Data as of Nov 4, 2026.
FGSI vs SPYI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, SPYI paid 12.1% of its price in cash against FGSI’s 8.3%, and returned more with it reinvested.
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Net assets: $2.0m on Nov 3, 2026 for FT Vest Growth Strength & Target Income ETF, and $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF.
About even with FTGS
FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.
FTGS
+8.8%
FGSI
+9.0%
8.3% of it arrived as cash
about even with FTGS
Total return, distributions reinvested
About even with FTGS
FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.
FTGS
+8.8%
FGSI
+9.0%
8.3% cash
about even with FTGS
8.3% of it arrived as cash. Total return, distributions reinvested. FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.0.8 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
SPYI costs 0.17 points a year less; their one-year returns differ by 5.0 points; SPYI is far larger, $12.7bn against $2.0m.
Points (pts) are percentage points.
| Measure | FGSI | SPYI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +9.0% | +14.0% |
| Price change, 1 year | rose 0.2% | rose 1.1% |
| Return of capital, issuer estimate | 53% of the Oct 30, 2026 payment | 99% of the Oct 23, 2026 payment |
| Against its benchmark | ||
| Benchmark | First Trust Growth Strength ETF, measured through FTGS | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.68% |
| Net assets, as of Oct 28, 2026 | $2.0m | $12.7bn |
| Holdings | ||
| Holdings in common | 14% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Risk and return
Jul 3, 2025 to Oct 30, 2026 · 69 weekly returnsEach against its own benchmark: FGSI against FTGS, Jul 3, 2025 to Oct 30, 2026; SPYI against SPY, Sep 9, 2022 to Oct 30, 2026.
From Jul 2025 to Oct 2026, SPYI returned more: +21.2% to +8.4%. SPYI swung less: 9.2% to 11.4%. SPYI fell less at its worst: −6.9% to −8.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FGSI | SPYI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +8.4% | +21.2% | SPYI | Price change plus distributions, reinvested. |
| Annualized | +6.3% | +15.6% | SPYI | Total return as a yearly rate. |
| Price return | −3.0% | +3.3% | SPYI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 11.4% | 9.2% | SPYI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 7.4% | 5.6% | SPYI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −8.1% | −6.9% | SPYI | Deepest fall from a high to the low after it. |
| Upside capture | 86.8% | 68.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 91.8% | 80.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.91 | 0.78 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.96 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.25 | 1.20 | SPYI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.39 | 1.99 | SPYI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.031 | 0.121 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.78 | 2.27 | SPYI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | FTGS | SPY | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | −0.6% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.12 | −0.52 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.9% to +2.1% | −2.8% to +1.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.10 | −0.86 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.6% | 4.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 69 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FGSI and SPYI hold 14% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
14% 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 | FGSI | SPYI | FGSI | SPYI | FGSI | SPYI |
| 3 months | −2.2% | +1.1% | 2.0% | 2.9% | +0.6 pts | +1.3 pts |
| 6 months | +6.3% | +5.8% | 4.3% | 6.0% | +0.2 pts | +0.7 pts |
| 1 year | +9.0% | +14.0% | 8.3% | 12.1% | +0.2 pts | −0.8 pts |
| 3 years | – | +62.0% | – | 39.3% | – | −20.9 pts |
| Since launchNot the same days: FGSI Jun 2025 · SPYI Aug 2022 | +13.6% | +78.5% | 11.3% | 51.3% | −0.7 pts | −25.2 pts |
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FGSI
Over the year to Nov 4, 2026, FGSI paid 8.3% of its starting value in cash distributions while its price rose 0.2%. With every distribution reinvested, the fund returned +9.0%. First Trust Growth Strength ETF (FTGS) returned +8.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.3%, paid monthly. First Trust estimates that 53% of the distribution paid Oct 30, 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
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, FGSI against SPYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/fgsi-vs-spyi
ETFIQ. (Nov 4, 2026). FGSI against SPYI. Retrieved from https://etfiq.com/compare/income/fgsi-vs-spyi
[FGSI against SPYI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/fgsi-vs-spyi)
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