Data as of .
GRNI vs SPYI: which paid, and which earned it?
GRNI and SPYI both write options for income.
What they hold in common
By the books each fund has filed, GRNI and SPYI hold 30% of their money in the same securities at the same weight.
| Holding | GRNI | SPYI |
|---|---|---|
| Amazon.com Inc | 2.99% | 3.82% |
| Alphabet Inc | 2.96% | 3.12% |
| Broadcom Inc | 2.90% | 2.59% |
| NVIDIA Corp | 2.46% | 8.28% |
| Apple Inc | 2.39% | 7.52% |
| Microsoft Corp | 2.37% | 5.62% |
| Meta Platforms Inc | 2.23% | 2.22% |
| Tesla Inc | 2.14% | 1.58% |
| JPMorgan Chase & Co | 2.35% | 1.43% |
| Advanced Micro Devices Inc | 4.11% | 1.41% |
| Palantir Technologies Inc | 2.36% | 0.62% |
| Costco Wholesale Corp | 2.37% | 0.61% |
| Only in GRNI | Only in SPYI |
|---|---|
| Strategy Inc 3.04% | Alphabet Inc 2.50% |
| Bank of New York Mellon Corp/T 2.61% | Micron Technology Inc 1.74% |
| Berkshire Hathaway Inc 1.43% | |
| Eli Lilly & Co 1.42% | |
| ExxonMobil Holdings Corp 1.03% | |
| Johnson & Johnson 0.99% | |
| Visa Inc 0.93% | |
| Intel Corp 0.82% |
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 Apr 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GRNI | SPYI | GRNI | SPYI | GRNI | SPYI | |
| 3 months | +2.1% | +3.1% | 2.5% | 3.0% | −0.2 pts | +0.9 pts |
| 6 months | +16.3% | +14.4% | 5.4% | 6.5% | −1.8 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 | +14.5% | +77.1% | 7.8% | 50.3% | −2.1 pts | −25.3 pts |
| GRNI Fundstrat Granny Shots US Large Cap & Income ETF Option income on SPY, paying monthly | SPYI NEOS S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Fundstrat | NEOS |
| Strategy | option income | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 10.0% | 12.1% |
| Expense ratio | 0.99% | 0.68% |
| Cash paid, 1 year | 7.8% (since launch on Nov 18, 2025) | 13.1% |
| Price change, 1 year | +6.2% | +1.2% |
| Total return, 1 year | +14.5% (since launch on Nov 18, 2025) | +15.3% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −2.1 pts | −1.2 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 304 days | 1480 days |
| Net assets | $49m | $12.2bn |
GRNI in plain words
Over the period since launch on Nov 18, 2025 to Sep 18, 2026, GRNI paid 7.8% of its starting value in cash distributions while its price rose 6.2%. With every distribution reinvested, the fund returned +14.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 10.0%, paid monthly.
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, GRNI or SPYI?
- GRNI charges 0.99% 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, GRNI against SPYI, data as of Sep 18, 2026. https://etfiq.com/compare/income/grni-vs-spyi Free to use with attribution; the underlying files are at Open data.