Data as of Nov 12, 2026.
MPIM vs SPYI: Dividend Yield & Total Return
Return, fees and overlap, side by side.
Pair scorecard
SPYI costs 0.02 points a year less.
Points (pts) are percentage points.
| Measure | MPIM | SPYI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +11.9% |
| Price change | fell 12.8% (since Aug 12, 2026) | fell 0.7% (1 year) |
| Return of capital, issuer estimate | 99% of the Oct 23, 2026 payment | |
| Against its benchmark | ||
| Benchmark | not published | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.70% | 0.68% |
| Net assets | not read by ETFIQ | $12.7bn |
| 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.About even with SPY
SPYI over 1 year: paid 11.9%, price −0.7%, total +11.9%, SPY +12.0%, −0.1 pts. Data to Nov 12, 2026.
SPY
+12.0%
SPYI
+11.9%
11.9% of it arrived as cash
about even with SPY
Total return, distributions reinvested
About even with SPY
SPYI over 1 year: paid 11.9%, price −0.7%, total +11.9%, SPY +12.0%, −0.1 pts. Data to Nov 12, 2026.
SPY
+12.0%
SPYI
+11.9%
11.9% cash
about even with SPY
11.9% of it arrived as cash. Both charts share one scale, with zero at the line. SPYI over 1 year: paid 11.9%, price −0.7%, total +11.9%, SPY +12.0%, −0.1 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 | SPYI | MPIM | SPYI | MPIM | SPYI |
| 3 months | −10.6% | −0.3% | 3.0% | 2.9% | not measured | +2.1 pts |
| 6 months | – | +3.6% | – | 5.9% | – | +1.9 pts |
| 1 year | – | +11.9% | – | 11.9% | – | −0.1 pts |
| 3 years | – | +59.7% | – | 39.1% | – | −18.6 pts |
| Since launchNot the same days: MPIM Aug 2026 · SPYI Aug 2022 | −10.0% | +77.2% | 3.0% | 51.3% | not measured | −23.9 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.
SPYI
Over the year to Nov 12, 2026, SPYI paid 11.9% of its starting value in cash distributions while its price fell 0.7%. With every distribution reinvested, the fund returned +11.9%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was about even. At its price on Nov 12, 2026 the latest distribution annualizes to 11.6%, 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
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 SPYI, data as of Nov 12, 2026. https://etfiq.com/compare/income/mpim-vs-spyi
ETFIQ. (Nov 12, 2026). MPIM against SPYI. Retrieved from https://etfiq.com/compare/income/mpim-vs-spyi
[MPIM against SPYI (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/income/mpim-vs-spyi)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.
MPIM and SPYI both write options for income.
MPIM and SPYI
Total return, distributions reinvested, 3 months.
MPIM −10.6%, SPYI −0.3%: SPYI +10.3 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.