- ISIN
- US78433H303
- CUSIP
- 78433H303
- Issuer
- Neos
- Inception Date
- Aug 29, 2022
- Category
- Derivative Income, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $10B
Share Price Chart
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Performance
SPYI Performance Chart
NEOS S&P 500 High Income ETF (SPYI) is up 5.7% since the beginning of the year. SPYI is currently trading at $53 per share.
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Returns By Period
NEOS S&P 500 High Income ETF (SPYI) has returned 5.65% so far this year and 19.87% over the past 12 months.
NEOS S&P 500 High Income ETF
- 1D
- -2.24%
- 1M
- -0.20%
- YTD
- 5.65%
- 6M
- 5.99%
- 1Y
- 19.87%
- 3Y*
- 15.61%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
SPYI Monthly Returns History
Based on dividend-adjusted daily data since Aug 30, 2022, SPYI's average daily return is +0.06%, while the average monthly return is +1.17%. At this rate, an investment would double in approximately 5.0 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +7.2%, while the worst month was Sep 2022 at -7.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPYI closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +8.8%, while the worst single day was Apr 4, 2025 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.37% | -0.18% | -4.27% | 7.21% | 3.89% | -2.08% | 5.65% | ||||||
| 2025 | 2.39% | -0.55% | -4.61% | -0.39% | 4.88% | 3.69% | 2.21% | 2.05% | 2.70% | 1.99% | 0.73% | 0.74% | 16.67% |
| 2024 | 1.76% | 3.40% | 2.33% | -3.36% | 3.94% | 2.17% | 1.15% | 2.45% | 1.68% | -0.25% | 4.38% | -1.82% | 19.03% |
| 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% | 18.09% |
| 2022 | -0.51% | -7.78% | 5.78% | 4.74% | -4.03% | -2.44% |
Benchmark Metrics
NEOS S&P 500 High Income ETF has an annualized alpha of 1.21%, beta of 0.77, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since August 31, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (73.63%) than losses (73.03%) - typical of diversified or defensive assets.
- Alpha
- 1.21%
- Beta
- 0.77
- R²
- 0.91
- Upside Capture
- 73.63%
- Downside Capture
- 73.03%
Expense Ratio
SPYI has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPYI ranks 72 for risk / return — better than 72% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for NEOS S&P 500 High Income ETF (SPYI) and compare them to S&P 500 Index.
| SPYI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.69 | +0.03 |
| Martin ratioReturn relative to average drawdown | 14.08 | 12.34 | +1.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
NEOS S&P 500 High Income ETF provided a 11.87% dividend yield over the last twelve months, with an annual payout of $6.26 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $6.26 | $6.15 | $6.12 | $5.79 | $1.89 |
Dividend yield | 11.87% | 11.70% | 12.04% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.53 | $0.52 | $0.51 | $0.52 | $0.54 | $0.00 | $2.62 | ||||||
| 2025 | $0.52 | $0.51 | $0.51 | $0.46 | $0.51 | $0.50 | $0.51 | $0.52 | $0.53 | $0.53 | $0.52 | $0.53 | $6.15 |
| 2024 | $0.49 | $0.50 | $0.50 | $0.49 | $0.50 | $0.51 | $0.51 | $0.56 | $0.51 | $0.52 | $0.52 | $0.52 | $6.12 |
| 2023 | $0.48 | $0.47 | $0.47 | $0.48 | $0.49 | $0.50 | $0.50 | $0.49 | $0.49 | $0.47 | $0.48 | $0.48 | $5.79 |
| 2022 | $0.49 | $0.46 | $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.
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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 16.47%, occurring on Apr 8, 2025. Recovery took 53 trading sessions.
The current NEOS S&P 500 High Income ETF drawdown is 2.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -16.47%Apr 2025 | 1mo 17d | 2mo 18d | 4mo 5dFeb 2025 - Jun 2025 |
Bear market2022 | -10.19%Sep 2022 | 17d | 4mo 4d | 4mo 21dSep 2022 - Feb 2023 |
2026 pullback2026 | -7.72%Mar 2026 | 1mo 2d | 16d | 1mo 18dFeb 2026 - Apr 2026 |
2023 pullback2023 | -7.55%Oct 2023 | 2mo 26d | 1mo 17d | 4mo 13dAug 2023 - Dec 2023 |
2024 pullback2024 | -6.61%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
Drawdown Indicators
| SPYI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.47% | -56.78% | +40.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -9.10% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.47% | -18.90% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.40% | -2.97% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -10.72% | +8.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.97% | -0.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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