SPYI
NEOS S&P 500 High Income ETF
SPYI 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.
US
EQUITY
Active
MANAGEMENT STYLE
$ 8.1 B
ASSETS UNDER MGMT
68 bp
EXPENSES
Fund Basics
| Inception date | Aug 29, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| NVIDIA CORP | 7.5 % |
| APPLE INC | 6.8 % |
| MICROSOFT CORP | 4.9 % |
| AMAZON.COM INC | 3.7 % |
| ALPHABET INC | 3.0 % |
| BROADCOM INC | 2.6 % |
| ALPHABET INC | 2.4 % |
| META PLATFORMS INC | 2.2 % |
| TESLA INC | 1.9 % |
| BERKSHIRE HATHAWAY INC | 1.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.8% | 2.7% | 2.4% | 3.8% | -- | -- | -- | 1.7% |
| Dividend Yield | 1.0% | 12.1% | 12.6% | 13.0% | -- | -- | -- | 12.7% |
| Total Returns | 0.2% | 14.8% | 15.0% | 16.7% | -- | -- | -- | 14.4% | Ann. Volatility | 9.8% | 16.4% | 13.7% | 12.3% | -- | -- | -- | 13.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 98% |
| MSCI EAFE | 0.81 | 65% |
| MSCI Emg Mkts | 0.68 | 56% |
Liquidity Measures
| Avg. volume (000) | 5,852 |
| ADV traded (mns) | $289 |
| Turnover | 3.6% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $50.38 |
| Relative strength (RSI) | 36 |
| MACD/Signal | -0.62/-0.43 |
| Bollinger Bands (Upper/Lower) | $52.07/$48.55 |
| Short interest (% of AUM) | 0.7% |
Distributions