SPYI vs. EIC
SPYI (NEOS S&P 500 High Income ETF) is Derivative Income fund actively managed by Neos, while EIC (Eagle Point Income Company Inc.) is a stock. Over the past 3 years, SPYI returned 15.48%/yr vs 6.21%/yr for EIC. At a 0.24 correlation, their price movements are largely independent.
Performance
SPYI vs. EIC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYI achieves a 6.31% return, which is significantly higher than EIC's -2.60% return.
SPYI
- 1D
- 0.53%
- 1M
- -0.01%
- YTD
- 6.31%
- 6M
- 6.98%
- 1Y
- 19.90%
- 3Y*
- 15.48%
- 5Y*
- —
- 10Y*
- —
EIC
- 1D
- -0.68%
- 1M
- -2.22%
- YTD
- -2.60%
- 6M
- 1.58%
- 1Y
- -10.02%
- 3Y*
- 6.21%
- 5Y*
- 4.82%
- 10Y*
- —
SPYI vs. EIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 6.31% | 16.67% | 19.03% | 18.09% | -3.96% |
EIC Eagle Point Income Company Inc. | -2.60% | -15.28% | 24.02% | 20.86% | -13.69% |
Correlation
The correlation between SPYI and EIC is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYI vs. EIC — Risk / Return Rank
SPYI
EIC
SPYI vs. EIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS S&P 500 High Income ETF (SPYI) and Eagle Point Income Company Inc. (EIC). 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.
| SPYI | EIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.93 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | -0.35 | +2.94 |
| Martin ratioReturn relative to average drawdown | 13.05 | -0.65 | +13.69 |
Loading charts...
Drawdowns
SPYI vs. EIC - Drawdown Comparison
The maximum SPYI drawdown since its inception was -16.47%, smaller than the maximum EIC drawdown of -67.08%. Use the drawdown chart below to compare losses from any high point for SPYI and EIC.
Loading charts...
Drawdown Indicators
| SPYI | EIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.47% | -67.08% | +50.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -28.67% | +20.95% |
Max Drawdown (3Y)Largest decline over 3 years | -16.47% | -34.06% | +17.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.06% | — |
Current DrawdownCurrent decline from peak | -1.79% | -22.93% | +21.14% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -12.30% | +10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 15.54% | -14.01% |
Volatility
SPYI vs. EIC - Volatility Comparison
The current volatility for NEOS S&P 500 High Income ETF (SPYI) is 3.62%, while Eagle Point Income Company Inc. (EIC) has a volatility of 4.34%. This indicates that SPYI experiences smaller price fluctuations and is considered to be less risky than EIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYI | EIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 4.34% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 13.89% | -5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.10% | 19.68% | -9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.99% | 20.20% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 37.40% | -24.41% |
Dividends
SPYI vs. EIC - Dividend Comparison
SPYI's dividend yield for the trailing twelve months is around 11.80%, less than EIC's 16.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EIC Eagle Point Income Company Inc. | 16.86% | 17.35% | 15.44% | 13.59% | 11.03% | 7.78% | 10.39% | 3.65% |
SPYI NEOS S&P 500 High Income ETF | 11.80% | 11.70% | 12.04% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYI and EIC have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIC has higher volatility (4.34%) compared to SPYI (3.62%). In terms of maximum drawdown, SPYI dropped -16.47% vs EIC's -67.08%.
SPYI currently has the higher Sharpe Ratio (1.98 vs -0.51), 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.
Find the right allocation for SPYI and EIC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer