BAMD vs. SPYI

Last updated Aug 1, 2026

BAMD (Brookstone Dividend Stock ETF) and SPYI (NEOS S&P 500 High Income ETF) are both exchange-traded funds - BAMD is a Large Cap Value Equities fund actively managed by Brookstone, while SPYI is a Derivative Income fund actively managed by Neos. Both are actively managed. Over the past year, BAMD returned 14.82% vs 18.69% for SPYI. Their 0.39 correlation means their historical movements had little consistent relationship. BAMD charges 0.95%/yr vs 0.68%/yr for SPYI.

Performance

BAMD vs. SPYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookstone Dividend Stock ETF (BAMD) and NEOS S&P 500 High Income ETF (SPYI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAMD achieves a 14.83% return, which is significantly higher than SPYI's 7.96% return.

BAMD

• 1D: -0.44%
• 1M: 2.20%
• 6M: 10.21%
• YTD: 14.83%
• 1Y: 14.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.42%

SPYI

• 1D: 0.65%
• 1M: 0.62%
• 6M: 6.50%
• YTD: 7.96%
• 1Y: 18.69%
• 3Y*: 14.78%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BAMD Brookstone Dividend Stock ETF	$371.10K	$400.27K	$401.31K
SPYI NEOS S&P 500 High Income ETF	$155.71M	$137.58M	$149.04M

BAMD vs. SPYI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BAMD Brookstone Dividend Stock ETF	14.83%	-1.33%	19.76%	10.73%
SPYI NEOS S&P 500 High Income ETF	7.96%	16.67%	19.03%	6.20%

Correlation

The correlation between BAMD and SPYI is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.39

The correlation between BAMD and SPYI shifts across timeframes, from 0.28 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

BAMD vs. SPYI - Sectors Allocation Comparison

Sectors	BAMD	SPYI
Financial Services	26.8%	11.7%
Energy	14.8%	3.0%
Technology	13.5%	38.3%
Utilities	12.9%	2.2%
Consumer Defensive	12.4%	4.6%
Industrials	4.5%	8.4%
Healthcare	4.2%	8.9%
Communication Services	4.1%	10.0%
Consumer Cyclical	3.7%	9.6%
Basic Materials	2.6%	1.7%
Real Estate	0.6%	1.8%

Return for Risk

BAMD vs. SPYI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BAMD

BAMD Risk / Return Rank: 58
BAMD Sharpe Ratio Rank: 61
BAMD Sortino Ratio Rank: 64
BAMD Omega Ratio Rank: 54
BAMD Calmar Ratio Rank: 60
BAMD Martin Ratio Rank: 50

SPYI

SPYI Risk / Return Rank: 72
SPYI Sharpe Ratio Rank: 71
SPYI Sortino Ratio Rank: 68
SPYI Omega Ratio Rank: 73
SPYI Calmar Ratio Rank: 64
SPYI Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BAMD vs. SPYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookstone Dividend Stock ETF (BAMD) and NEOS S&P 500 High Income ETF (SPYI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BAMD	SPYI	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.59	-0.16
Sortino ratio: Return per unit of downside risk	2.15	2.21	-0.06
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	2.14	2.23	-0.09
Martin ratio: Return relative to average drawdown	5.85	10.69	-4.84

BAMD vs. SPYI - Sharpe Ratio Comparison

The current BAMD Sharpe Ratio is 1.43, which is comparable to the SPYI Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of BAMD and SPYI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BAMD vs. SPYI - Drawdown Comparison

The maximum BAMD drawdown since its inception was -15.91%, roughly equal to the maximum SPYI drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for BAMD and SPYI.

Drawdown Indicators

	BAMD	SPYI	Difference
Max Drawdown Largest peak-to-trough decline	-15.91%	-16.47%	+0.56%
Max Drawdown (1Y) Largest decline over 1 year	-6.99%	-7.72%	+0.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.47%	—
Current Drawdown Current decline from peak	-1.64%	-0.65%	-0.99%
Average Drawdown Average peak-to-trough decline	-4.07%	-1.79%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	1.61%	+0.94%

Volatility

BAMD vs. SPYI - Volatility Comparison

The current volatility for Brookstone Dividend Stock ETF (BAMD) is 3.03%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 3.22%. This indicates that BAMD experiences smaller price fluctuations and is considered to be less risky than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAMD	SPYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	3.22%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	7.24%	8.68%	-1.44%
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	10.80%	-0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.20%	12.96%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.20%	12.96%	+0.24%

BAMD vs. SPYI - Expense Ratio Comparison

BAMD has a 0.95% expense ratio, which is higher than SPYI's 0.68% expense ratio.

Dividends

BAMD vs. SPYI - Dividend Comparison

BAMD's dividend yield for the trailing twelve months is around 3.36%, less than SPYI's 11.93% yield.

Position	TTM	2025	2024	2023	2022
BAMD Brookstone Dividend Stock ETF	3.36%	3.86%	4.21%	0.70%	0.00%
SPYI NEOS S&P 500 High Income ETF	11.93%	11.70%	12.04%	12.01%	4.10%

Frequently Asked Questions

Can I hold both BAMD and SPYI in my portfolio?

BAMD and SPYI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAMD or SPYI?

SPYI has higher volatility (3.22%) compared to BAMD (3.03%). In terms of maximum drawdown, BAMD dropped -15.91% vs SPYI's -16.47%.

Which ETF is better, BAMD or SPYI?

On 1-year performance, SPYI leads with 18.69% vs 14.82% for BAMD. On fees, SPYI is cheaper at 0.68% per year. On volatility, BAMD has been the lower-risk option at 3.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAMD or SPYI?

Over the 1-year period, SPYI has performed better with a 18.69% return vs 14.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAMD or SPYI?

SPYI is cheaper with a 0.68% expense ratio, compared with 0.95% for BAMD.

Which ETF pays a higher dividend yield, BAMD or SPYI?

SPYI has the higher dividend yield at 11.93%, compared with 3.36% for BAMD.

What is the main difference between BAMD and SPYI?

BAMD is categorized as Large Cap Value Equities, while SPYI is Derivative Income. They also come from different issuers: Brookstone and Neos. Their fees differ too: 0.95% for BAMD and 0.68% for SPYI.

Which has better risk-adjusted returns?

SPYI currently has the higher Sharpe Ratio (1.59 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.