Which paid more, AIPI or SPYI?

Over the year to Sep 4, 2026, AIPI paid 31.2% of its starting price in cash and SPYI paid 12.2%, so AIPI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, AIPI or SPYI?

With every distribution reinvested, AIPI returned +25.5% and SPYI returned +17.5% over the year to Sep 4, 2026, so AIPI returned more.

Which is cheaper, AIPI or SPYI?

AIPI charges 0.65% a year and SPYI charges 0.68%, so AIPI is cheaper. Fees come from each fund's prospectus.

Data as of Sep 4, 2026. Every figure is the income desk's own, on published data.

AIPI vs SPYI

Name: ETFIQ comparison of AIPI and SPYI
Creator: ETFIQ

REX AI EQUITY PREMIUM INCOME ETF and NEOS S&P 500(R) High Income ETF, side by side on the income desk.

Open the live comparison on ETFIQ

AIPI and SPYI on the income desk fields, as of Sep 4, 2026. Source: ETFIQ.
	AIPI REX AI EQUITY PREMIUM INCOME ETF	SPYI NEOS S&P 500(R) High Income ETF
Issuer	REX	NEOS
Strategy	covered call	covered call
Benchmark	AI and technology (AIQ), used as the AI proxy	S&P 500 (SPY)
Pays	weekly	monthly
Payout rate, annualised	35.0%	12.1%
Expense ratio	0.65%	0.68%
Cash paid, 1 year	31.2%	12.2%
Price change, 1 year	−10.2%	+4.2%
Total return, 1 year	+25.5%	+17.5%
Benchmark return, 1 year	+42.9%	+20.0%
Ahead or behind	−17.3 pts	−2.5 pts
Return of capital, latest estimate	100%	93%
Age	822 days	1466 days

AIPI in plain words

Over the year to Sep 4, 2026, AIPI paid 31.2% of its starting value in cash distributions while its price fell 10.2%. With every distribution reinvested, the fund returned +25.5%. AI and technology (AIQ), used as the AI proxy returned +42.9% over the same days, so a holder was behind by 17.3 pts. At its price on Sep 4, 2026 the latest distribution annualises to 35.0%, paid weekly. REX estimates that 100% of the distribution paid was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).

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).

Questions people ask

Which paid more, AIPI or SPYI?: Over the year to Sep 4, 2026, AIPI paid 31.2% of its starting price in cash and SPYI paid 12.2%, so AIPI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, AIPI or SPYI?: With every distribution reinvested, AIPI returned +25.5% and SPYI returned +17.5% over the year to Sep 4, 2026, so AIPI returned more.
Which is cheaper, AIPI or SPYI?: AIPI charges 0.65% a year and SPYI charges 0.68%, so AIPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

Cite this page. ETFIQ, AIPI against SPYI, data as of Sep 4, 2026. https://etfiq.com/compare/income/AIPI-SPYI.html Free to use with attribution; the underlying files are at Open data.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources