Data as of .
KYLD vs SPYI: which paid, and which earned it?
KYLD and SPYI both write options for income.
What they hold in common
By the books each fund has filed, KYLD and SPYI hold 5% of their money in the same securities at the same weight.
| Holding | KYLD | SPYI |
|---|---|---|
| Broadcom Inc | 5.17% | 2.59% |
| Advanced Micro Devices Inc | 6.21% | 1.41% |
| Intel Corp | 6.19% | 0.82% |
| Howmet Aerospace Inc | 5.97% | 0.14% |
| Robinhood Markets Inc | 3.81% | 0.14% |
| AppLovin Corp | 5.32% | 0.12% |
| Teradyne Inc | 5.77% | 0.09% |
| Vistra Corp | 4.71% | 0.07% |
| Reddit Inc | 4.15% | 0.03% |
| Only in KYLD | Only in SPYI |
|---|---|
| TREASURY BILL 12.96% | NVIDIA Corp 8.28% |
| TREASURY BILL 11.01% | Apple Inc 7.52% |
| Global X Silver Miners ETF 7.09% | Microsoft Corp 5.62% |
| VanEck Gold Miners ETF/USA 6.38% | Amazon.com Inc 3.82% |
| BWX Technologies Inc 5.38% | Alphabet Inc 3.12% |
| Shopify Inc 3.43% | Alphabet Inc 2.50% |
| Hims & Hers Health Inc 3.19% | Meta Platforms Inc 2.22% |
| Vanguard FTSE Europe ETF 3.00% | Micron Technology Inc 1.74% |
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 May 31, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| KYLD | SPYI | KYLD | SPYI | KYLD | SPYI | |
| 3 months | −6.3% | +3.1% | 5.6% | 3.0% | −8.5 pts | +0.9 pts |
| 6 months | +24.4% | +14.4% | 14.1% | 6.5% | +6.4 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 | +2.0% | +77.1% | 20.9% | 50.3% | −10.9 pts | −25.3 pts |
| KYLD Kurv High Income ETF Option income on SPY, paying weekly | SPYI NEOS S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Kurv | NEOS |
| Strategy | option income | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 25.6% | 12.1% |
| Expense ratio | 1.00% | 0.68% |
| Cash paid, 1 year | 20.9% (since launch on Oct 31, 2025) | 13.1% |
| Price change, 1 year | −20.5% | +1.2% |
| Total return, 1 year | +2.0% (since launch on Oct 31, 2025) | +15.3% |
| Benchmark return, 1 year | +12.9% | +16.6% |
| Ahead or behind | −10.9 pts | −1.2 pts |
| Return of capital, latest estimate | 100% | 93% |
| Age | 322 days | 1480 days |
| Net assets | $49m | $12.2bn |
KYLD in plain words
Over the period since launch on Oct 31, 2025 to Sep 18, 2026, KYLD paid 20.9% of its starting value in cash distributions while its price fell 20.5%. With every distribution reinvested, the fund returned +2.0%. S&P 500 (SPY), used as a default proxy returned +12.9% over the same days, so a holder was behind by 10.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 25.6%, paid weekly. Kurv estimates that 100% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
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, KYLD or SPYI?
- KYLD charges 1.00% 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, KYLD against SPYI, data as of Sep 18, 2026. https://etfiq.com/compare/income/kyld-vs-spyi Free to use with attribution; the underlying files are at Open data.