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SPYI vs. SPYD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPYI and SPYD 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.


-0.50.00.51.0
Correlation: 0.7

Performance

SPYI vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS S&P 500 High Income ETF (SPYI) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
30.87%
16.89%
SPYI
SPYD

Key characteristics

Sharpe Ratio

SPYI:

0.57

SPYD:

0.72

Sortino Ratio

SPYI:

0.91

SPYD:

1.05

Omega Ratio

SPYI:

1.15

SPYD:

1.15

Calmar Ratio

SPYI:

0.59

SPYD:

0.69

Martin Ratio

SPYI:

2.67

SPYD:

2.41

Ulcer Index

SPYI:

3.65%

SPYD:

4.60%

Daily Std Dev

SPYI:

17.04%

SPYD:

15.51%

Max Drawdown

SPYI:

-16.47%

SPYD:

-46.42%

Current Drawdown

SPYI:

-8.44%

SPYD:

-9.58%

Returns By Period

In the year-to-date period, SPYI achieves a -4.57% return, which is significantly lower than SPYD's -2.31% return.


SPYI

YTD

-4.57%

1M

-4.44%

6M

-3.46%

1Y

8.36%

5Y*

N/A

10Y*

N/A

SPYD

YTD

-2.31%

1M

-4.01%

6M

-6.42%

1Y

9.71%

5Y*

15.16%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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SPYI vs. SPYD - Expense Ratio Comparison

SPYI has a 0.68% expense ratio, which is higher than SPYD's 0.07% expense ratio.


Expense ratio chart for SPYI: current value is 0.68%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPYI: 0.68%
Expense ratio chart for SPYD: current value is 0.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPYD: 0.07%

Risk-Adjusted Performance

SPYI vs. SPYD — Risk-Adjusted Performance Rank

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

SPYI
The Risk-Adjusted Performance Rank of SPYI is 6868
Overall Rank
The Sharpe Ratio Rank of SPYI is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of SPYI is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPYI is 7070
Omega Ratio Rank
The Calmar Ratio Rank of SPYI is 7070
Calmar Ratio Rank
The Martin Ratio Rank of SPYI is 7171
Martin Ratio Rank

SPYD
The Risk-Adjusted Performance Rank of SPYD is 7171
Overall Rank
The Sharpe Ratio Rank of SPYD is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of SPYD is 7070
Sortino Ratio Rank
The Omega Ratio Rank of SPYD is 7070
Omega Ratio Rank
The Calmar Ratio Rank of SPYD is 7575
Calmar Ratio Rank
The Martin Ratio Rank of SPYD is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPYI vs. SPYD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS S&P 500 High Income ETF (SPYI) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.


The chart of Sharpe ratio for SPYI, currently valued at 0.57, compared to the broader market-1.000.001.002.003.004.00
SPYI: 0.57
SPYD: 0.72
The chart of Sortino ratio for SPYI, currently valued at 0.91, compared to the broader market-2.000.002.004.006.008.00
SPYI: 0.91
SPYD: 1.05
The chart of Omega ratio for SPYI, currently valued at 1.15, compared to the broader market0.501.001.502.002.50
SPYI: 1.15
SPYD: 1.15
The chart of Calmar ratio for SPYI, currently valued at 0.59, compared to the broader market0.002.004.006.008.0010.0012.00
SPYI: 0.59
SPYD: 0.69
The chart of Martin ratio for SPYI, currently valued at 2.67, compared to the broader market0.0020.0040.0060.00
SPYI: 2.67
SPYD: 2.41

The current SPYI Sharpe Ratio is 0.57, which is comparable to the SPYD Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of SPYI and SPYD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.57
0.72
SPYI
SPYD

Dividends

SPYI vs. SPYD - Dividend Comparison

SPYI's dividend yield for the trailing twelve months is around 13.19%, more than SPYD's 4.57% yield.


TTM2024202320222021202020192018201720162015
SPYI
NEOS S&P 500 High Income ETF
13.19%12.04%12.01%4.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPYD
SPDR Portfolio S&P 500 High Dividend ETF
4.57%4.31%4.66%5.01%3.69%4.96%4.42%4.75%4.64%4.34%1.13%

Drawdowns

SPYI vs. SPYD - Drawdown Comparison

The maximum SPYI drawdown since its inception was -16.47%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SPYI and SPYD. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-8.44%
-9.58%
SPYI
SPYD

Volatility

SPYI vs. SPYD - Volatility Comparison

NEOS S&P 500 High Income ETF (SPYI) has a higher volatility of 13.32% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 10.55%. This indicates that SPYI's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.32%
10.55%
SPYI
SPYD