Which is cheaper, JUDO or SPYI?

JUDO charges 0.55% a year and SPYI charges 0.68%, so JUDO is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JUDO vs SPYI: Dividend Yield & Total Return

JUDO and SPYI both write options for income.

askIQ about this page

Net assets: $7.0m on Jul 31, 2026 for Janus Henderson U.S. Equity Enhanced Income ETF, and $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF.

JUDO on its own →SPYI on its own →

At a glance

3.8%

JUDO cash paid, since launch, Mar 25, 2026

12.1%

SPYI cash paid, 1 year

+16.1%

JUDO total return, since launch, Mar 25, 2026

+14.0%

SPYI total return, 1 year

JUDO · since launch to Nov 4, 2026 Not measured

JUDO

+16.1%

none

Not measured

JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

JUDO

+16.1%

3.8% as cash

Total return, distributions reinvested

Not measured

JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

JUDO

+16.1%

3.8% of it arrived as cash. Total return, distributions reinvested. JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SPYI · 1 year to Nov 4, 2026 0.8 pts behind SPY

SPYI

+14.0%

SPY

+14.8%

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 +16.1%. 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 +16.1%. Data to Nov 4, 2026.

Pair scorecard

JUDO costs 0.13 points a year less.

Points (pts) are percentage points.

JUDO vs SPYI: Dividend Yield & Total Return
Measure	JUDO	SPYI
Paid and earned
Measure	JUDO	SPYI
Total return, 1 year	not published	+14.0%
Price change	rose 2.7% (6 months)	rose 1.1% (1 year)
Return of capital, issuer estimate		99% of the Oct 23, 2026 payment
Against its benchmark
Measure	JUDO	SPYI
Benchmark	its own stocks	S&P 500, measured through SPY
Against its benchmark, same days	ahead by 0.6 pts	behind by 0.8 pts
Cost and size
Measure	JUDO	SPYI
Expense ratio	0.55%	0.68%
Net assets, JUDO as of Jul 31, 2026 and SPYI as of Oct 28, 2026	$7.0m	$12.7bn
Holdings
Measure	JUDO	SPYI
Holdings in common	49%

Method

What they share

49%

By the books each fund has filed, JUDO and SPYI hold 49% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

49% in common

Positions both hold · largest shared weight first JUDO SPYI

NVIDIA Corp. 7.84% 7.67%

Microsoft Corp. 6.64% 5.90%

Apple, Inc. 4.38% 7.40%

Amazon.com, Inc. 5.17% 3.76%

Alphabet, Inc. 6.79% 2.49%

Broadcom, Inc. 3.56% 2.41%

Eli Lilly & Co. 2.07% 1.72%

Micron Technology, Inc. 1.99% 1.46%

JPMorgan Chase & Co. 2.31% 1.37%

Visa, Inc. 1.70% 1.06%

Johnson & Johnson 1.41% 0.98%

Meta Platforms, Inc. 0.79% 2.07%

Only in one fund ↓

Only in JUDO

General Electric Co. 1.69%

Marriott International, Inc. 0.82%

Only in SPYI

Alphabet Inc 2.02%

Tesla Inc 1.72%

Berkshire Hathaway Inc 1.55%

Advanced Micro Devices Inc 1.21%

ExxonMobil Holdings Corp 1.12%

Walmart Inc 0.83%

Costco Wholesale Corp 0.68%

Palantir Technologies Inc 0.61%

Check overlap with more funds →

Side by side

JUDO Janus Henderson U.S. Equity Enhanced Income ETF · Covered call on its own stocks, paying monthly SPYI NEOS S&P 500 High Income ETF · Option income on SPY, paying monthly

Issuer Janus Henderson NEOS

Strategy covered call option income

Benchmark JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 6.4% 11.5%

Expense ratio 0.55% 0.68%

Cash paid, 1 year 3.8% (since launch, Mar 25, 2026) 12.1%

Price change, 1 year +12.2% (since launch, Mar 25, 2026) +1.1%

Total return, 1 year +16.1% (since launch, Mar 25, 2026) +14.0%

Benchmark return, 1 year not published +14.8%

Ahead or behind not available −0.8 pts

Return of capital, latest estimate not published 99%

Age 224 days 4.2 years

Net assets, JUDO as of Jul 31, 2026 and SPYI as of Oct 28, 2026 $7.0m $12.7bn

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: JUDO vs SPYI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JUDO	SPYI	JUDO	SPYI	JUDO	SPYI
3 months	−1.2%	+1.1%	1.6%	2.9%	+0.5 pts	+1.3 pts
6 months	+5.8%	+5.8%	3.1%	6.0%	+0.6 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: JUDO Mar 2026 · SPYI Aug 2022	+16.1%	+78.5%	3.8%	51.3%	not measured	−25.2 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

JUDO

JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned +5.2% over the same days, so a holder was ahead by 0.6 pts.

Over the 6 months to Nov 4, 2026, JUDO paid 3.1% of its starting value in cash distributions while its price rose 2.7%. With every distribution reinvested, the fund returned +5.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 6.4%, paid monthly.

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). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, JUDO or SPYI?: JUDO charges 0.55% a year and SPYI charges 0.68%, so JUDO is cheaper. Fees come from each fund's prospectus.

Other comparisons

JUDO vs DIVO JUDO vs GPIX JUDO vs XYLD JUDO vs FTHI SPYI vs RNTY SPYI vs CVRD SPYI vs SCEP SPYI vs TCAL

Where to next

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

Sources and dates

JUDO filings on SEC EDGAR ↗

JUDO prospectus with the expense ratio (SEC) ↗

Janus Henderson website ↗

SPYI filings on SEC EDGAR ↗

SPYI prospectus with the expense ratio (SEC) ↗

SPYI 19a-1 distribution notice ↗

NEOS page for SPYI ↗

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, JUDO against SPYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/judo-vs-spyi

Open data →

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