Data as of .
SDVD vs SPYI: which paid, and which earned it?
Over the year SPYI paid 13.1% of its price in cash against SDVD’s 9.2%, 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, SDVD and SPYI hold 2% of their money in the same securities at the same weight.
| Holding | SDVD | SPYI |
|---|---|---|
| Comfort Systems USA, Inc. | 0.60% | 0.10% |
| Hewlett Packard Enterprise Company | 0.26% | 0.09% |
| Fifth Third Bancorp | 0.48% | 0.08% |
| Interactive Brokers Group, Inc. (Class A | 0.99% | 0.06% |
| EMCOR Group, Inc. | 0.90% | 0.06% |
| M&T Bank Corporation | 0.92% | 0.06% |
| Northern Trust Corporation | 0.55% | 0.05% |
| NetApp, Inc. | 0.84% | 0.05% |
| Dover Corporation | 0.79% | 0.05% |
| Citizens Financial Group, Inc. | 0.45% | 0.05% |
| Cincinnati Financial Corporation | 0.88% | 0.04% |
| Expedia Group, Inc. | 0.97% | 0.04% |
| Only in SDVD | Only in SPYI |
|---|---|
| National HealthCare Corporation 1.12% | NVIDIA Corp 7.57% |
| First BanCorp. 1.04% | Apple Inc 6.59% |
| OFG Bancorp 1.03% | Microsoft Corp 4.32% |
| The Hanover Insurance Group, Inc. 1.01% | Amazon.com Inc 3.65% |
| Interparfums, Inc. 1.00% | Alphabet Inc 3.28% |
| Reinsurance Group of America, Incorporat 1.00% | Broadcom Inc 2.80% |
| Applied Industrial Technologies, Inc. 0.95% | Alphabet Inc 2.61% |
| PriceSmart, Inc. 0.95% | Micron Technology Inc 1.99% |
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 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SDVD | SPYI | SDVD | SPYI | SDVD | SPYI | |
| 3 months | −0.1% | +3.1% | 2.1% | 3.0% | −6.7 pts | +0.9 pts |
| 6 months | +8.3% | +14.4% | 4.4% | 6.5% | −4.3 pts | −3.6 pts |
| 1 year | +10.8% | +15.3% | 9.2% | 13.1% | −16.4 pts | −1.2 pts |
| 3 years | +53.0% | +57.2% | 30.7% | 38.6% | −0.7 pts | −21.2 pts |
| Since launch | +47.6% | +77.1% | 29.7% | 50.3% | −4.1 pts | −25.3 pts |
| SDVD FT Vest SMID Rising Dividend Achievers Target 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 | First Trust | 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 | 8.8% | 12.1% |
| Expense ratio | 0.85% | 0.68% |
| Cash paid, 1 year | 9.2% | 13.1% |
| Price change, 1 year | +1.2% | +1.2% |
| Total return, 1 year | +10.8% | +15.3% |
| Benchmark return, 1 year | +27.2% | +16.6% |
| Ahead or behind | −16.4 pts | −1.2 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 1135 days | 1480 days |
| Net assets | $888m | $12.2bn |
SDVD in plain words
Over the year to Sep 18, 2026, SDVD paid 9.2% of its starting value in cash distributions while its price rose 1.2%. With every distribution reinvested, the fund returned +10.8%. US dividend stocks (SCHD), used as the dividend proxy returned +27.2% over the same days, so a holder was behind by 16.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.8%, 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, SDVD or SPYI?
- Over the year to Sep 18, 2026, SDVD paid 9.2% 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, SDVD or SPYI?
- With every distribution reinvested, SDVD returned +10.8% and SPYI returned +15.3% over the year to Sep 18, 2026, so SPYI returned more.
- Which is cheaper, SDVD or SPYI?
- SDVD charges 0.85% 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, SDVD against SPYI, data as of Sep 18, 2026. https://etfiq.com/compare/income/sdvd-vs-spyi Free to use with attribution; the underlying files are at Open data.