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NLSI vs VAIE: Dividend Yield & Total Return

NLSI and VAIE both write options for income. Net assets on Oct 19, 2026: $5m for NEOS Long/Short Equity Income ETF and $67m for VegaShares US Equity Autocallable Income ETF.

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Ask IQ about NLSI and VAIE

Answers cite the figures on this page.

VAIE costs 2.15 points a year less; VAIE is 14.0 times larger.

Points (pts) are percentage points.

NLSI vs VAIE: Dividend Yield & Total Return
NLSIVAIE
Expense ratio2.89%0.74%
Net assets, as of Oct 19, 2026$5m$67m
BenchmarkS&P 500, measured through SPYnot published
Holdings in commonnot published
Price changerose 18.4% (since Dec 10, 2025)fell 3.6% (since May 12, 2026)
Return of capital, issuer estimate97% of the Sep 25, 2026 payment
4.5%
NLSI cash paid, since launch, Dec 10, 2025
6.8%
VAIE cash paid, since launch, May 12, 2026
+23.8%
NLSI total return, since launch, Dec 10, 2025
+3.3%
VAIE total return, since launch, May 12, 2026

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NLSI · since launch to Oct 20, 202610.7 pts ahead of SPY
NLSI
+23.8%
SPY
+13.1%

10.7 pts ahead of SPY

NLSI since launch: paid 4.5%, price +18.4%, total +23.8%, SPY +13.1%, +10.7 pts. Figures to Oct 20, 2026.

SPY

+13.1%

NLSI

+23.8%

4.5% as cash

10.7 pts ahead of SPY

Total return, distributions reinvested

10.7 pts ahead of SPY

NLSI since launch: paid 4.5%, price +18.4%, total +23.8%, SPY +13.1%, +10.7 pts. Figures to Oct 20, 2026.

SPY

+13.1%

NLSI

+23.8%

10.7 pts ahead of SPY

4.5% of it arrived as cash. Total return, distributions reinvested. NLSI since launch: paid 4.5%, price +18.4%, total +23.8%, SPY +13.1%, +10.7 pts. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

VAIE · since launch to Oct 20, 2026Not measured
VAIE
+3.3%
none

Not measured

VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

VAIE

+3.3%

6.8% cash

Total return, distributions reinvested

Not measured

VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

VAIE

+3.3%

6.8% of it arrived as cash. Both charts share one scale, with zero at the line. VAIE since launch: paid 6.8%, price −3.6%, total +3.3%, not measured against a benchmark. Figures to Oct 20, 2026.

Figures to Oct 20, 2026.

Performance, window by window

Performance, window by window: NLSI vs VAIE: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowNLSIVAIENLSIVAIENLSIVAIE
3 months+13.8%+2.5%1.4%4.1%+10.7 ptsnot measured
6 months+30.3%–3.0%–+20.6 pts–
Since launch
Not the same days: NLSI Dec 2025 · VAIE May 2026
+23.8%+3.3%4.5%6.8%+10.7 ptsnot measured

Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. Open this comparison in the app →

On the same fields

NLSI
NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly
VAIE
VegaShares US Equity Autocallable Income ETF · Autocallable, paying weekly
Issuer NEOS VegaShares
Strategy option income autocallable
Benchmark S&P 500 (SPY) none
Pays monthly weekly
Payout rate, annualized 5.1% 16.8%
Expense ratio 2.89% 0.74%
Cash paid, 1 year 4.5% (since launch, Dec 10, 2025) 6.8% (since launch, May 12, 2026)
Price change, 1 year +18.4% (since launch, Dec 10, 2025) −3.6% (since launch, May 12, 2026)
Total return, 1 year +23.8% (since launch, Dec 10, 2025) +3.3% (since launch, May 12, 2026)
Benchmark return, 1 year +13.1% (since launch, Dec 10, 2025) not published
Ahead or behind +10.7 pts (since launch, Dec 10, 2025) not available
Return of capital, latest estimate 97% not published
Age 314 days 161 days
Net assets, as of Oct 19, 2026 $5m $67m

As of Oct 20, 2026. Source: ETFIQ. Cash paid is what the fund distributed over the window, as a share of its price at the start. Payout rate is its latest payment, annualized, over today’s price.

About NLSI

Over the period from its first trade on Dec 10, 2025 to Oct 20, 2026, NLSI paid 4.5% of its starting value in cash distributions while its price rose 18.4%. With every distribution reinvested, the fund returned +23.8%. S&P 500 (SPY) returned +13.1% over the same days, so a holder was ahead by 10.7 pts. At its price on Oct 20, 2026 the latest distribution annualizes to 5.1%, paid monthly. NEOS estimates that 97% of the distribution paid Sep 25, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

About VAIE

Over the period from its first trade on May 12, 2026 to Oct 20, 2026, VAIE paid 6.8% of its starting value in cash distributions while its price fell 3.6%. With every distribution reinvested, the fund returned +3.3%. At its price on Oct 20, 2026 the latest distribution annualizes to 16.8%, paid weekly.

Questions people ask

Which is cheaper, NLSI or VAIE?
NLSI charges 2.89% a year and VAIE charges 0.74%, so VAIE is cheaper. Fees come from each fund's prospectus.
Other comparisons
NLSI vs DOGGNLSI vs YLDENLSI vs SIOONLSI vs DDDDVAIE vs ACBEVAIE vs ACSPVAIE vs ACKYVAIE vs BALI
S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →NLSI on its own →VAIE on its own →NLSI dividend history →NLSI holdings →VAIE dividend history →How every figure is computed →Standards and sources →
Where these figures came from
NLSI filings on SEC EDGAR ↗NLSI prospectus with the expense ratio (SEC) ↗NLSI 19a-1 distribution notice ↗NEOS page for NLSI ↗VAIE filings on SEC EDGAR ↗VAIE prospectus with the expense ratio (SEC) ↗VegaShares page for VAIE ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, NLSI against VAIE, data as of Oct 20, 2026. https://etfiq.com/compare/income/nlsi-vs-vaie

Open data

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