Data as of Nov 4, 2026.
HEMI vs SPYI: Dividend Yield & Total Return
HEMI and SPYI both write options for income.
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Net assets: $35m on Jul 31, 2026 for Hartford Equity Premium Income ETF, and $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF.
Not measured
HEMI since launch: paid 7.6%, price +4.6%, total +12.6%, not measured against a benchmark. Data to Nov 4, 2026.
HEMI
+12.6%
7.6% of it arrived as cash
Total return, distributions reinvested
Not measured
HEMI since launch: paid 7.6%, price +4.6%, total +12.6%, not measured against a benchmark. Data to Nov 4, 2026.
HEMI
+12.6%
7.6% cash
7.6% of it arrived as cash. Total return, distributions reinvested. HEMI since launch: paid 7.6%, price +4.6%, total +12.6%, not measured against a benchmark. 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
HEMI costs 0.19 points a year less.
Points (pts) are percentage points.
| Measure | HEMI | SPYI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +14.0% |
| Price change | fell 0.4% (6 months) | rose 1.1% (1 year) |
| Return of capital, issuer estimate | 99% of the Oct 29, 2026 payment | 99% of the Oct 23, 2026 payment |
| Against its benchmark | ||
| Benchmark | its own stocks | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.49% | 0.68% |
| Net assets, HEMI as of Jul 31, 2026 and SPYI as of Oct 28, 2026 | $35m | $12.7bn |
| Holdings | ||
| Holdings in common | 49% | |
Risk and return
Dec 26, 2025 to Oct 30, 2026 · 44 weekly returnsFrom Dec 2025 to Oct 2026, SPYI returned more: +9.3% to +7.5%. SPYI fell slightly less at its worst: −6.9% to −7.3%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | HEMI | SPYI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +7.5% | +9.3% | SPYI | Price change plus distributions, reinvested. |
| Price return | −0.1% | −1.1% | HEMI | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −7.3% | −6.9% | SPYI (slight) | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 44 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HEMI and SPYI hold 49% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
49% 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 | HEMI | SPYI | HEMI | SPYI | HEMI | SPYI |
| 3 months | +0.3% | +1.1% | 2.2% | 2.9% | 0.0 pts | +1.3 pts |
| 6 months | +4.0% | +5.8% | 4.4% | 6.0% | −0.4 pts | +0.7 pts |
| 1 year | – | +14.0% | – | 12.1% | – | −0.8 pts |
| 3 years | – | +62.0% | – | 39.3% | – | −20.9 pts |
| Since launchNot the same days: HEMI Dec 2025 · SPYI Aug 2022 | +12.6% | +78.5% | 7.6% | 51.3% | not measured | −25.2 pts |
– means no data for this window. Open this comparison in the app →
No client brief for this pair: ETFIQ prints no one-year total return for HEMI.
HEMI's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned +4.4% over the same days, so a holder was about even.
Over the 6 months to Nov 4, 2026, HEMI paid 4.4% of its starting value in cash distributions while its price fell 0.4%. With every distribution reinvested, the fund returned +4.0%. At its price on Nov 4, 2026 the latest distribution annualizes to 8.6%, paid monthly. Hartford estimates that 99% of the distribution paid Oct 29, 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
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, HEMI against SPYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/hemi-vs-spyi
ETFIQ. (Nov 4, 2026). HEMI against SPYI. Retrieved from https://etfiq.com/compare/income/hemi-vs-spyi
[HEMI against SPYI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/hemi-vs-spyi)
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