IPDP vs. SPYI

Last updated Jun 4, 2026

IPDP (Dividend Performers ETF) and SPYI (NEOS S&P 500 High Income ETF) are both Derivative Income funds. Both are actively managed. IPDP charges 1.52%/yr vs 0.68%/yr for SPYI.

Performance

IPDP vs. SPYI - Performance Comparison

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

Returns By Period

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYI

• 1D: -0.50%
• 1M: 3.71%
• YTD: 7.72%
• 6M: 8.37%
• 1Y: 22.76%
• 3Y*: 16.41%
• 5Y*: —
• 10Y*: —

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

IPDP vs. SPYI - Yearly Performance Comparison

	2026 (YTD)
IPDP Dividend Performers ETF	0.00%
SPYI NEOS S&P 500 High Income ETF	6.26%

IPDP vs. SPYI - Sectors Allocation Comparison

Sectors	IPDP	SPYI
Industrials	45.1%	8.4%
Financial Services	18.6%	11.8%
Healthcare	13.6%	8.5%
Technology	13.1%	35.5%
Consumer Defensive	3.9%	4.9%
Consumer Cyclical	3.6%	10.1%
Basic Materials	1.5%	1.8%
Communication Services	-	11.2%
Energy	-	3.5%
Real Estate	-	2.0%
Utilities	-	2.3%

Return for Risk

IPDP vs. SPYI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYI

SPYI Risk / Return Rank: 71
SPYI Sharpe Ratio Rank: 71
SPYI Sortino Ratio Rank: 70
SPYI Omega Ratio Rank: 76
SPYI Calmar Ratio Rank: 58
SPYI Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IPDP vs. SPYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dividend Performers ETF (IPDP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IPDP	SPYI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.21	—

Drawdowns

IPDP vs. SPYI - Drawdown Comparison

The maximum IPDP drawdown since its inception was 0.00%, smaller than the maximum SPYI drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for IPDP and SPYI.

Drawdown Indicators

	IPDP	SPYI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-16.47%	+16.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.47%	—
Current Drawdown Current decline from peak	0.00%	-0.50%	+0.50%
Average Drawdown Average peak-to-trough decline	0.00%	-1.80%	+1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.48%	—

Volatility

Volatility by Period

	IPDP	SPYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	9.63%	-9.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	12.92%	-12.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	12.92%	-12.92%

IPDP vs. SPYI - Expense Ratio Comparison

IPDP has a 1.52% expense ratio, which is higher than SPYI's 0.68% expense ratio.

Dividends

IPDP vs. SPYI - Dividend Comparison

IPDP has not paid dividends to shareholders, while SPYI's dividend yield for the trailing twelve months is around 11.64%.

Position	TTM	2025	2024	2023	2022
IPDP Dividend Performers ETF	0.00%	0.00%	0.00%	0.00%	0.00%
SPYI NEOS S&P 500 High Income ETF	11.64%	11.70%	12.04%	12.01%	4.10%

Frequently Asked Questions

Which ETF is better, IPDP or SPYI?

On fees, SPYI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPDP or SPYI?

SPYI is cheaper with a 0.68% expense ratio, compared with 1.52% for IPDP.

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

SPYI has the higher dividend yield at 11.64%, compared with 0.00% for IPDP.

What is the main difference between IPDP and SPYI?

They also come from different issuers: Innovative Portfolios and Neos. Their fees differ too: 1.52% for IPDP and 0.68% for SPYI.