SPYD vs. SPYI
Compare and contrast key facts about SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and NEOS S&P 500 High Income ETF (SPYI).
SPYD and SPYI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. SPYI is an actively managed fund by Neos. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYD or SPYI.
Correlation
The correlation between SPYD and SPYI is 0.67, 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.
Performance
SPYD vs. SPYI - Performance Comparison
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Key characteristics
SPYD:
0.56
SPYI:
0.72
SPYD:
0.89
SPYI:
1.12
SPYD:
1.12
SPYI:
1.19
SPYD:
0.56
SPYI:
0.76
SPYD:
1.80
SPYI:
3.19
SPYD:
5.04%
SPYI:
3.91%
SPYD:
15.54%
SPYI:
17.12%
SPYD:
-46.42%
SPYI:
-16.47%
SPYD:
-8.05%
SPYI:
-3.15%
Returns By Period
In the year-to-date period, SPYD achieves a -0.65% return, which is significantly lower than SPYI's 0.94% return.
SPYD
-0.65%
5.27%
-4.81%
8.61%
16.01%
N/A
SPYI
0.94%
8.33%
-0.07%
12.32%
N/A
N/A
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SPYD vs. SPYI - Expense Ratio Comparison
SPYD has a 0.07% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
SPYD vs. SPYI — Risk-Adjusted Performance Rank
SPYD
SPYI
SPYD vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 High Dividend ETF (SPYD) 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.
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Dividends
SPYD vs. SPYI - Dividend Comparison
SPYD's dividend yield for the trailing twelve months is around 4.49%, less than SPYI's 12.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.49% | 4.31% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% |
SPYI NEOS S&P 500 High Income ETF | 12.47% | 12.04% | 11.02% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPYD vs. SPYI - Drawdown Comparison
The maximum SPYD drawdown since its inception was -46.42%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for SPYD and SPYI. For additional features, visit the drawdowns tool.
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Volatility
SPYD vs. SPYI - Volatility Comparison
The current volatility for SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is 4.51%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 5.52%. This indicates that SPYD 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.
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