Data as of Nov 4, 2026.

vsOpen in the appaskIQ about these two fundsAsk the committee about these two funds
Income ETFs

RECI vs SPYI: Dividend Yield & Total Return

Share
Share on XDownload as PDF

RECI and SPYI both write options for income.

askIQ about this page

askIQ about RECI and SPYI

Net assets: $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF, beside Columbia Research Enhanced Core Premium Income ETF.

At a glance
1.5%
RECI cash paid, since launch, Jul 14, 2026
12.1%
SPYI cash paid, 1 year
+3.7%
RECI total return, since launch, Jul 14, 2026
+14.0%
SPYI total return, 1 year
RECI · since launch to Nov 4, 2026 Not measured
RECI
+3.7%
none

Not measured

RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

RECI

+3.7%

Total return, distributions reinvested

Not measured

RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

RECI

+3.7%

1.5% of it arrived as cash. Total return, distributions reinvested. RECI since launch: paid 1.5%, price +2.1%, total +3.7%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.
SPYI · 1 year to Nov 4, 2026 0.8 pts behind SPY
SPYI
+14.0%
SPY
+14.8%

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, 0 to +14.8%. SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +14.8%. Data to Nov 4, 2026.

Pair scorecard

RECI costs 0.38 points a year less.

Points (pts) are percentage points.

RECI vs SPYI: Dividend Yield & Total Return
MeasureRECISPYI
Paid and earned
Total return, 1 yearnot published+14.0%
Price changerose 2.1% (since Jul 14, 2026)rose 1.1% (1 year)
Return of capital, issuer estimate78% of the Oct 5, 2026 payment99% of the Oct 23, 2026 payment
Against its benchmark
Benchmarknot publishedS&P 500, measured through SPY
Cost and size
Expense ratio0.30%0.68%
Net assetsnot read by ETFIQ$12.7bn
Holdings
Holdings in commonnot published

Method

Side by side

RECI Columbia Research Enhanced Core Premium Income ETF · Covered call, paying monthly SPYI NEOS S&P 500 High Income ETF · Option income on SPY, paying monthly
Issuer Columbia NEOS
Strategy covered call option income
Benchmark none S&P 500 (SPY)
Pays monthly monthly
Payout rate, annualized 8.0% 11.5%
Expense ratio 0.30% 0.68%
Cash paid, 1 year 1.5% (since launch, Jul 14, 2026) 12.1%
Price change, 1 year +2.1% (since launch, Jul 14, 2026) +1.1%
Total return, 1 year +3.7% (since launch, Jul 14, 2026) +14.0%
Benchmark return, 1 year not published +14.8%
Ahead or behind not available −0.8 pts
Return of capital, latest estimate 78% 99%
Age 113 days 4.2 years
Net assets not read by ETFIQ $12.7bn

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: RECI vs SPYI: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowRECISPYIRECISPYIRECISPYI
3 months+3.5%+1.1%1.5%2.9%not measured+1.3 pts
6 months–+5.8%–6.0%–+0.7 pts
1 year–+14.0%–12.1%–−0.8 pts
3 years–+62.0%–39.3%–−20.9 pts
Since launchNot the same days: RECI Jul 2026 · SPYI Aug 2022+3.7%+78.5%1.5%51.3%not measured−25.2 pts

– means no data for this window. Open this comparison in the app →

Alert

The week's ETF fund flows, by email on Sundays.

One-click unsubscribe. See Privacy.

About each fund
RECI

Over the period from its first trade on Jul 14, 2026 to Nov 4, 2026, RECI paid 1.5% of its starting value in cash distributions while its price rose 2.1%. With every distribution reinvested, the fund returned +3.7%. At its price on Nov 4, 2026 the latest distribution annualizes to 8.0%, paid monthly. Columbia estimates that 78% of the distribution paid Oct 5, 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

Which is cheaper, RECI or SPYI?
RECI charges 0.30% a year and SPYI charges 0.68%, so RECI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Cite this pageCitation, APA and Markdown

ETFIQ, RECI against SPYI, data as of Nov 4, 2026. https://etfiq.com/compare/income/reci-vs-spyi

Open data →

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