Which is cheaper, RDVI or XSPI?

RDVI charges 0.75% a year and XSPI charges 0.98%, so RDVI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

RDVI vs XSPI: Dividend Yield & Total Return

RDVI and XSPI both write options for income.

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Net assets: $3.9bn on Nov 3, 2026 for FT Vest Rising Dividend Achievers Target Income ETF, and $140m on Oct 28, 2026 for NEOS Boosted S&P 500 High Income ETF.

RDVI on its own →XSPI on its own →

At a glance

9.1%

RDVI cash paid, 1 year

13.9%

XSPI cash paid, since launch, Feb 3, 2026

+22.0%

RDVI total return, 1 year

+12.4%

XSPI total return, since launch, Feb 3, 2026

RDVI · 1 year to Nov 4, 2026 About even with RDVY

RDVI

+22.0%

RDVY

+22.2%

About even with RDVY

RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.

RDVY

+22.2%

RDVI

+22.0%

9.1% of it arrived as cash

about even with RDVY

Total return, distributions reinvested

About even with RDVY

RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.

RDVY

+22.2%

RDVI

+22.0%

about even with RDVY

9.1% of it arrived as cash. Total return, distributions reinvested. RDVI over 1 year: paid 9.1%, price +12.2%, total +22.0%, RDVY +22.2%, −0.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

XSPI · since launch to Nov 4, 2026 About even with SPY

XSPI

+12.4%

SPY

+12.1%

About even with SPY

XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

XSPI

+12.4%

13.9% of it arrived as cash

about even with SPY

Total return, distributions reinvested

About even with SPY

XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

SPY

+12.1%

XSPI

+12.4%

13.9% cash

about even with SPY

13.9% of it arrived as cash. Both charts share one scale, with zero at the line. XSPI since launch: paid 13.9%, price −2.3%, total +12.4%, SPY +12.1%, +0.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

RDVI costs 0.23 points a year less; RDVI is far larger, $3.8bn against $140m.

Points (pts) are percentage points.

RDVI vs XSPI: Dividend Yield & Total Return
Measure	RDVI	XSPI
Paid and earned
Measure	RDVI	XSPI
Total return, 1 year	+22.0%	not published
Price change	rose 12.2% (1 year)	fell 2.3% (since Feb 3, 2026)
Return of capital, issuer estimate	40% of the Oct 30, 2026 payment	98% of the Oct 9, 2026 payment
Against its benchmark
Measure	RDVI	XSPI
Benchmark	First Trust Rising Dividend Achievers ETF, measured through RDVY	S&P 500, measured through SPY
Cost and size
Measure	RDVI	XSPI
Expense ratio	0.75%	0.98%
Net assets, as of Oct 28, 2026	$3.8bn	$140m
Holdings
Measure	RDVI	XSPI
Holdings in common	24%

Method

What they share

24%

By the books each fund has filed, RDVI and XSPI hold 24% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

24% in common

Positions both hold · largest shared weight first RDVI XSPI

Microsoft Corporation 2.16% 6.26%

NVIDIA Corporation 2.00% 8.10%

Meta Platforms, Inc. (Class A) 1.89% 2.14%

Apple Inc. 1.63% 7.92%

Alphabet Inc. (Class A) 1.57% 2.66%

Micron Technology, Inc. 1.83% 1.49%

JPMorgan Chase & Co. 2.02% 1.45%

Visa Inc. (Class A) 2.35% 1.10%

Mastercard Incorporated 1.08% 0.83%

Costco Wholesale Corporation 2.02% 0.69%

GE Aerospace 1.38% 0.54%

Bank of America Corporation 1.74% 0.53%

Only in one fund ↓

Only in RDVI

Mueller Industries, Inc. 1.29%

Coca-Cola Consolidated, Inc. 0.55%

East West Bancorp, Inc. 0.54%

Allison Transmission Holdings, Inc. 0.43%

2026-11-06 S&P 500® Index - Price Return C 7,580 -0.11%

Only in XSPI

Amazon.com Inc 3.98%

Broadcom Inc 2.52%

Alphabet Inc 2.12%

Eli Lilly & Co 1.79%

Tesla Inc 1.78%

Berkshire Hathaway Inc 1.65%

Advanced Micro Devices Inc 1.23%

ExxonMobil Holdings Corp 1.20%

Check overlap with more funds →

Side by side

RDVI FT Vest Rising Dividend Achievers Target Income ETF · Writes calls on the S&P 500, measured against the Nasdaq US Rising Dividend Achievers Index, paying monthly XSPI NEOS Boosted S&P 500 High Income ETF · Option income on SPY, paying monthly

Issuer First Trust NEOS

Strategy dividend stocks with call overlay option income

Benchmark First Trust Rising Dividend Achievers ETF (RDVY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.3% 16.6%

Expense ratio 0.75% 0.98%

Cash paid, 1 year 9.1% 13.9% (since launch, Feb 3, 2026)

Price change, 1 year +12.2% −2.3% (since launch, Feb 3, 2026)

Total return, 1 year +22.0% +12.4% (since launch, Feb 3, 2026)

Benchmark return, 1 year +22.2% +12.1% (since launch, Feb 3, 2026)

Ahead or behind −0.2 pts +0.3 pts (since launch, Feb 3, 2026)

Return of capital, latest estimate 40% 98%

Age 4.0 years 274 days

Net assets, RDVI as of Nov 3, 2026 and XSPI as of Oct 28, 2026 $3.9bn $140m

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: RDVI vs XSPI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	RDVI	XSPI	RDVI	XSPI	RDVI	XSPI
3 months	−1.9%	+1.1%	2.0%	4.2%	+0.6 pts	+1.2 pts
6 months	+7.9%	+7.0%	4.3%	8.5%	+0.1 pts	+2.0 pts
1 year	+22.0%	–	9.1%	–	−0.2 pts	–
3 years	+76.0%	–	30.9%	–	−6.4 pts	–
Since launchNot the same days: RDVI Oct 2022 · XSPI Feb 2026	+106.5%	+12.4%	43.0%	13.9%	−8.4 pts	+0.3 pts

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Alert

About each fund

RDVI

Over the year to Nov 4, 2026, RDVI paid 9.1% of its starting value in cash distributions while its price rose 12.2%. With every distribution reinvested, the fund returned +22.0%. First Trust Rising Dividend Achievers ETF (RDVY) returned +22.2% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.3%, paid monthly. First Trust estimates that 40% 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.

XSPI

Over the period from its first trade on Feb 3, 2026 to Nov 4, 2026, XSPI paid 13.9% of its starting value in cash distributions while its price fell 2.3%. With every distribution reinvested, the fund returned +12.4%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 16.6%, paid monthly. NEOS estimates that 98% of the distribution paid Oct 9, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, RDVI or XSPI?: RDVI charges 0.75% a year and XSPI charges 0.98%, so RDVI is cheaper. Fees come from each fund's prospectus.

Other comparisons

RDVI vs GPIX RDVI vs DIVO RDVI vs SPYI RDVI vs JEPI XSPI vs SDVD XSPI vs FEPI XSPI vs DJIA XSPI vs YLDE

Where to next

First Trust Rising Dividend Achievers ETF (RDVY) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →RDVI on its own →XSPI on its own →RDVI dividend history →RDVI holdings →XSPI dividend history →XSPI holdings →Method →Standards and sources →

Sources and dates

RDVI filings on SEC EDGAR ↗

RDVI prospectus with the expense ratio (SEC) ↗

RDVI 19a-1 distribution notice ↗

First Trust page for RDVI ↗

XSPI filings on SEC EDGAR ↗

XSPI prospectus with the expense ratio (SEC) ↗

XSPI 19a-1 distribution notice ↗

NEOS page for XSPI ↗

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, RDVI against XSPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/rdvi-vs-xspi

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