SBAR vs. SPYI
Compare and contrast key facts about Simplify Barrier Income ETF (SBAR) and NEOS S&P 500 High Income ETF (SPYI).
SBAR and SPYI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBAR is an actively managed fund by Simplify. It was launched on Apr 14, 2025. SPYI is an actively managed fund by Neos. It was launched on Aug 29, 2022.
Performance
SBAR vs. SPYI - Performance Comparison
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SBAR vs. SPYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SBAR Simplify Barrier Income ETF | -3.29% | 13.80% |
SPYI NEOS S&P 500 High Income ETF | -3.13% | 24.16% |
Returns By Period
The year-to-date returns for both investments are quite close, with SBAR having a -3.29% return and SPYI slightly higher at -3.13%.
SBAR
- 1D
- 0.99%
- 1M
- -3.40%
- YTD
- -3.29%
- 6M
- -0.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYI
- 1D
- 2.91%
- 1M
- -4.27%
- YTD
- -3.13%
- 6M
- 0.26%
- 1Y
- 16.35%
- 3Y*
- 14.25%
- 5Y*
- —
- 10Y*
- —
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SBAR vs. SPYI - Expense Ratio Comparison
SBAR has a 0.75% expense ratio, which is higher than SPYI's 0.68% expense ratio.
Return for Risk
SBAR vs. SPYI — Risk / Return Rank
SBAR
SPYI
SBAR vs. SPYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Barrier Income ETF (SBAR) 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.
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Sharpe Ratios by Period
| SBAR | SPYI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 1.00 | +0.05 |
Correlation
The correlation between SBAR and SPYI is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SBAR vs. SPYI - Dividend Comparison
SBAR's dividend yield for the trailing twelve months is around 12.31%, less than SPYI's 12.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SBAR Simplify Barrier Income ETF | 12.31% | 8.56% | 0.00% | 0.00% | 0.00% |
SPYI NEOS S&P 500 High Income ETF | 12.50% | 11.70% | 12.04% | 12.01% | 4.10% |
Drawdowns
SBAR vs. SPYI - Drawdown Comparison
The maximum SBAR drawdown since its inception was -5.32%, smaller than the maximum SPYI drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for SBAR and SPYI.
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Drawdown Indicators
| SBAR | SPYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -16.47% | +11.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.02% | — |
Current DrawdownCurrent decline from peak | -4.39% | -5.03% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -1.86% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
SBAR vs. SPYI - Volatility Comparison
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Volatility by Period
| SBAR | SPYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.15% | 16.22% | -6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.15% | 13.12% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.15% | 13.12% | -2.97% |