Data as of Nov 4, 2026.
OMAH vs SPYI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, OMAH paid 14.7% of its price in cash against SPYI’s 12.1% and the two finished level on total return.
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Net assets: $1.1bn on Nov 3, 2026 for VistaShares Target 15 Berkshire Select Income ETF, and $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF.
1.3 pts behind SPY
OMAH over 1 year: paid 14.7%, price −2.4%, total +13.5%, SPY +14.8%, −1.3 pts. Data to Nov 4, 2026.
SPY
+14.8%
OMAH
+13.5%
14.7% of it arrived as cash
1.3 pts behind SPY
Total return, distributions reinvested
1.3 pts behind SPY
OMAH over 1 year: paid 14.7%, price −2.4%, total +13.5%, SPY +14.8%, −1.3 pts. Data to Nov 4, 2026.
SPY
+14.8%
OMAH
+13.5%
14.7% as cash
1.3 pts behind SPY
14.7% of it arrived as cash. Total return, distributions reinvested. OMAH over 1 year: paid 14.7%, price −2.4%, total +13.5%, SPY +14.8%, −1.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.0.8 pts behind SPY
SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPYI
+14.0%
12.1% of it arrived as cash
0.8 pts behind SPY
Total return, distributions reinvested
0.8 pts behind SPY
SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPYI
+14.0%
12.1% as cash
0.8 pts behind SPY
12.1% of it arrived as cash. Both charts share one scale, with zero at the line. SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
SPYI costs 0.30 points a year less; their one-year returns differ by 0.5 points; SPYI is 11.5 times larger.
Points (pts) are percentage points.
| Measure | OMAH | SPYI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +13.5% | +14.0% |
| Price change, 1 year | fell 2.4% | rose 1.1% |
| Return of capital, issuer estimate | 100% of the Oct 27, 2026 payment | 99% of the Oct 23, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.98% | 0.68% |
| Net assets, as of Oct 28, 2026 | $1.1bn | $12.7bn |
| Holdings | ||
| Holdings in common | 16% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Risk and return
Mar 14, 2025 to Oct 30, 2026 · 85 weekly returns · each against SPYFrom Mar 2025 to Oct 2026, SPYI returned more: +31.9% to +18.2%. OMAH swung slightly less: 11.4% to 12.6%. OMAH fell less at its worst: −8.6% to −9.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | OMAH | SPYI | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +18.2% | +31.9% | SPYI | Price change plus distributions, reinvested. | |
| Annualized | +10.8% | +18.5% | SPYI | Total return as a yearly rate. | |
| Price return | −8.0% | +7.9% | SPYI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 11.4% | 12.6% | OMAH (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 8.8% | 8.6% | SPYI (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −8.6% | −9.8% | OMAH | Deepest fall from a high to the low after it. | |
| Upside capture | 35.8% | 74.4% | 100.0% | SPYI | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 50.5% | 82.9% | 100.0% | OMAH | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.54 | 0.82 | 1.00 | OMAH lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.51 | 0.97 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.61 | 1.09 | SPYI | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.79 | 1.61 | SPYI | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.129 | 0.168 | 0.164 | SPYI | Return above Treasury bills per unit of beta. |
| Calmar | 1.26 | 1.88 | SPYI | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | −1.9% a year | +0.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.30 | 0.17 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −14.5% to +10.7% | −3.0% to +3.5% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.89 | −0.78 | SPYI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 10.6% | 3.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 85 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, OMAH and SPYI hold 16% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
16% 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 | OMAH | SPYI | OMAH | SPYI | OMAH | SPYI |
| 3 months | +2.5% | +1.1% | 3.7% | 2.9% | +2.6 pts | +1.3 pts |
| 6 months | +6.2% | +5.8% | 7.4% | 6.0% | +1.2 pts | +0.7 pts |
| 1 year | +13.5% | +14.0% | 14.7% | 12.1% | −1.3 pts | −0.8 pts |
| 3 years | – | +62.0% | – | 39.3% | – | −20.9 pts |
| Since launchNot the same days: OMAH Mar 2025 · SPYI Aug 2022 | +19.2% | +78.5% | 23.7% | 51.3% | −14.9 pts | −25.2 pts |
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OMAH
Over the year to Nov 4, 2026, OMAH paid 14.7% of its starting value in cash distributions while its price fell 2.4%. With every distribution reinvested, the fund returned +13.5%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.0%, paid monthly. VistaShares estimates that 100% of the distribution paid Oct 27, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
SPYI
Over the year to Nov 4, 2026, SPYI paid 12.1% of its starting value in cash distributions while its price rose 1.1%. With every distribution reinvested, the fund returned +14.0%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.5%, paid monthly. NEOS estimates that 99% of the distribution paid Oct 23, 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
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, OMAH against SPYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/omah-vs-spyi
ETFIQ. (Nov 4, 2026). OMAH against SPYI. Retrieved from https://etfiq.com/compare/income/omah-vs-spyi
[OMAH against SPYI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/omah-vs-spyi)
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