SPYI vs. WKLY
Compare and contrast key facts about NEOS S&P 500 High Income ETF (SPYI) and SoFi Weekly Dividend ETF (WKLY).
SPYI and WKLY 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. WKLY is a passively managed fund by Toroso Investments that tracks the performance of the SoFi Sustainable Dividend Index. It was launched on May 11, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYI or WKLY.
Key characteristics
| SPYI | WKLY |
|---|
Correlation
The correlation between SPYI and WKLY is 0.73, 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. WKLY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPYI vs. WKLY - Expense Ratio Comparison
SPYI has a 0.68% expense ratio, which is higher than WKLY's 0.49% expense ratio.
Risk-Adjusted Performance
SPYI vs. WKLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS S&P 500 High Income ETF (SPYI) and SoFi Weekly Dividend ETF (WKLY). 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. WKLY - Dividend Comparison
SPYI's dividend yield for the trailing twelve months is around 11.74%, while WKLY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 11.74% | 12.01% | 4.10% | 0.00% |
WKLY SoFi Weekly Dividend ETF | 2.33% | 2.93% | 3.20% | 1.21% |
Drawdowns
SPYI vs. WKLY - Drawdown Comparison
Volatility
SPYI vs. WKLY - Volatility Comparison
NEOS S&P 500 High Income ETF (SPYI) has a higher volatility of 2.94% compared to SoFi Weekly Dividend ETF (WKLY) at 0.00%. This indicates that SPYI's price experiences larger fluctuations and is considered to be riskier than WKLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.