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

SPYI vs XDTE

NEOS S&P 500(R) High Income ETF and Roundhill S&P 500 0DTE Covered Call Strategy ETF, side by side on the income desk.

What they hold in common

By the books each fund has filed, SPYI and XDTE hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in SPYIOnly in XDTE
NVIDIA Corp 7.57%Roundhill Weekly T-Bill ETF 100.00%
Apple Inc 6.59%
Microsoft Corp 4.32%
Amazon.com Inc 3.65%
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 Jun 30, 2026.

Performance, window by window

SPYI and XDTE over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
SPYIXDTESPYIXDTESPYIXDTE
3 months+5.2%+5.1%3.0%5.0%+0.5 pts+0.4 pts
6 months+11.8%+11.7%6.2%10.3%−3.3 pts−3.4 pts
1 year+17.5%+18.7%12.2%27.3%−2.5 pts−1.2 pts
3 years+56.8%n/a37.3%n/a−21.2 ptsn/a
Since launch+77.8%+46.6%49.2%59.0%−26.2 pts−7.5 pts
Open the live comparison on ETFIQ
SPYI and XDTE on the income desk fields, as of Sep 4, 2026. Source: ETFIQ.
SPYI
NEOS S&P 500(R) High Income ETF
XDTE
Roundhill S&P 500 0DTE Covered Call Strategy ETF
IssuerNEOSRoundhill
Strategycovered call0DTE covered call
BenchmarkS&P 500 (SPY)S&P 500 (SPY)
Paysmonthlyweekly
Payout rate, annualised12.1%20.0%
Expense ratio0.68%0.97%
Cash paid, 1 year12.2%27.3%
Price change, 1 year+4.2%−11.3%
Total return, 1 year+17.5%+18.7%
Benchmark return, 1 year+20.0%+20.0%
Ahead or behind−2.5 pts−1.2 pts
Return of capital, latest estimate93%not published
Age1466 days911 days

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).

XDTE in plain words

Over the year to Sep 4, 2026, XDTE paid 27.3% of its starting value in cash distributions while its price fell 11.3%. With every distribution reinvested, the fund returned +18.7%. S&P 500 (SPY) returned +20.0% over the same days, so a holder was behind by 1.2 pts. At its price on Sep 4, 2026 the latest distribution annualises to 20.0%, paid weekly.

Questions people ask

Which paid more, SPYI or XDTE?
Over the year to Sep 4, 2026, SPYI paid 12.2% of its starting price in cash and XDTE paid 27.3%, so XDTE paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, SPYI or XDTE?
With every distribution reinvested, SPYI returned +17.5% and XDTE returned +18.7% over the year to Sep 4, 2026, so XDTE returned more.
Which is cheaper, SPYI or XDTE?
SPYI charges 0.68% a year and XDTE charges 0.97%, 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.

SPYI against XDTE, ETFIQ, data as of Sep 4, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

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

How every figure is computed · Standards and sources