Based Covered-Call ETFs
Recent divergence between SPYI and QYLD calls for a revelation of their valuation risks. I see a few factors that can support SPYI's outperformance relative to QYLD going forward. The top ones include...
SPYI: Recent Performance Shows Why This ETF Is Becoming The Gold Standard
SPYI's innovative covered-call strategy consistently outperforms peers by capturing more S&P 500 upside while maintaining similar downside risk. The fund's approach—selling out-of-the-money calls and ...
SPYI: Sacrificing Long-Term Gains For Short-Term Income Defeats The Purpose
SPYI's extra yield comes at the cost of holding both equity risk and limited price appreciation, making it unattractive for long-term investors seeking material total returns. A 50/50 mix of S&P 500 e...
SPYI Is Closing In On $5 Billion AUM And Produces Double-Digit Yields
NEOS S&P 500 High Income ETF's dual-leg option strategy delivers double-digit yields without sacrificing all upside, outperforming other income-focused ETFs like XYLD and JEPI in volatile markets. SPY...
SPYI Offers Yield A-Plenty
SPYI has a far higher yield than that of the S&P 500 index, which it is built on. If everything goes well, then investors will collect a lot of income with SPYI. The fund also provides a small amount ...
Troy Cates of NEOS Talks Tax-Efficient Income in 2025
Whether looking to diversify income streams or to enhance income potential in existing exposures, investors find themselves with a diverse array of options-based ETFs to choose from. Troy Cates, co-fo...
State Street Gives Sector Investors an Income Boost
The S&P 500 hit record highs multiple times in late July 2025. While investors seeking capital appreciation should be thrilled, those wanting income from their equity investments are likely a little d...
SPYI: A Rock-Solid JEPI Alternative
The NEOS S&P 500 High ETF offers an attractive 12% distribution yield and strong S&P 500 growth participation, especially for tech-focused investors. SPYI outperformed larger peers like JEPI in net as...
SPYI VS. GPIX: Declaring The New King Of S&P 500 Income ETFs (Rating Upgrade)
I revisit SPYI and GPIX ETFs after a rapid bear cycle to assess their performance and differences. Both funds experienced the market downturn and subsequent recovery, providing a real-world test of th...
5-9% Yields To Build A Low-Stress Dividend Income Stream
Building a low-stress retirement income stream requires a diversified portfolio of durable, defensive, and dividend-growing stocks or funds. I share two approaches to achieving a low-stress dividend g...
SPYI: Time To Be A Bit More Defensive
The market appears overbought amid macro uncertainties, making option income ETFs attractive tools for investors seeking stability. Neos S&P 500 High Income ETF stands out as my top pick for current c...