Data as of Nov 4, 2026.
APRH vs NLSI: Dividend Yield & Total Return
APRH and NLSI both write options for income.
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Net assets: $25m on Nov 3, 2026 for Innovator Premium Income 20 Barrier ETF -- April, and $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF.
8 pts behind SPY
APRH over 1 year: paid 6.4%, price +0.2%, total +6.8%, SPY +14.8%, −8.0 pts. Data to Nov 4, 2026.
SPY
+14.8%
APRH
+6.8%
6.4% of it arrived as cash
8 pts behind SPY
Total return, distributions reinvested
8 pts behind SPY
APRH over 1 year: paid 6.4%, price +0.2%, total +6.8%, SPY +14.8%, −8.0 pts. Data to Nov 4, 2026.
SPY
+14.8%
APRH
+6.8%
8 pts behind SPY
6.4% of it arrived as cash. Total return, distributions reinvested. APRH over 1 year: paid 6.4%, price +0.2%, total +6.8%, SPY +14.8%, −8.0 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.5 pts ahead of SPY
NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
SPY
+12.7%
NLSI
+17.7%
5.0% as cash
5 pts ahead of SPY
Total return, distributions reinvested
5 pts ahead of SPY
NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
SPY
+12.7%
NLSI
+17.7%
5 pts ahead of SPY
5.0% of it arrived as cash. Both charts share one scale, 0 to +17.7%. NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +17.7%. Data to Nov 4, 2026.Pair scorecard
APRH costs 2.10 points a year less; APRH is 4.7 times larger.
Points (pts) are percentage points.
| Measure | APRH | NLSI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +6.8% | not published |
| Price change | rose 0.2% (1 year) | rose 12.0% (since Dec 10, 2025) |
| Return of capital, issuer estimate | 65% of the Oct 2, 2026 payment | 100% of the Oct 30, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Against its benchmark, same days | behind by 8.0 pts | ahead by 5.0 pts |
| Cost and size | ||
| Expense ratio | 0.79% | 2.89% |
| Net assets, as of Oct 28, 2026 | $25m | $5.3m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, APRH and NLSI hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | APRH | NLSI | APRH | NLSI | APRH | NLSI |
| 3 months | +1.1% | +6.7% | 2.1% | 1.4% | +1.2 pts | +6.9 pts |
| 6 months | +2.9% | +21.4% | 4.1% | 3.0% | −2.1 pts | +16.4 pts |
| 1 year | +6.8% | – | 6.4% | – | −8.0 pts | – |
| 3 years | +22.4% | – | 20.1% | – | −60.5 pts | – |
| Since launchNot the same days: APRH Apr 2023 · NLSI Dec 2025 | +29.2% | +17.7% | 24.3% | 5.0% | −65.7 pts | +4.9 pts |
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APRH
Over the year to Nov 4, 2026, APRH paid 6.4% of its starting value in cash distributions while its price rose 0.2%. With every distribution reinvested, the fund returned +6.8%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 8.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.4%, paid quarterly. Innovator estimates that 65% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
NLSI
Over the period from its first trade on Dec 10, 2025 to Nov 4, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 12.0%. With every distribution reinvested, the fund returned +17.7%. S&P 500 (SPY) returned +12.7% over the same days, so a holder was ahead by 5.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.6%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, APRH against NLSI, data as of Nov 4, 2026. https://etfiq.com/compare/income/aprh-vs-nlsi
ETFIQ. (Nov 4, 2026). APRH against NLSI. Retrieved from https://etfiq.com/compare/income/aprh-vs-nlsi
[APRH against NLSI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/aprh-vs-nlsi)
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