Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
SPYI vs VOO
NEOS S&P 500(R) High Income ETF and Vanguard 500 Index Fund.
What they hold in common
By the books each fund has filed, SPYI and VOO hold 97% of their money in the same securities at the same weight.
| Holding | SPYI | VOO |
|---|---|---|
| NVIDIA Corp | 7.57% | 7.53% |
| Apple Inc | 6.59% | 6.61% |
| Microsoft Corp | 4.32% | 4.31% |
| Amazon.com Inc | 3.65% | 3.63% |
| Alphabet Inc | 3.28% | 3.26% |
| Broadcom Inc | 2.80% | 2.78% |
| Alphabet Inc | 2.61% | 2.60% |
| Micron Technology Inc | 1.99% | 2.02% |
| Meta Platforms Inc | 1.92% | 1.92% |
| Tesla Inc | 1.85% | 1.84% |
| Eli Lilly & Co | 1.47% | 1.48% |
| Advanced Micro Devices Inc | 1.47% | 1.47% |
| Only in SPYI | Only in VOO |
|---|---|
| Linde PLC 0.37% | Linde PLC 0.37% |
| Seagate Technology Holdings PL 0.32% | Seagate Technology Holdings PLC 0.34% |
| Eaton Corp PLC 0.26% | Eaton Corp PLC 0.26% |
| Chubb Ltd 0.19% | Chubb Ltd 0.19% |
| Trane Technologies PLC 0.17% | Trane Technologies PLC 0.17% |
| Medtronic PLC 0.16% | Medtronic PLC 0.16% |
| Johnson Controls International 0.14% | Johnson Controls International plc 0.14% |
| Royal Caribbean Cruises Ltd 0.12% | Royal Caribbean Cruises Ltd 0.12% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Jun 30, 2026.
| SPYI NEOS S&P 500(R) High Income ETF | VOO Vanguard 500 Index Fund | |
|---|---|---|
| Where it sits | Income desk | Core fund |
| Issuer | NEOS | Vanguard |
| What it is | covered call, vs SPY | S&P 500 |
| Total return, 1 year | +17.5% | +20.1% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | −2.5 pts | +0.1 pts |
| Cash paid, 1 year | 12.2% | not an income fund |
| Expense ratio | 0.68% | 0.03% |
| Holdings | n/a | 506 |
SPYI in plain words
Over the year to Sep 4, 2026, SPYI paid 12.2% of its starting value in cash distributions while its price rose 4.2%. With every distribution reinvested, the fund returned +17.5%. S&P 500 (SPY) returned +20.0% over the same days, so a holder was behind by 2.5 pts. At its price on Sep 4, 2026 the latest distribution annualises to 12.1%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
VOO in plain words
VOO is a index equity fund tracking S&P 500. Over the year to Sep 4, 2026 it returned +20.1% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 506 positions, with the top ten at 36.5%.
Questions people ask
- Which returned more over the last year, SPYI or VOO?
- In the year to Sep 4, 2026, with distributions reinvested, SPYI returned +17.5% and VOO returned +20.1%, so VOO returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPYI or VOO?
- SPYI charges 0.68% a year and VOO charges 0.03%, so VOO is cheaper. Fees come from each fund's prospectus.
- Are SPYI and VOO the same kind of fund?
- No. SPYI is an option-income ETF and VOO is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SPYI against VOO, data as of Sep 4, 2026. https://etfiq.com/compare/any/SPYI-VOO.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources