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.
Performance
SPYI vs. WKLY - Performance Comparison
Returns By Period
SPYI
19.18%
1.17%
10.41%
22.77%
N/A
N/A
WKLY
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| SPYI | WKLY |
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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.
Correlation
The correlation between SPYI and WKLY 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. 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 11.65%, while WKLY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 11.65% | 12.01% | 4.10% | 0.00% |
WKLY SoFi Weekly Dividend ETF | 1.32% | 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 2.73% 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.