SPYI vs. VOO
Compare and contrast key facts about NEOS S&P 500 High Income ETF (SPYI) and Vanguard S&P 500 ETF (VOO).
SPYI and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYI or VOO.
Performance
SPYI vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, SPYI achieves a 18.58% return, which is significantly lower than VOO's 25.52% return.
SPYI
18.58%
0.39%
9.77%
21.85%
N/A
N/A
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
| SPYI | VOO | |
|---|---|---|
| Sharpe Ratio | 2.37 | 2.62 |
| Sortino Ratio | 3.18 | 3.50 |
| Omega Ratio | 1.50 | 1.49 |
| Calmar Ratio | 3.31 | 3.78 |
| Martin Ratio | 16.57 | 17.12 |
| Ulcer Index | 1.32% | 1.86% |
| Daily Std Dev | 9.24% | 12.19% |
| Max Drawdown | -10.19% | -33.99% |
| Current Drawdown | -1.51% | -1.36% |
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SPYI vs. VOO - Expense Ratio Comparison
SPYI has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between SPYI and VOO is 0.93, 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.
Risk-Adjusted Performance
SPYI vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS S&P 500 High Income ETF (SPYI) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
SPYI's dividend yield for the trailing twelve months is around 11.70%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 10.78% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SPYI vs. VOO - Drawdown Comparison
The maximum SPYI drawdown since its inception was -10.19%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SPYI and VOO. For additional features, visit the drawdowns tool.
Volatility
SPYI vs. VOO - Volatility Comparison
The current volatility for NEOS S&P 500 High Income ETF (SPYI) is 2.95%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.10%. This indicates that SPYI experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.