Neutral
Seeking Alpha
6 days ago
FYEE Vs. SPYI In S&P 500 Enhanced Arena: Both Rated Hold
Neos S&P 500(R) High Income ETF and Fidelity Yield Enhanced Equity ETF are both S&P 500 option-writing ETFs; I rate both Hold but prefer SPYI, especially in tax-favored accounts. SPYI offers a higher yield (11.6% TTM) versus FYEE's 6.6%, primarily due to differences in option strategies and contract selection. Both ETFs have similar sector and style exposures, but SPYI demonstrates a more stable distribution pattern and superior downside capture.