Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SPYI vs VYM: how they differ
Over the year VYM returned more, +17.6% against +15.8%, and VYM charges 0.04% against 0.68%.
NEOS S&P 500(R) High Income ETF and Vanguard High Dividend Yield Index Fund.
What they hold in common
By the books each fund has filed, SPYI and VYM hold 33% of their money in the same securities at the same weight.
| Holding | SPYI | VYM |
|---|---|---|
| Broadcom Inc | 2.80% | 8.07% |
| JPMorgan Chase & Co | 1.37% | 3.36% |
| Johnson & Johnson | 0.95% | 2.31% |
| Exxon Mobil Corp | 0.89% | 2.73% |
| Caterpillar Inc | 0.77% | 1.73% |
| Cisco Systems Inc | 0.72% | 1.52% |
| AbbVie Inc | 0.69% | 1.57% |
| Bank of America Corp | 0.59% | 1.45% |
| UnitedHealth Group Inc | 0.58% | 1.41% |
| Home Depot Inc/The | 0.55% | 1.37% |
| Procter & Gamble Co/The | 0.53% | 1.45% |
| Merck & Co Inc | 0.50% | 1.14% |
| Only in SPYI | Only in VYM |
|---|---|
| NVIDIA Corp 7.57% | Linde PLC 0.98% |
| Apple Inc 6.59% | Eaton Corp PLC 0.71% |
| Microsoft Corp 4.32% | Honeywell International Inc 0.57% |
| Amazon.com Inc 3.65% | Chubb Ltd 0.50% |
| Alphabet Inc 3.28% | Accenture PLC 0.46% |
| Alphabet Inc 2.61% | Medtronic PLC 0.43% |
| Micron Technology Inc 1.99% | Johnson Controls International plc 0.37% |
| Meta Platforms Inc 1.92% | CRH PLC 0.33% |
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 dated Apr 30, 2026 and Jun 30, 2026.
| SPYI NEOS S&P 500(R) High Income ETF | VYM Vanguard High Dividend Yield Index Fund | |
|---|---|---|
| Where it sits | Income ETF | Core index fund |
| Issuer | NEOS | Vanguard |
| What it is | covered call, vs SPY | US high dividend |
| Total return, 1 year | +15.8% | +17.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −1.7 pts | +0.1 pts |
| Cash paid, 1 year | 12.1% | not an income fund |
| Expense ratio | 0.68% | 0.04% |
| Holdings | not filed | 608 |
SPYI in plain words
Over the year to Sep 11, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 2.6%. With every distribution reinvested, the fund returned +15.8%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 1.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 12.2%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
VYM in plain words
VYM is an index equity fund tracking the US high dividend. Over the year to Sep 11, 2026 it returned +17.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.04% a year. By its holdings filed for Apr 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 608 positions, with the top ten at 25.7%.
Questions people ask
- Which returned more over the last year, SPYI or VYM?
- In the year to Sep 13, 2026, with distributions reinvested, SPYI returned +15.8% and VYM returned +17.6%, so VYM returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPYI or VYM?
- SPYI charges 0.68% a year and VYM charges 0.04%, so VYM is cheaper. Fees come from each fund's prospectus.
- Are SPYI and VYM the same kind of fund?
- No. SPYI is an option-income ETF and VYM is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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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 VYM, data as of Sep 13, 2026. https://etfiq.com/compare/any/spyi-vs-vym Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources