WPC vs. SPYI
WPC (W. P. Carey Inc.) is a stock, while SPYI (NEOS S&P 500 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past 3 years, WPC returned 11.03%/yr vs 14.78%/yr for SPYI. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
WPC vs. SPYI - Performance Comparison
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Returns By Period
In the year-to-date period, WPC achieves a 17.45% return, which is significantly higher than SPYI's 7.96% return.
WPC
- 1D
- -0.65%
- 1M
- 3.20%
- 6M
- 8.37%
- YTD
- 17.45%
- 1Y
- 19.59%
- 3Y*
- 11.03%
- 5Y*
- 4.87%
- 10Y*
- 6.94%
- ALL TIME*
- 11.69%
SPYI
- 1D
- 0.65%
- 1M
- 0.62%
- 6M
- 6.50%
- YTD
- 7.96%
- 1Y
- 18.69%
- 3Y*
- 14.78%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $155.71M | $137.58M | $149.04M | |
| $106.67M | $107.35M | $111.83M |
WPC vs. SPYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WPC W. P. Carey Inc. | 17.45% | 24.99% | -10.59% | -7.93% | -6.54% |
SPYI NEOS S&P 500 High Income ETF | 7.96% | 16.67% | 19.03% | 18.09% | -3.96% |
Correlation
The correlation between WPC and SPYI is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | 0.23 |
The correlation between WPC and SPYI shifts across timeframes, from -0.08 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WPC vs. SPYI — Risk / Return Rank
WPC
SPYI
WPC vs. SPYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for W. P. Carey Inc. (WPC) and NEOS S&P 500 High Income ETF (SPYI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WPC | SPYI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.23 | -0.04 |
| Martin ratioReturn relative to average drawdown | 6.03 | 10.69 | -4.66 |
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Drawdowns
WPC vs. SPYI - Drawdown Comparison
The maximum WPC drawdown since its inception was -52.45%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for WPC and SPYI.
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Drawdown Indicators
| WPC | SPYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.45% | -16.47% | -35.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -7.72% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -20.83% | -16.47% | -4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -36.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.45% | — | — |
Current DrawdownCurrent decline from peak | -4.03% | -0.65% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -10.23% | -1.79% | -8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 1.61% | +1.90% |
Volatility
WPC vs. SPYI - Volatility Comparison
W. P. Carey Inc. (WPC) has a higher volatility of 5.86% compared to NEOS S&P 500 High Income ETF (SPYI) at 3.22%. This indicates that WPC's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPC | SPYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 3.22% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 8.68% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 10.80% | +6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.85% | 12.96% | +7.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.90% | 12.96% | +12.94% |
Dividends
WPC vs. SPYI - Dividend Comparison
WPC's dividend yield for the trailing twelve months is around 5.03%, less than SPYI's 11.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 11.93% | 11.70% | 12.04% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WPC W. P. Carey Inc. | 5.03% | 5.62% | 6.41% | 7.93% | 5.43% | 5.12% | 5.91% | 5.17% | 6.26% | 7.26% | 6.65% | 6.48% |
Frequently Asked Questions
WPC and SPYI have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WPC has higher volatility (5.86%) compared to SPYI (3.22%). In terms of maximum drawdown, WPC dropped -52.45% vs SPYI's -16.47%.
SPYI currently has the higher Sharpe Ratio (1.59 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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