Which is cheaper, FTHI or XSPI?

FTHI charges 0.75% a year and XSPI charges 0.98%, so FTHI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FTHI vs XSPI: Dividend Yield & Total Return

FTHI and XSPI both write options for income.

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Net assets: $2.5bn on Nov 3, 2026 for First Trust BuyWrite Income ETF, and $140m on Oct 28, 2026 for NEOS Boosted S&P 500 High Income ETF.

FTHI on its own →XSPI on its own →

At a glance

8.9%

FTHI cash paid, 1 year

13.9%

XSPI cash paid, since launch, Feb 3, 2026

+8.1%

FTHI total return, 1 year

+12.4%

XSPI total return, since launch, Feb 3, 2026

FTHI · 1 year to Nov 4, 2026 6.7 pts behind SPY

FTHI

+8.1%

SPY

+14.8%

6.7 pts behind SPY

FTHI over 1 year: paid 8.9%, price −1.2%, total +8.1%, SPY +14.8%, −6.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

FTHI

+8.1%

8.9% of it arrived as cash

6.7 pts behind SPY

Total return, distributions reinvested

6.7 pts behind SPY

FTHI over 1 year: paid 8.9%, price −1.2%, total +8.1%, SPY +14.8%, −6.7 pts. Data to Nov 4, 2026.

SPY

+14.8%

FTHI

+8.1%

8.9% cash

6.7 pts behind SPY

8.9% of it arrived as cash. Total return, distributions reinvested. FTHI over 1 year: paid 8.9%, price −1.2%, total +8.1%, SPY +14.8%, −6.7 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XSPI · since launch to Nov 4, 2026 About even with SPY

XSPI

+12.4%

SPY

+12.1%

About even with SPY

XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

XSPI

+12.4%

13.9% of it arrived as cash

about even with SPY

Total return, distributions reinvested

About even with SPY

XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

XSPI

+12.4%

13.9% as cash

about even with SPY

13.9% of it arrived as cash. Both charts share one scale, with zero at the line. XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

FTHI costs 0.23 points a year less; FTHI is 18.6 times larger.

Points (pts) are percentage points.

FTHI vs XSPI: Dividend Yield & Total Return
Measure	FTHI	XSPI
Paid and earned
Measure	FTHI	XSPI
Total return, 1 year	+8.1%	not published
Price change	fell 1.2% (1 year)	fell 2.3% (since Feb 3, 2026)
Return of capital, issuer estimate	92% of the Oct 30, 2026 payment	98% of the Oct 9, 2026 payment
Against its benchmark
Measure	FTHI	XSPI
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Cost and size
Measure	FTHI	XSPI
Expense ratio	0.75%	0.98%
Net assets, as of Oct 28, 2026	$2.6bn	$140m
Holdings
Measure	FTHI	XSPI
Holdings in common	50%

Method

What they share

50%

By the books each fund has filed, FTHI and XSPI hold 50% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

50% in common

Positions both hold · largest shared weight first FTHI XSPI

Apple Inc. 7.86% 7.92%

NVIDIA Corporation 6.59% 8.10%

Microsoft Corporation 3.18% 6.26%

Amazon.com, Inc. 2.57% 3.98%

Alphabet Inc. (Class A) 1.99% 2.66%

Broadcom Inc. 1.92% 2.52%

JPMorgan Chase & Co. 2.65% 1.45%

Alphabet Inc. (Class C) 1.44% 2.12%

Meta Platforms, Inc. (Class A) 1.25% 2.14%

ExxonMobil Holdings Corp. 1.22% 1.20%

Eli Lilly and Company 1.19% 1.79%

Tesla, Inc. 1.09% 1.78%

Only in one fund ↓

Only in FTHI

ASML Holding N.V. (New York Registry Shares) 2.06%

Coca-Cola European Partners Plc 1.15%

Jackson Financial Inc. (Class A) 0.80%

Novartis AG (ADR) 0.71%

Royalty Pharma Plc (Class A) 0.64%

HF Sinclair Corp. 0.62%

InterDigital, Inc. 0.58%

IDACORP, Inc. 0.57%

Only in XSPI

Berkshire Hathaway Inc 1.65%

SPX US 01/15/27 C7695 1.12%

Visa Inc 1.10%

Mastercard Inc 0.83%

UnitedHealth Group Inc 0.60%

Procter & Gamble Co 0.59%

Home Depot Inc 0.52%

Texas Instruments Inc 0.46%

Check overlap with more funds →

Side by side

FTHI First Trust BuyWrite Income ETF · Covered call on SPY, paying monthly XSPI NEOS Boosted S&P 500 High Income ETF · Option income on SPY, paying monthly

Issuer First Trust NEOS

Strategy covered call option income

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 9.0% 16.6%

Expense ratio 0.75% 0.98%

Cash paid, 1 year 8.9% 13.9% (since launch, Feb 3, 2026)

Price change, 1 year −1.2% −2.3% (since launch, Feb 3, 2026)

Total return, 1 year +8.1% +12.4% (since launch, Feb 3, 2026)

Benchmark return, 1 year +14.8% +12.1% (since launch, Feb 3, 2026)

Ahead or behind −6.7 pts +0.3 pts (since launch, Feb 3, 2026)

Return of capital, latest estimate 92% 98%

Age 12.8 years 274 days

Net assets, FTHI as of Nov 3, 2026 and XSPI as of Oct 28, 2026 $2.5bn $140m

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: FTHI vs XSPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FTHI	XSPI	FTHI	XSPI	FTHI	XSPI
3 months	−0.5%	+1.1%	2.2%	4.2%	−0.3 pts	+1.2 pts
6 months	+2.5%	+7.0%	4.4%	8.5%	−2.5 pts	+2.0 pts
1 year	+8.1%	–	8.9%	–	−6.7 pts	–
3 years	+48.1%	–	29.7%	–	−34.8 pts	–
Since launchNot the same days: FTHI Jan 2014 · XSPI Feb 2026	+155.0%	+12.4%	84.3%	13.9%	−262.6 pts	+0.3 pts

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Alert

About each fund

FTHI

Over the year to Nov 4, 2026, FTHI paid 8.9% of its starting value in cash distributions while its price fell 1.2%. With every distribution reinvested, the fund returned +8.1%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 6.7 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 9.0%, paid monthly. First Trust estimates that 92% 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.

XSPI

Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XSPI paid 13.9% of its starting value in cash distributions while its price fell 2.3%. With every distribution reinvested, the fund returned +12.4%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 16.6%, paid monthly. NEOS estimates that 98% of the distribution paid Oct 9, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, FTHI or XSPI?: FTHI charges 0.75% a year and XSPI charges 0.98%, so FTHI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FTHI vs XDTE FTHI vs ISPY FTHI vs OCTH FTHI vs OCTJ XSPI vs GPIX XSPI vs JEPI XSPI vs OCTJ XSPI vs JANJ

Where to next

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

Sources and dates

FTHI filings on SEC EDGAR ↗

FTHI prospectus with the expense ratio (SEC) ↗

FTHI 19a-1 distribution notice ↗

First Trust page for FTHI ↗

XSPI filings on SEC EDGAR ↗

XSPI prospectus with the expense ratio (SEC) ↗

XSPI 19a-1 distribution notice ↗

NEOS page for XSPI ↗

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, FTHI against XSPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/fthi-vs-xspi

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