Which is cheaper, NLSI or SIXH?

NLSI charges 2.89% a year and SIXH charges 0.69%, so SIXH is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

NLSI vs SIXH: Dividend Yield & Total Return

NLSI and SIXH both write options for income.

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Net assets: $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF, and $603m on Aug 31, 2026 for ETC 6 Meridian Hedged Equity-Index Option Strategy ETF.

NLSI on its own →SIXH on its own →

At a glance

5.0%

NLSI cash paid, since launch, Dec 10, 2025

2.1%

SIXH cash paid, 1 year

+17.7%

NLSI total return, since launch, Dec 10, 2025

+23.5%

SIXH total return, 1 year

NLSI · since launch to Nov 4, 2026 5 pts ahead of SPY

NLSI

+17.7%

SPY

+12.7%

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5.0% as cash

5 pts ahead of SPY

Total return, distributions reinvested

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5 pts ahead of SPY

5.0% of it arrived as cash. Total return, distributions reinvested. NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SIXH · 1 year to Nov 4, 2026 5.5 pts ahead of its own holdings

SIXH

+23.5%

Own

+18.0%

5.5 pts ahead of its own holdings

SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

its own holdings

+18.0%

SIXH

+23.5%

5.5 pts ahead of its own holdings

Total return, distributions reinvested

5.5 pts ahead of its own holdings

SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

its own holdings

+18.0%

SIXH

+23.5%

2.1% of it arrived as cash. Both charts share one scale, 0 to +23.5%. SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +23.5%. Data to Nov 4, 2026.

Pair scorecard

SIXH costs 2.20 points a year less.

Points (pts) are percentage points.

NLSI vs SIXH: Dividend Yield & Total Return
Measure	NLSI	SIXH
Paid and earned
Measure	NLSI	SIXH
Total return, 1 year	not published	+23.5%
Price change	rose 12.0% (since Dec 10, 2025)	rose 21.2% (1 year)
Return of capital, issuer estimate	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	NLSI	SIXH
Benchmark	S&P 500, measured through SPY	its own holdings
Against its benchmark, same days	ahead by 5.0 pts	ahead by 5.5 pts
Cost and size
Measure	NLSI	SIXH
Expense ratio	2.89%	0.69%
Net assets, NLSI as of Oct 28, 2026 and SIXH as of Aug 31, 2026	$5.3m	$603m
Holdings
Measure	NLSI	SIXH
Holdings in common	4%

Method

What they share

By the books each fund has filed, NLSI and SIXH hold 4% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

4% in common

Positions both hold · largest shared weight first NLSI SIXH

Micron Technology Inc 12.00% 2.85%

Capital One Financial Corp 3.59% 1.25%

Applied Materials Inc -1.44% 1.10%

Caterpillar Inc -1.44% 1.20%

Alphabet Inc -1.47% 1.16%

Walmart Inc -1.47% 2.31%

Charles Schwab Corp -1.49% 1.27%

Cisco Systems Inc -1.68% 1.16%

Amazon.com Inc -1.76% 1.17%

Meta Platforms Inc -1.95% 1.26%

Simon Property Group Inc -2.06% 1.13%

Altria Group Inc -2.17% 4.90%

Only in one fund ↓

Only in NLSI

Marathon Petroleum Corp 5.94%

Valero Energy Corp 5.14%

Chevron Corp 4.51%

Intuit Inc 4.45%

Walt Disney Co 4.42%

Phillips 66 4.39%

Comfort Systems USA Inc 4.30%

PayPal Holdings Inc 4.29%

Only in SIXH

SPDR S&P 500 ETF Trust 4.95%

AT&T INC. 4.08%

VERIZON COMMUNICATIONS INC. 3.92%

PEPSICO, INC. 3.69%

Philip Morris International Inc. 3.60%

QUALCOMM INCORPORATED 2.82%

PFIZER INC. 2.78%

COMCAST CORPORATION 2.72%

Check overlap with more funds →

Side by side

NLSI NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly SIXH ETC 6 Meridian Hedged Equity-Index Option Strategy ETF · Option income on its own holdings, paying monthly

Issuer NEOS Exchange Traded Concepts

Strategy option income option income

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

Pays monthly monthly

Payout rate, annualized 5.6% 3.2%

Expense ratio 2.89% 0.69%

Cash paid, 1 year 5.0% (since launch, Dec 10, 2025) 2.1%

Price change, 1 year +12.0% (since launch, Dec 10, 2025) +21.2%

Total return, 1 year +17.7% (since launch, Dec 10, 2025) +23.5%

Benchmark return, 1 year +12.7% (since launch, Dec 10, 2025) +18.0%

Ahead or behind +5.0 pts (since launch, Dec 10, 2025) +5.5 pts

Return of capital, latest estimate 100% not published

Age 329 days 6.5 years

Net assets, NLSI as of Oct 28, 2026 and SIXH as of Aug 31, 2026 $5.3m $603m

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: NLSI vs SIXH: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	NLSI	SIXH	NLSI	SIXH	NLSI	SIXH
3 months	+6.7%	+6.0%	1.4%	0.5%	+6.9 pts	+1.8 pts
6 months	+21.4%	+10.3%	3.0%	1.0%	+16.4 pts	+3.5 pts
1 year	–	+23.5%	–	2.1%	–	+5.5 pts
3 years	–	+47.6%	–	6.8%	–	not measured
Since launchNot the same days: NLSI Dec 2025 · SIXH May 2020	+17.7%	+104.1%	5.0%	16.7%	+4.9 pts	not measured

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Alert

About each fund

NLSI

Over the period from its first trade on Dec 10, 2025 to Nov 4, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 12.0%. With every distribution reinvested, the fund returned +17.7%. S&P 500 (SPY) returned +12.7% over the same days, so a holder was ahead by 5.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.6%, 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.

SIXH

Over the year to Nov 4, 2026, SIXH paid 2.1% of its starting value in cash distributions while its price rose 21.2%. With every distribution reinvested, the fund returned +23.5%. SIXH's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Aug 31, 2026) returned +18.0% over the same days, so a holder was ahead by 5.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.2%, paid monthly.

Questions people ask

Which is cheaper, NLSI or SIXH?: NLSI charges 2.89% a year and SIXH charges 0.69%, so SIXH is cheaper. Fees come from each fund's prospectus.

Other comparisons

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Where to next

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

Sources and dates

NLSI filings on SEC EDGAR ↗

NLSI prospectus with the expense ratio (SEC) ↗

NLSI 19a-1 distribution notice ↗

NEOS page for NLSI ↗

SIXH filings on SEC EDGAR ↗

SIXH prospectus with the expense ratio (SEC) ↗

Exchange Traded Concepts website ↗

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, NLSI against SIXH, data as of Nov 4, 2026. https://etfiq.com/compare/income/nlsi-vs-sixh

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