Data as of Nov 4, 2026.
NLSI vs TPRY: Dividend Yield & Total Return
NLSI and TPRY 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 $3.3m on Nov 3, 2026 for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF.
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, 2026.19.3 pts behind SPY
TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
TPRY
−7.2%
19.3 pts behind SPY
Total return, distributions reinvested
19.3 pts behind SPY
TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
TPRY
−7.2%
19.3 pts behind SPY
9.7% of it arrived as cash. Both charts share one scale, with zero at the line. TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
TPRY costs 1.94 points a year less; NLSI is 1.5 times larger.
Points (pts) are percentage points.
| Measure | NLSI | TPRY |
|---|---|---|
| Paid and earned | ||
| Price change | rose 12.0% (since Dec 10, 2025) | fell 16.1% (since Feb 26, 2026) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | 19% of the Oct 27, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Against its benchmark, same days | ahead by 5.0 pts | behind by 19.3 pts |
| Cost and size | ||
| Expense ratio | 2.89% | 0.95% |
| Net assets, as of Oct 28, 2026 | $5.3m | $3.5m |
| Holdings | ||
| Holdings in common | 15% | |
What they share
By the books each fund has filed, NLSI and TPRY hold 15% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
15% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | NLSI | TPRY | NLSI | TPRY | NLSI | TPRY |
| 3 months | +6.7% | −9.7% | 1.4% | 3.6% | +6.9 pts | −9.5 pts |
| 6 months | +21.4% | −14.1% | 3.0% | 6.9% | +16.4 pts | −19.1 pts |
| Since launchNot the same days: NLSI Dec 2025 · TPRY Feb 2026 | +17.7% | −7.2% | 5.0% | 9.7% | +4.9 pts | −19.3 pts |
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.
TPRY
Over the period from its first trade on Feb 26, 2026 to Nov 4, 2026, TPRY paid 9.7% of its starting value in cash distributions while its price fell 16.1%. With every distribution reinvested, the fund returned −7.2%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was behind by 19.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. VistaShares estimates that 19% of the distribution paid Oct 27, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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 TPRY, data as of Nov 4, 2026. https://etfiq.com/compare/income/nlsi-vs-tpry
ETFIQ. (Nov 4, 2026). NLSI against TPRY. Retrieved from https://etfiq.com/compare/income/nlsi-vs-tpry
[NLSI against TPRY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/nlsi-vs-tpry)
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