Data as of .
HEMI vs SPYI: which paid, and which earned it?
HEMI and SPYI both write options for income.
What they hold in common
By the books each fund has filed, HEMI and SPYI hold 49% of their money in the same securities at the same weight.
| Holding | HEMI | SPYI |
|---|---|---|
| NVIDIA Corp | 9.11% | 8.28% |
| Apple Inc | 5.86% | 7.52% |
| Microsoft Corp | 5.72% | 5.62% |
| Amazon.com Inc | 5.73% | 3.82% |
| Alphabet Inc | 7.69% | 3.12% |
| Broadcom Inc | 4.02% | 2.59% |
| Meta Platforms Inc | 2.66% | 2.22% |
| JPMorgan Chase & Co | 2.42% | 1.43% |
| Eli Lilly & Co | 2.13% | 1.42% |
| Advanced Micro Devices Inc | 1.89% | 1.41% |
| Micron Technology Inc | 1.15% | 1.74% |
| Walmart Inc | 1.70% | 0.72% |
| Only in HEMI | Only in SPYI |
|---|---|
| ITT Inc 1.12% | Alphabet Inc 2.50% |
| Exxon Mobil Corp 0.87% | Berkshire Hathaway Inc 1.43% |
| BJ's Wholesale Club Holdings Inc 0.82% | ExxonMobil Holdings Corp 1.03% |
| Liberty Media Corp-Liberty Formula One 0.63% | Johnson & Johnson 0.99% |
| United Therapeutics Corp 0.63% | Visa Inc 0.93% |
| Dick's Sporting Goods Inc 0.59% | Intel Corp 0.82% |
| General Electric Co 0.57% | AbbVie Inc 0.71% |
| Wayfair Inc 0.42% | Costco Wholesale Corp 0.61% |
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 | |||
|---|---|---|---|---|---|---|
| HEMI | SPYI | HEMI | SPYI | HEMI | SPYI | |
| 3 months | +0.8% | +3.1% | 2.2% | 3.0% | −1.5 pts | +0.9 pts |
| 6 months | +13.6% | +14.4% | 4.9% | 6.5% | −4.5 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 | +11.2% | +77.1% | 6.0% | 50.3% | −3.4 pts | −25.3 pts |
| HEMI Hartford Equity Premium Income ETF Covered call on SPY, paying monthly | SPYI NEOS S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Hartford | NEOS |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 9.1% | 12.1% |
| Expense ratio | 0.49% | 0.68% |
| Cash paid, 1 year | 6.0% (since launch on Dec 17, 2025) | 13.1% |
| Price change, 1 year | +4.9% | +1.2% |
| Total return, 1 year | +11.2% (since launch on Dec 17, 2025) | +15.3% |
| Benchmark return, 1 year | +14.7% | +16.6% |
| Ahead or behind | −3.4 pts | −1.2 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 275 days | 1480 days |
| Net assets | $33m | $12.2bn |
HEMI in plain words
Over the period since launch on Dec 17, 2025 to Sep 18, 2026, HEMI paid 6.0% of its starting value in cash distributions while its price rose 4.9%. With every distribution reinvested, the fund returned +11.2%. S&P 500 (SPY) returned +14.7% over the same days, so a holder was behind by 3.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.1%, 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, HEMI or SPYI?
- HEMI charges 0.49% a year and SPYI charges 0.68%, so HEMI 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, HEMI against SPYI, data as of Sep 18, 2026. https://etfiq.com/compare/income/hemi-vs-spyi Free to use with attribution; the underlying files are at Open data.