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.
Open the live comparison on ETFIQ| SPYI NEOS S&P 500(R) High Income ETF | XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF | |
|---|---|---|
| Issuer | NEOS | Roundhill |
| Strategy | covered call | 0DTE covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | weekly |
| Payout rate, annualised | 12.1% | 20.0% |
| Expense ratio | 0.68% | 0.97% |
| Cash paid, 1 year | 12.2% | 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 estimate | 93% | not published |
| Age | 1466 days | 911 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
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.
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