NEOS S&P 500 High Income ETF

SPYI

Market cap $5.34B

Covered call ETFs are increasingly popular for their high yields, but differ in their option-selling strategies. NAV erosion is a common challenge, as distributions often reduce capital over time.

According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate.

There has been plenty of interest in the specialty (or premium) income ETF scene lately.

The Neos S&P 500(R) High Income ETF (SPYI) stock price has done well this year and is now hovering at its record high. In addition, the fund has an 11% yield, much higher than the Vanguard S&P 500 ETF (VOO), which yields just 1.1%.

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 their suite of ETFs that pursue monthly income and tax efficiency across core portfolio exposures. ETF distribution information as of the September 2025 Ex-Div Date (9/24/2025)   Distribution Rate* Amount / Share (%) Amount / Share ($) Distribution Frequency 30-Day SEC Yield** Bitcoin High Income ETF (.

The universe of exchange traded funds (ETFs) runs the gamut from high-risk to super-stable.

On Sept. 17, the Federal Reserve finally gave Wall Street what it had been asking for. The central bank cut its effective federal funds rate (EFFR) for the first time since 2024.

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% income target and better performance during market rallies, compared to SPYI. SPYI prioritizes higher income, with a 10-12% annual target, but employs a more rigid options strategy, leading to lower total returns than GPIX.

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 different types of investors.

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 stronger NAV growth, while JEPI focuses on conservative, diversified income with an 8% annual target. SPYI's aggressive options strategy and growth sector exposure drive better performance in rallies, with only slightly higher downside in sell-offs compared to JEPI.