Data as of .
NLSI vs TPRY: which paid, and which earned it?
NLSI and TPRY both write options for income.
What they hold in common
By the books each fund has filed, NLSI and TPRY hold 16% of their money in the same securities at the same weight.
| Holding | NLSI | TPRY |
|---|---|---|
| Micron Technology Inc | 14.23% | 13.23% |
| NVIDIA Corp | 3.17% | 4.39% |
| Only in NLSI | Only in TPRY |
|---|---|
| F5 Inc 3.90% | Amazon.com Inc 12.40% |
| Progressive Corp/The 3.80% | Taiwan Semiconductor Manufacturing Co Ltd 8.48% |
| Adobe Inc 3.37% | Alphabet Inc 6.91% |
| Jack Henry & Associates Inc 3.32% | Meta Platforms Inc 5.35% |
| Universal Health Services Inc 3.23% | Uber Technologies Inc 5.23% |
| Insulet Corp 3.19% | Apple Inc 4.91% |
| Veeva Systems Inc 3.19% | Vistra Corp 4.57% |
| PTC Inc 3.18% | Alibaba Group Holding Ltd 4.46% |
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 Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| NLSI | TPRY | NLSI | TPRY | NLSI | TPRY | |
| 3 months | +15.6% | −5.9% | 1.4% | 3.5% | +13.3 pts | −8.2 pts |
| 6 months | +24.6% | +11.9% | 2.8% | 8.1% | +6.6 pts | −6.1 pts |
| Since launch | +19.3% | +2.1% | 4.0% | 7.4% | +7.3 pts | −9.3 pts |
| NLSI NEOS Long/Short Equity Income ETF Option income on SPY, paying monthly | TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | NEOS | VistaShares |
| Strategy | option income | covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 5.1% | 15.3% |
| Expense ratio | 2.89% | 0.95% |
| Cash paid, 1 year | 4.0% (since launch on Dec 10, 2025) | 7.4% (since launch on Feb 26, 2026) |
| Price change, 1 year | +14.6% | −5.4% |
| Total return, 1 year | +19.3% (since launch on Dec 10, 2025) | +2.1% (since launch on Feb 26, 2026) |
| Benchmark return, 1 year | +12.0% | +11.4% |
| Ahead or behind | +7.3 pts | −9.3 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 282 days | 204 days |
| Net assets | $5m | $4m |
NLSI in plain words
Over the period since launch on Dec 10, 2025 to Sep 18, 2026, NLSI paid 4.0% of its starting value in cash distributions while its price rose 14.6%. With every distribution reinvested, the fund returned +19.3%. S&P 500 (SPY), used as a default proxy returned +12.0% over the same days, so a holder was ahead by 7.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.1%, paid monthly. NEOS estimates that 100% of the distribution paid Jul 31, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
TPRY in plain words
Over the period since launch on Feb 26, 2026 to Sep 18, 2026, TPRY paid 7.4% of its starting value in cash distributions while its price fell 5.4%. With every distribution reinvested, the fund returned +2.1%. S&P 500 (SPY), used as a default proxy returned +11.4% over the same days, so a holder was behind by 9.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 15.3%, paid monthly.
Questions people ask
- Which is cheaper, NLSI or TPRY?
- NLSI charges 2.89% a year and TPRY charges 0.95%, so TPRY 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, NLSI against TPRY, data as of Sep 18, 2026. https://etfiq.com/compare/income/nlsi-vs-tpry Free to use with attribution; the underlying files are at Open data.