SPYI vs. SPYD
Compare and contrast key facts about NEOS S&P 500 High Income ETF (SPYI) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
SPYI and SPYD 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYI or SPYD.
Performance
SPYI vs. SPYD - Performance Comparison
Returns By Period
In the year-to-date period, SPYI achieves a 20.05% return, which is significantly lower than SPYD's 22.20% return.
SPYI
20.05%
1.62%
11.38%
23.13%
N/A
N/A
SPYD
22.20%
1.64%
18.06%
35.66%
8.75%
N/A
Key characteristics
| SPYI | SPYD | |
|---|---|---|
| Sharpe Ratio | 2.55 | 2.77 |
| Sortino Ratio | 3.41 | 3.83 |
| Omega Ratio | 1.54 | 1.50 |
| Calmar Ratio | 3.53 | 2.30 |
| Martin Ratio | 17.72 | 18.40 |
| Ulcer Index | 1.32% | 1.97% |
| Daily Std Dev | 9.17% | 13.05% |
| Max Drawdown | -10.19% | -46.42% |
| Current Drawdown | -0.28% | 0.00% |
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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.
Correlation
The correlation between SPYI and SPYD is 0.64, 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.
Risk-Adjusted Performance
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.
Dividends
SPYI vs. SPYD - Dividend Comparison
SPYI's dividend yield for the trailing twelve months is around 11.76%, more than SPYD's 3.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 11.76% | 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 | 3.99% | 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 -10.19%, 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.
Volatility
SPYI vs. SPYD - Volatility Comparison
The current volatility for NEOS S&P 500 High Income ETF (SPYI) is 2.65%, while SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 3.38%. This indicates that SPYI experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.