NEOS S&P 500 High Income ETF (SPYI) Alternatives
NEOS S&P 500 High Income ETF (SPYI) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SPYI. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to SPYI
SPYI charges 0.68% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among SPYI alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| iShares S&P 500 BuyWrite ETF | 0.25% | Mar 14, 2024 | SPYI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | Sep 5, 2024 | SPYI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | Apr 9, 2024 | SPYI vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | Jul 17, 2024 | SPYI vs QQA | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | Dec 20, 2007 | SPYI vs PBP |
Best Risk-Adjusted Alternatives to SPYI
Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| YieldMax GOOGL Option Income Strategy ETF | 96 | Jul 27, 2023 | SPYI vs GOOY | |
| YieldMax TSM Option Income Strategy ETF | 95 | Aug 20, 2024 | SPYI vs TSMY | |
| Kurv Yield Premium Strategy Google ETF | 92 | Oct 30, 2023 | SPYI vs GOOP | |
| Defiance Oil Enhanced Options Income ETF | 76 | May 9, 2024 | SPYI vs USOY | |
| NEOS Russell 2000 High Income ETF | 76 | Jun 24, 2024 | SPYI vs IWMI |
Top Performing SPYI Alternatives (YTD)
SPYI alternatives from the Derivative Income category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | 59.52% | May 9, 2024 | SPYI vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 55.26% | Oct 23, 2023 | SPYI vs MRNY | |
| YieldMax XOM Option Income Strategy ETF | 23.45% | Aug 30, 2023 | SPYI vs XOMO | |
| YieldMax Short TSLA Option Income Strategy ETF | 18.37% | May 1, 2024 | SPYI vs CRSH | |
| Roundhill COST WeeklyPay ETF | 17.85% | Oct 23, 2025 | SPYI vs COSW |
Lowest Volatility Alternatives to SPYI
SPYI alternatives from the Derivative Income category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Global X NASDAQ 100 ESG Covered Call ETF | 0.00% | Feb 21, 2023 | SPYI vs QYLE | |
| Dividend Performers ETF | 0.00% | Dec 24, 2018 | SPYI vs IPDP | |
| FT Vest Investment Grade & Target Income ETF | 6.23% | Feb 11, 2025 | SPYI vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 6.88% | Aug 25, 2021 | SPYI vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | 7.77% | Aug 25, 2021 | SPYI vs QRMI |
Lowest Drawdown Alternatives to SPYI
SPYI alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| FT Vest Investment Grade & Target Income ETF | -3.41% | Feb 11, 2025 | SPYI vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | -5.02% | Aug 25, 2021 | SPYI vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | -5.04% | Aug 25, 2021 | SPYI vs QRMI | |
| Kensington Hedged Premium Income ETF | -6.55% | Sep 4, 2024 | SPYI vs KHPI | |
| T. Rowe Price Capital Appreciation Premium Income ... | -7.24% | Mar 26, 2025 | SPYI vs TCAL |
Other ETFs from Neos
Most popular Neos ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | Derivative Income | 68 | -3.45% | Jan 29, 2024 | SPYI vs QQQI | |
| NEOS Bitcoin High Income ETF | Cryptocurrency, Derivative Income | 6 | -20.23% | Oct 16, 2024 | SPYI vs BTCI | |
| NEOS Gold High Income ETF | Derivative Income, Gold | — | 6.76% | Jun 4, 2025 | SPYI vs IAUI | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | Hedge Fund | 65 | -2.89% | Dec 19, 2019 | SPYI vs QQQH | |
| Neos Enhanced Income Cash Alternative ETF | Ultrashort Bond | 96 | 1.30% | Aug 29, 2022 | SPYI vs CSHI | |
| NEOS Real Estate High Income ETF | Derivative Income | 21 | 0.57% | Jan 14, 2025 | SPYI vs IYRI | |
| NEOS MSCI EAFE High Income ETF | Derivative Income | — | 0.34% | Sep 16, 2025 | SPYI vs NIHI | |
| Neos Enhanced Income Aggregate Bond ETF | Intermediate Core-Plus Bond | 63 | 0.61% | Aug 29, 2022 | SPYI vs BNDI | |
| Neos MLP & Energy Infrastructure High Income ETF | Energy Equities | — | 15.32% | Dec 17, 2025 | SPYI vs MLPI | |
| NEOS Enhanced Income Credit Select ETF | Nontraditional Bonds | 81 | 0.31% | Sep 27, 2024 | SPYI vs HYBI |
Often Compared With SPYI
What investors most often compare with SPYI, based on PortfoliosLab usage data.
Compare SPYI with Any Fund or Stock
Compare SPYI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.