ROCQ vs. SPYI

Last updated Jun 23, 2026

ROCQ (JPMorgan Nasdaq Equity Premium Yield ETF) and SPYI (NEOS S&P 500 High Income ETF) are both exchange-traded funds - ROCQ is a Nasdaq-100 fund actively managed by JPMorgan, while SPYI is a Derivative Income fund actively managed by Neos. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. ROCQ charges 0.35%/yr vs 0.68%/yr for SPYI.

Performance

ROCQ vs. SPYI - Performance Comparison

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

Returns By Period

ROCQ

• 1D: 0.07%
• 1M: 2.66%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYI

• 1D: -0.30%
• 1M: 0.07%
• YTD: 6.95%
• 6M: 6.74%
• 1Y: 21.49%
• 3Y*: 15.66%
• 5Y*: —
• 10Y*: —

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

ROCQ vs. SPYI - Yearly Performance Comparison

	2026 (YTD)
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	18.67%
SPYI NEOS S&P 500 High Income ETF	8.94%

Correlation

The correlation between ROCQ and SPYI is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	0.92

Return for Risk

ROCQ vs. SPYI — Risk / Return Rank

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

ROCQ

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

SPYI

SPYI Risk / Return Rank: 68
SPYI Sharpe Ratio Rank: 67
SPYI Sortino Ratio Rank: 64
SPYI Omega Ratio Rank: 73
SPYI Calmar Ratio Rank: 58
SPYI Martin Ratio Rank: 76

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.

ROCQ vs. SPYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ) 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.

	ROCQ	SPYI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.11	—
Sortino ratio: Return per unit of downside risk	—	2.86	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	2.80	—
Martin ratio: Return relative to average drawdown	—	14.03	—

Drawdowns

ROCQ vs. SPYI - Drawdown Comparison

The maximum ROCQ drawdown since its inception was -5.68%, smaller than the maximum SPYI drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for ROCQ and SPYI.

Drawdown Indicators

	ROCQ	SPYI	Difference
Max Drawdown Largest peak-to-trough decline	-5.68%	-16.47%	+10.79%
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%	-1.21%	+1.21%
Average Drawdown Average peak-to-trough decline	-0.95%	-1.81%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.54%	—

Volatility

Volatility by Period

	ROCQ	SPYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.80%	10.27%	+8.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	13.01%	+5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	13.01%	+5.79%

ROCQ vs. SPYI - Expense Ratio Comparison

ROCQ has a 0.35% expense ratio, which is lower than SPYI's 0.68% expense ratio.

Dividends

ROCQ vs. SPYI - Dividend Comparison

ROCQ's dividend yield for the trailing twelve months is around 2.02%, less than SPYI's 12.85% yield.

Position	TTM	2025	2024	2023	2022
ROCQ JPMorgan Nasdaq Equity Premium Yield ETF	2.02%	0.00%	0.00%	0.00%	0.00%
SPYI NEOS S&P 500 High Income ETF	12.85%	11.70%	12.04%	12.01%	4.10%

Frequently Asked Questions

Can I hold both ROCQ and SPYI in my portfolio?

With a correlation of 0.92, ROCQ and SPYI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ROCQ or SPYI?

On fees, ROCQ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ROCQ or SPYI?

ROCQ is cheaper with a 0.35% expense ratio, compared with 0.68% for SPYI.

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

SPYI has the higher dividend yield at 12.85%, compared with 2.02% for ROCQ.

What is the main difference between ROCQ and SPYI?

ROCQ is categorized as Nasdaq-100, while SPYI is Derivative Income. They also come from different issuers: JPMorgan and Neos. Their fees differ too: 0.35% for ROCQ and 0.68% for SPYI.