Data as of Nov 4, 2026.

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Income ETFs

KIQQ vs SPYI: Dividend Yield & Total Return

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KIQQ and SPYI both write options for income.

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Net assets: $2.4m on Nov 4, 2026 for KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF, and $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF.

At a glance
6.9%
KIQQ cash paid, since launch, Jan 7, 2026
12.1%
SPYI cash paid, 1 year
+0.9%
KIQQ total return, since launch, Jan 7, 2026
+14.0%
SPYI total return, 1 year
KIQQ · since launch to Nov 4, 2026 10.4 pts behind QQQ
KIQQ
+0.9%
QQQ
+11.3%

10.4 pts behind QQQ

KIQQ since launch: paid 6.9%, price −6.0%, total +0.9%, QQQ +11.3%, −10.4 pts. Data to Nov 4, 2026.

QQQ

+11.3%

KIQQ

+0.9%

10.4 pts behind QQQ

Total return, distributions reinvested

10.4 pts behind QQQ

KIQQ since launch: paid 6.9%, price −6.0%, total +0.9%, QQQ +11.3%, −10.4 pts. Data to Nov 4, 2026.

QQQ

+11.3%

KIQQ

+0.9%

10.4 pts behind QQQ

6.9% of it arrived as cash. Total return, distributions reinvested. KIQQ since launch: paid 6.9%, price −6.0%, total +0.9%, QQQ +11.3%, −10.4 pts. 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, with zero at the line. SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

SPYI costs 0.11 points a year less; SPYI is far larger, $12.7bn against $2.5m.

Points (pts) are percentage points.

KIQQ vs SPYI: Dividend Yield & Total Return
MeasureKIQQSPYI
Paid and earned
Total return, 1 yearnot published+14.0%
Price changefell 6.0% (since Jan 7, 2026)rose 1.1% (1 year)
Return of capital, issuer estimate99% of the Sep 30, 2026 payment99% of the Oct 23, 2026 payment
Against its benchmark
BenchmarkNasdaq-100, measured through QQQS&P 500, measured through SPY
Cost and size
Expense ratio0.79%0.68%
Net assets, as of Oct 28, 2026$2.5m$12.7bn
Holdings
Holdings in common52%

Method

What they share

52%

By the books each fund has filed, KIQQ and SPYI hold 52% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

52% in common

Positions both hold · largest shared weight first KIQQ SPYI
NVIDIA CORP 8.54% 7.67%
APPLE INC 9.00% 7.40%
MICROSOFT CORP 7.18% 5.90%
AMAZON.COM INC 4.97% 3.76%
ALPHABET INC-CL A 2.99% 2.49%
BROADCOM INC 2.72% 2.41%
META PLATFORMS INC 3.37% 2.07%
ALPHABET INC-CL C 2.81% 2.02%
TESLA INC 3.55% 1.72%
MICRON TECHNOLOGY INC 4.32% 1.46%
ADVANCED MICRO DEVICES 3.92% 1.21%
WALMART INC 3.01% 0.83%
Only in one fund ↓
Only in KIQQ
+NDXDBHIO/-FED FUNDS 97.94%
SPACE EXPLORATION TECHN-CL A 2.87%
SHOPIFY INC - CLASS A 0.90%
ASML HOLDING NV-NY REG SHS 0.70%
ARM HOLDINGS PLC-ADR 0.44%
MERCADOLIBRE INC 0.44%
PDD HOLDINGS INC 0.26%
STRATEGY INC- CL A 0.25%
Only in SPYI
Eli Lilly & Co 1.72%
Berkshire Hathaway Inc 1.55%
JPMORGAN CHASE & CO. 1.37%
ExxonMobil Holdings Corp 1.12%
Visa Inc 1.06%
Johnson & Johnson 0.98%
Mastercard Inc 0.79%
AbbVie Inc 0.77%
Check overlap with more funds →

Side by side

KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF · Buffer with income on QQQ, paying monthly SPYI NEOS S&P 500 High Income ETF · Option income on SPY, paying monthly
Strategy buffer with income option income
Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)
Pays monthly monthly
Payout rate, annualized 7.5% 11.5%
Expense ratio 0.79% 0.68%
Cash paid, 1 year 6.9% (since launch, Jan 7, 2026) 12.1%
Price change, 1 year −6.0% (since launch, Jan 7, 2026) +1.1%
Total return, 1 year +0.9% (since launch, Jan 7, 2026) +14.0%
Benchmark return, 1 year +11.3% (since launch, Jan 7, 2026) +14.8%
Ahead or behind −10.4 pts (since launch, Jan 7, 2026) −0.8 pts
Return of capital, latest estimate 99% 99%
Age 301 days 4.2 years
Net assets, KIQQ as of Nov 4, 2026 and SPYI as of Oct 28, 2026 $2.4m $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: KIQQ vs SPYI: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowKIQQSPYIKIQQSPYIKIQQSPYI
3 months−3.7%+1.1%1.7%2.9%−0.2 pts+1.3 pts
6 months−4.4%+5.8%3.7%6.0%−4.0 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: KIQQ Jan 2026 · SPYI Aug 2022+0.9%+78.5%6.9%51.3%−10.4 pts−25.2 pts

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About each fund
KIQQ

Over the period from its first trade on Jan 7, 2026 to Nov 4, 2026, KIQQ paid 6.9% of its starting value in cash distributions while its price fell 6.0%. With every distribution reinvested, the fund returned +0.9%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was behind by 10.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 7.5%, paid monthly. KraneShares estimates that 99% of the distribution paid Sep 30, 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

Which is cheaper, KIQQ or SPYI?
KIQQ charges 0.79% a year and SPYI charges 0.68%, so SPYI is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, KIQQ against SPYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/kiqq-vs-spyi

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