NEOS S&P 500 High Income ETF (SPYI)
The NEOS S&P 500 High Income ETF (SPYI) aims to provide high monthly income to investors while managing their tax liabilities effectively. The Fund invests in the components of the S&P 500 Index and uses a data-informed call option strategy, which involves both selling and purchasing SPX index options, in order to capitalize on potential gains during equity market upswings.
ETF Info
US78433H303
78433H303
Aug 29, 2022
1x
No Index (Active)
Large-Cap
Blend
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in NEOS S&P 500 High Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
NEOS S&P 500 High Income ETF had a return of 18.58% year-to-date (YTD) and 21.85% in the last 12 months.
SPYI
18.58%
0.39%
9.77%
21.85%
N/A
N/A
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of SPYI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.76% | 3.40% | 2.33% | -3.36% | 3.94% | 2.17% | 1.15% | 2.45% | 1.68% | -0.25% | 18.58% | ||
| 2023 | 4.14% | -0.80% | 3.12% | 2.26% | 1.31% | 3.77% | 2.19% | -0.67% | -3.97% | -1.30% | 4.73% | 2.35% | 18.10% |
| 2022 | -0.51% | -7.79% | 5.78% | 4.74% | -4.03% | -2.44% |
Expense Ratio
SPYI features an expense ratio of 0.68%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SPYI is 80, placing it in the top 20% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for NEOS S&P 500 High Income ETF (SPYI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
NEOS S&P 500 High Income ETF provided a 10.78% dividend yield over the last twelve months, with an annual payout of $5.57 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $5.57 | $5.79 | $1.89 |
Dividend yield | 10.78% | 12.01% | 4.10% |
Monthly Dividends
The table displays the monthly dividend distributions for NEOS S&P 500 High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.49 | $0.50 | $0.50 | $0.49 | $0.50 | $0.51 | $0.51 | $0.56 | $0.52 | $0.52 | $0.00 | $5.08 | |
| 2023 | $0.48 | $0.47 | $0.47 | $0.48 | $0.49 | $0.50 | $0.51 | $0.49 | $0.49 | $0.47 | $0.48 | $0.49 | $5.79 |
| 2022 | $0.49 | $0.47 | $0.48 | $0.46 | $1.89 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the NEOS S&P 500 High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the NEOS S&P 500 High Income ETF was 10.19%, occurring on Sep 30, 2022. Recovery took 84 trading sessions.
The current NEOS S&P 500 High Income ETF drawdown is 1.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.19% | Sep 13, 2022 | 14 | Sep 30, 2022 | 84 | Feb 1, 2023 | 98 |
| -7.55% | Aug 2, 2023 | 62 | Oct 27, 2023 | 32 | Dec 13, 2023 | 94 |
| -6.61% | Jul 17, 2024 | 14 | Aug 5, 2024 | 10 | Aug 19, 2024 | 24 |
| -6.02% | Feb 7, 2023 | 23 | Mar 10, 2023 | 23 | Apr 13, 2023 | 46 |
| -4.65% | Apr 1, 2024 | 15 | Apr 19, 2024 | 18 | May 15, 2024 | 33 |
Volatility
Volatility Chart
The current NEOS S&P 500 High Income ETF volatility is 2.95%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.