Data as of .
DDDD vs SPYI: which paid, and which earned it?
DDDD and SPYI both write options for income.
What they hold in common
By the books each fund has filed, DDDD and SPYI hold 8% of their money in the same securities at the same weight.
| Holding | DDDD | SPYI |
|---|---|---|
| Chevron Corp | 4.25% | 0.60% |
| Merck & Co Inc | 4.93% | 0.56% |
| Coca-Cola Co/The | 4.30% | 0.53% |
| UnitedHealth Group Inc | 3.84% | 0.53% |
| Procter & Gamble Co/The | 4.01% | 0.52% |
| Home Depot Inc/The | 3.68% | 0.46% |
| Texas Instruments Inc | 3.32% | 0.38% |
| Amgen Inc | 4.38% | 0.31% |
| Verizon Communications Inc | 3.96% | 0.30% |
| QUALCOMM Inc | 2.73% | 0.28% |
| Abbott Laboratories | 4.53% | 0.27% |
| PepsiCo Inc | 3.50% | 0.27% |
| Only in DDDD | Only in SPYI |
|---|---|
| First American Government Obligations Fund 12/01/2031 1.65% | NVIDIA Corp 8.28% |
| East West Bancorp Inc 0.44% | Apple Inc 7.52% |
| HF Sinclair Corp 0.44% | Microsoft Corp 5.62% |
| Fidelity National Financial Inc 0.27% | Amazon.com Inc 3.82% |
| Watsco Inc 0.27% | Alphabet Inc 3.12% |
| American Financial Group Inc/OH 0.24% | Broadcom Inc 2.59% |
| Booz Allen Hamilton Holding Corp 0.23% | Alphabet Inc 2.50% |
| Columbia Banking System Inc 0.22% | Meta Platforms Inc 2.22% |
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 dated Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| DDDD | SPYI | DDDD | SPYI | DDDD | SPYI | |
| 3 months | +4.9% | +3.1% | 1.6% | 3.0% | +2.6 pts | +0.9 pts |
| 6 months | +10.5% | +14.4% | 1.7% | 6.5% | −7.6 pts | −3.6 pts |
| 1 year | not published | +15.3% | not published | 13.1% | not published | −1.2 pts |
| 3 years | not published | +57.2% | not published | 38.6% | not published | −21.2 pts |
| Since launch | +8.7% | +77.1% | 1.6% | 50.3% | −6.5 pts | −25.3 pts |
| DDDD YieldMax(R) U.S. Stocks Target Double Distribution ETF Synthetic covered call on SPY | SPYI NEOS S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | YieldMax | NEOS |
| Strategy | synthetic covered call | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | not established | monthly |
| Payout rate, annualized | 18.4% | 12.1% |
| Expense ratio | 1.01% | 0.68% |
| Cash paid, 1 year | 1.6% (since launch on Mar 12, 2026) | 13.1% |
| Price change, 1 year | +7.0% | +1.2% |
| Total return, 1 year | +8.7% (since launch on Mar 12, 2026) | +15.3% |
| Benchmark return, 1 year | +15.3% | +16.6% |
| Ahead or behind | −6.5 pts | −1.2 pts |
| Return of capital, latest estimate | 67% | 93% |
| Age | 190 days | 1480 days |
| Net assets | $7m | $12.2bn |
DDDD in plain words
Over the period since launch on Mar 12, 2026 to Sep 18, 2026, DDDD paid 1.6% of its starting value in cash distributions while its price rose 7.0%. With every distribution reinvested, the fund returned +8.7%. S&P 500 (SPY) returned +15.3% over the same days, so a holder was behind by 6.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 18.4%, paid periodically. YieldMax estimates that 67% of the distribution paid Jul 6, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
SPYI in plain words
Over the year to Sep 18, 2026, SPYI paid 13.1% of its starting value in cash distributions while its price rose 1.2%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes 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 characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, DDDD or SPYI?
- DDDD charges 1.01% 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, DDDD against SPYI, data as of Sep 18, 2026. https://etfiq.com/compare/income/dddd-vs-spyi Free to use with attribution; the underlying files are at Open data.