Which paid more, DYLG or SPYI?

Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting price in cash and SPYI paid 12.1%, so SPYI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, DYLG or SPYI?

With every distribution reinvested, DYLG returned +14.8% and SPYI +14.0% over the year to Nov 4, 2026.

Which is cheaper, DYLG or SPYI?

DYLG charges 0.35% a year and SPYI charges 0.68%, so DYLG is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

DYLG vs SPYI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SPYI paid 12.1% of its price in cash against DYLG’s 9.2%, though DYLG returned more with it reinvested.

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Net assets: $4.8m on Oct 12, 2026 for Global X Dow 30 Covered Call & Growth ETF, and $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF.

DYLG on its own →SPYI on its own →

At a glance

9.2%

DYLG cash paid, 1 year

12.1%

SPYI cash paid, 1 year

+14.8%

DYLG total return, 1 year

+14.0%

SPYI total return, 1 year

DYLG · 1 year to Nov 4, 2026 Not measured

DYLG

+14.8%

none

Not measured

DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

DYLG

+14.8%

9.2% of it arrived as cash

Total return, distributions reinvested

Not measured

DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

DYLG

+14.8%

9.2% cash

9.2% of it arrived as cash. Total return, distributions reinvested. DYLG over 1 year: paid 9.2%, price +4.7%, total +14.8%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SPYI · 1 year to Nov 4, 2026 0.8 pts behind SPY

SPYI

+14.0%

SPY

+14.8%

0.8 pts behind SPY

SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPYI

+14.0%

12.1% of it arrived as cash

0.8 pts behind SPY

Total return, distributions reinvested

0.8 pts behind SPY

SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPYI

+14.0%

12.1% as cash

0.8 pts behind SPY

12.1% of it arrived as cash. Both charts share one scale, 0 to +14.8%. SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

DYLG costs 0.33 points a year less; their one-year returns differ by 0.8 points; SPYI is far larger, $12.6bn against $4.8m.

Points (pts) are percentage points.

DYLG vs SPYI: Dividend Yield & Total Return
Measure	DYLG	SPYI
Paid and earned
Measure	DYLG	SPYI
Total return, 1 year	+14.8%	+14.0%
Price change, 1 year	rose 4.7%	rose 1.1%
Return of capital, issuer estimate	32% of the Sep 24, 2026 payment	99% of the Oct 23, 2026 payment
Against its benchmark
Measure	DYLG	SPYI
Benchmark	not published	S&P 500, measured through SPY
Cost and size
Measure	DYLG	SPYI
Expense ratio	0.35%	0.68%
Net assets, as of Oct 12, 2026	$4.8m	$12.6bn
Holdings
Measure	DYLG	SPYI
Holdings in common	28%

Method

What they share

28%

By the books each fund has filed, DYLG and SPYI hold 28% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

28% in common

Positions both hold · largest shared weight first DYLG SPYI

MICROSOFT CORPORATION 5.29% 5.90%

APPLE INC. 3.52% 7.40%

AMAZON.COM, INC. 3.09% 3.76%

ALPHABET INC. 4.05% 2.49%

NVIDIA CORPORATION 2.29% 7.67%

JPMORGAN CHASE & CO. 4.01% 1.37%

VISA INC. 4.17% 1.06%

JOHNSON & JOHNSON 2.92% 0.98%

WALMART INC. 1.27% 0.83%

CHEVRON CORPORATION 2.24% 0.64%

CISCO SYSTEMS, INC. 1.32% 0.63%

THE PROCTER & GAMBLE COMPANY 1.65% 0.57%

Only in one fund ↓

Only in DYLG

Only in SPYI

Broadcom Inc 2.41%

Meta Platforms Inc 2.07%

Alphabet Inc 2.02%

Eli Lilly & Co 1.72%

Tesla Inc 1.72%

Berkshire Hathaway Inc 1.55%

Micron Technology Inc 1.46%

Advanced Micro Devices Inc 1.21%

Check overlap with more funds →

Side by side

DYLG Global X Dow 30 Covered Call & Growth ETF · Covered call, paying monthly SPYI NEOS S&P 500 High Income ETF · Option income on SPY, paying monthly

Issuer Global X NEOS

Strategy covered call option income

Benchmark none S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 4.0% 11.5%

Expense ratio 0.35% 0.68%

Cash paid, 1 year 9.2% 12.1%

Price change, 1 year +4.7% +1.1%

Total return, 1 year +14.8% +14.0%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −0.8 pts

Return of capital, latest estimate 32% 99%

Age 3.3 years 4.2 years

Net assets, DYLG as of Oct 12, 2026 and SPYI as of Oct 28, 2026 $4.8m $12.7bn

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

Window by window: DYLG vs SPYI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	DYLG	SPYI	DYLG	SPYI	DYLG	SPYI
3 months	−0.1%	+1.1%	0.8%	2.9%	not measured	+1.3 pts
6 months	+8.2%	+5.8%	1.8%	6.0%	not measured	+0.7 pts
1 year	+14.8%	+14.0%	9.2%	12.1%	not measured	−0.8 pts
3 years	+53.4%	+62.0%	31.6%	39.3%	not measured	−20.9 pts
Since launchNot the same days: DYLG Jul 2023 · SPYI Aug 2022	+49.0%	+78.5%	31.3%	51.3%	not measured	−25.2 pts

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Alert

About each fund

DYLG

Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting value in cash distributions while its price rose 4.7%. With every distribution reinvested, the fund returned +14.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 4.0%, paid monthly. Global X estimates that 32% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

SPYI

Over the year to Nov 4, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 1.1%. With every distribution reinvested, the fund returned +14.0%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.5%, paid monthly. NEOS estimates that 99% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, DYLG or SPYI?: Over the year to Nov 4, 2026, DYLG paid 9.2% of its starting price in cash and SPYI paid 12.1%, so SPYI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, DYLG or SPYI?: With every distribution reinvested, DYLG returned +14.8% and SPYI +14.0% over the year to Nov 4, 2026.
Which is cheaper, DYLG or SPYI?: DYLG charges 0.35% a year and SPYI charges 0.68%, so DYLG is cheaper. Fees come from each fund's prospectus.

Other comparisons

DYLG vs DIVO DYLG vs GPIX DYLG vs JEPI DYLG vs XYLD SPYI vs ODTE SPYI vs TPAY SPYI vs XIDE SPYI vs SIOO

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →DYLG on its own →SPYI on its own →DYLG dividend history →DYLG holdings →SPYI dividend history →SPYI holdings →Method →Standards and sources →

Sources and dates

DYLG filings on SEC EDGAR ↗

DYLG prospectus with the expense ratio (SEC) ↗

DYLG 19a-1 distribution notice ↗

Global X page for DYLG ↗

SPYI filings on SEC EDGAR ↗

SPYI prospectus with the expense ratio (SEC) ↗

SPYI 19a-1 distribution notice ↗

NEOS page for SPYI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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, DYLG against SPYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/dylg-vs-spyi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.