Data as of Nov 12, 2026.
MPIM vs NLSI: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
MPIM costs 2.19 points a year less.
Points (pts) are percentage points.
| Measure | MPIM | NLSI |
|---|---|---|
| Paid and earned | ||
| Price change | fell 12.8% (since Aug 12, 2026) | rose 13.5% (since Dec 10, 2025) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.70% | 2.89% |
| Net assets | not read by ETFIQ | $5.2m |
| Holdings | ||
| Holdings in common | not published | |
Not measured
MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
MPIM
−10.0%
Total return, distributions reinvested
Not measured
MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
MPIM
−10.0%
3.0% of it arrived as cash. Total return, distributions reinvested. MPIM since launch: paid 3.0%, price −12.8%, total −10.0%, not measured against a benchmark. Data to Nov 12, 2026.
Data to Nov 12, 2026.7.9 pts ahead of SPY
NLSI since launch: paid 5.0%, price +13.5%, total +19.2%, SPY +11.3%, +7.9 pts. Data to Nov 12, 2026.
SPY
+11.3%
NLSI
+19.2%
5.0% as cash
7.9 pts ahead of SPY
Total return, distributions reinvested
7.9 pts ahead of SPY
NLSI since launch: paid 5.0%, price +13.5%, total +19.2%, SPY +11.3%, +7.9 pts. Data to Nov 12, 2026.
SPY
+11.3%
NLSI
+19.2%
7.9 pts ahead of SPY
5.0% of it arrived as cash. Both charts share one scale, with zero at the line. NLSI since launch: paid 5.0%, price +13.5%, total +19.2%, SPY +11.3%, +7.9 pts. Data to Nov 12, 2026.
Data to Nov 12, 2026.Side by side
As of Nov 12, 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 | MPIM | NLSI | MPIM | NLSI | MPIM | NLSI |
| 3 months | −10.6% | +2.0% | 3.0% | 1.3% | not measured | +4.5 pts |
| 6 months | – | +19.3% | – | 2.9% | – | +17.6 pts |
| Since launchNot the same days: MPIM Aug 2026 · NLSI Dec 2025 | −10.0% | +19.2% | 3.0% | 5.0% | not measured | +7.9 pts |
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MPIM
Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPIM paid 3.0% of its starting value in cash distributions while its price fell 12.8%. With every distribution reinvested, the fund returned −10.0%. At its price on Nov 12, 2026 the latest distribution annualizes to 17.0%, paid periodically.
NLSI
Over the period from its first trade on Dec 10, 2025 to Nov 12, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 13.5%. With every distribution reinvested, the fund returned +19.2%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was ahead by 7.9 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 5.5%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, MPIM against NLSI, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpim-vs-nlsi
ETFIQ. (Nov 12, 2026). MPIM against NLSI. Retrieved from https://etfiq.com/compare/income/mpim-vs-nlsi
[MPIM against NLSI (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/mpim-vs-nlsi)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.
MPIM and NLSI both write options for income.
MPIM and NLSI
Total return, distributions reinvested, 3 months.
MPIM −10.6%, NLSI +2.0%: NLSI +12.6 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.