Data as of .
SCLZ vs SPYI: which paid, and which earned it?
Over the year SPYI paid 13.1% of its price in cash against SCLZ’s 8.4%, and returned more with it reinvested.
ETFIQ Return Stability Score: SPYI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, SCLZ and SPYI hold 53% of their money in the same securities at the same weight.
| Holding | SCLZ | SPYI |
|---|---|---|
| APPLE INC | 6.15% | 6.59% |
| NVIDIA CORP | 5.99% | 7.57% |
| MICROSOFT CORP | 3.71% | 4.32% |
| AMAZON.COM INC | 3.75% | 3.65% |
| ALPHABET INC | 5.18% | 3.28% |
| BROADCOM INC | 4.71% | 2.80% |
| MICRON TECHNOLOGY INC | 7.89% | 1.99% |
| META PLATFORMS INC | 3.34% | 1.92% |
| TESLA INC | 1.80% | 1.85% |
| ELI LILLY & COMPANY | 3.86% | 1.47% |
| ADVANCED MICRO DEVICES INC | 5.14% | 1.47% |
| BERKSHIRE HATHAWAY INC | 3.10% | 1.43% |
| Only in SCLZ | Only in SPYI |
|---|---|
| SOLSTICE ADVANCED MATERIALS INC 0.04% | Alphabet Inc 2.61% |
| Intel Corp 1.01% | |
| Applied Materials Inc 0.89% | |
| Lam Research Corp 0.84% | |
| KLA Corp 0.61% | |
| Bank of America Corp 0.59% | |
| UnitedHealth Group Inc 0.58% | |
| Procter & Gamble Co/The 0.53% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SCLZ | SPYI | SCLZ | SPYI | SCLZ | SPYI | |
| 3 months | +2.9% | +3.1% | 2.1% | 3.0% | −3.6 pts | +0.9 pts |
| 6 months | +14.2% | +14.4% | 3.8% | 6.5% | +1.6 pts | −3.6 pts |
| 1 year | +13.2% | +15.3% | 8.4% | 13.1% | −14.0 pts | −1.2 pts |
| 3 years | not published | +57.2% | not published | 38.6% | not published | −21.2 pts |
| Since launch | +36.5% | +77.1% | 19.6% | 50.3% | −6.3 pts | −25.3 pts |
| SCLZ Swan Enhanced Dividend Income ETF Dividend stocks with call overlay on SCHD, paying monthly | SPYI NEOS S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Swan | NEOS |
| Strategy | dividend stocks with call overlay | option income |
| Benchmark | US dividend stocks (SCHD), used as the dividend proxy | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 8.5% | 12.1% |
| Expense ratio | 0.79% | 0.68% |
| Cash paid, 1 year | 8.4% | 13.1% |
| Price change, 1 year | +4.1% | +1.2% |
| Total return, 1 year | +13.2% | +15.3% |
| Benchmark return, 1 year | +27.2% | +16.6% |
| Ahead or behind | −14.0 pts | −1.2 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 934 days | 1480 days |
| Net assets | $20m | $12.2bn |
SCLZ in plain words
Over the year to Sep 18, 2026, SCLZ paid 8.4% of its starting value in cash distributions while its price rose 4.1%. With every distribution reinvested, the fund returned +13.2%. US dividend stocks (SCHD), used as the dividend proxy returned +27.2% over the same days, so a holder was behind by 14.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.5%, paid monthly.
SPYI in plain words
Over the year to Sep 18, 2026, SPYI paid 13.1% of its starting value in cash distributions while its price rose 1.2%. With every distribution reinvested, the fund returned +15.3%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.1%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which paid more, SCLZ or SPYI?
- Over the year to Sep 18, 2026, SCLZ paid 8.4% of its starting price in cash and SPYI paid 13.1%, so SPYI paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, SCLZ or SPYI?
- With every distribution reinvested, SCLZ returned +13.2% and SPYI returned +15.3% over the year to Sep 18, 2026, so SPYI returned more.
- Which is cheaper, SCLZ or SPYI?
- SCLZ charges 0.79% a year and SPYI charges 0.68%, so SPYI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SCLZ against SPYI, data as of Sep 18, 2026. https://etfiq.com/compare/income/sclz-vs-spyi Free to use with attribution; the underlying files are at Open data.