SPYI vs. ISPY
Compare and contrast key facts about NEOS S&P 500 High Income ETF (SPYI) and ProShares S&P 500 High Income ETF (ISPY).
SPYI and ISPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022. ISPY is a passively managed fund by ProShares that tracks the performance of the S&P 500 Daily Covered Call Index. It was launched on Dec 18, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYI or ISPY.
Correlation
The correlation between SPYI and ISPY is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPYI vs. ISPY - Performance Comparison
Key characteristics
SPYI:
2.14
ISPY:
2.06
SPYI:
2.82
ISPY:
2.68
SPYI:
1.44
ISPY:
1.37
SPYI:
3.22
ISPY:
3.08
SPYI:
14.78
ISPY:
12.75
SPYI:
1.44%
ISPY:
1.90%
SPYI:
9.93%
ISPY:
11.78%
SPYI:
-10.19%
ISPY:
-7.88%
SPYI:
-0.91%
ISPY:
-1.80%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SPYI at 1.69% and ISPY at 1.69%.
SPYI
1.69%
1.00%
7.91%
19.31%
N/A
N/A
ISPY
1.69%
0.60%
7.53%
22.89%
N/A
N/A
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SPYI vs. ISPY - Expense Ratio Comparison
SPYI has a 0.68% expense ratio, which is higher than ISPY's 0.55% expense ratio.
Risk-Adjusted Performance
SPYI vs. ISPY — Risk-Adjusted Performance Rank
SPYI
ISPY
SPYI vs. ISPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS S&P 500 High Income ETF (SPYI) and ProShares S&P 500 High Income ETF (ISPY). 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.
Dividends
SPYI vs. ISPY - Dividend Comparison
SPYI's dividend yield for the trailing twelve months is around 11.84%, more than ISPY's 9.67% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 11.84% | 12.04% | 12.01% | 4.10% |
ISPY ProShares S&P 500 High Income ETF | 9.67% | 9.84% | 0.00% | 0.00% |
Drawdowns
SPYI vs. ISPY - Drawdown Comparison
The maximum SPYI drawdown since its inception was -10.19%, which is greater than ISPY's maximum drawdown of -7.88%. Use the drawdown chart below to compare losses from any high point for SPYI and ISPY. For additional features, visit the drawdowns tool.
Volatility
SPYI vs. ISPY - Volatility Comparison
The current volatility for NEOS S&P 500 High Income ETF (SPYI) is 4.21%, while ProShares S&P 500 High Income ETF (ISPY) has a volatility of 4.80%. This indicates that SPYI experiences smaller price fluctuations and is considered to be less risky than ISPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.