Data as of . Every figure is the income desk's own, on published data.
CONY vs SPYI
What they hold in common
By the books each fund has filed, CONY and SPYI hold 0% of their money in the same securities at the same weight.
| Only in CONY | Only in SPYI |
|---|---|
| TREASURY BILL 37.96% | NVIDIA Corp 7.57% |
| TREASURY BILL 25.76% | Apple Inc 6.59% |
| TREASURY BILL 25.29% | Microsoft Corp 4.32% |
| TREASURY BILL 7.55% | Amazon.com Inc 3.65% |
| TREASURY BILL 3.44% | Alphabet Inc 3.28% |
| Broadcom Inc 2.80% | |
| Alphabet Inc 2.61% | |
| Micron Technology Inc 1.99% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| CONY | SPYI | CONY | SPYI | CONY | SPYI | |
| 3 months | +21.3% | +5.2% | 17.2% | 3.0% | +0.2 pts | +0.5 pts |
| 6 months | +0.2% | +11.8% | 30.5% | 6.2% | +6.6 pts | −3.3 pts |
| 1 year | −36.5% | +17.5% | 40.7% | 12.2% | +3.3 pts | −2.5 pts |
| 3 years | +43.5% | +56.8% | 171.0% | 37.3% | −94.8 pts | −21.2 pts |
| Since launch | +43.7% | +77.8% | 171.3% | 49.2% | −89.5 pts | −26.2 pts |
| CONY YieldMax(R) COIN Option Income Strategy ETF | SPYI NEOS S&P 500(R) High Income ETF | |
|---|---|---|
| Issuer | YieldMax | NEOS |
| Strategy | synthetic covered call | covered call |
| Benchmark | Coinbase (COIN) | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualised | 68.5% | 12.1% |
| Expense ratio | 1.04% | 0.68% |
| Cash paid, 1 year | 40.7% | 12.2% |
| Price change, 1 year | −70.2% | +4.2% |
| Total return, 1 year | −36.5% | +17.5% |
| Benchmark return, 1 year | −39.8% | +20.0% |
| Ahead or behind | +3.3 pts | −2.5 pts |
| Return of capital, latest estimate | 97% | 93% |
| Age | 1116 days | 1466 days |
CONY in plain words
Over the year to Sep 4, 2026, CONY paid 40.7% of its starting value in cash distributions while its price fell 70.2%. With every distribution reinvested, the fund returned −36.5%. Coinbase (COIN) returned −39.8% over the same days, so a holder was ahead by 3.3 pts. At its price on Sep 4, 2026 the latest distribution annualises to 68.5%, paid weekly. YieldMax estimates that 97% of the distribution paid Sep 4, 2026 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, CONY or SPYI?
- Over the year to Sep 4, 2026, CONY paid 40.7% of its starting price in cash and SPYI paid 12.2%, so CONY paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, CONY or SPYI?
- With every distribution reinvested, CONY returned −36.5% and SPYI returned +17.5% over the year to Sep 4, 2026, so SPYI returned more.
- Which is cheaper, CONY or SPYI?
- CONY charges 1.04% a year and SPYI charges 0.68%, so SPYI is cheaper. Fees come from each fund's prospectus.
Other comparisons
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, CONY against SPYI, data as of Sep 4, 2026. https://etfiq.com/compare/income/CONY-SPYI.html Free to use with attribution; the underlying files are at Open data.