Which paid more, SIXH or SPYI?

Over the year to Nov 4, 2026, SIXH paid 2.1% of its starting price in cash and SPYI paid 12.1%, 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, SIXH or SPYI?

With every distribution reinvested, SIXH returned +23.5% and SPYI +14.0% over the year to Nov 4, 2026.

Which is cheaper, SIXH or SPYI?

SIXH charges 0.69% a year and SPYI charges 0.68%, so SPYI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

SIXH vs SPYI: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, SPYI paid 12.1% of its price in cash against SIXH’s 2.1%, though SIXH returned more with it reinvested.

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Net assets: $603m on Aug 31, 2026 for ETC 6 Meridian Hedged Equity-Index Option Strategy ETF, and $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF.

SIXH on its own →SPYI on its own →

At a glance

2.1%

SIXH cash paid, 1 year

12.1%

SPYI cash paid, 1 year

+23.5%

SIXH total return, 1 year

+14.0%

SPYI total return, 1 year

SIXH · 1 year to Nov 4, 2026 5.5 pts ahead of its own holdings

SIXH

+23.5%

Own

+18.0%

5.5 pts ahead of its own holdings

SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

its own holdings

+18.0%

SIXH

+23.5%

5.5 pts ahead of its own holdings

Total return, distributions reinvested

5.5 pts ahead of its own holdings

SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. Data to Nov 4, 2026.

its own holdings

+18.0%

SIXH

+23.5%

2.1% of it arrived as cash. Total return, distributions reinvested. SIXH over 1 year: paid 2.1%, price +21.2%, total +23.5%, its own holdings +18.0%, +5.5 pts. 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%

0.8 pts behind SPY

12.1% of it arrived as cash. Both charts share one scale, 0 to +23.5%. 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 +23.5%. Data to Nov 4, 2026.

Pair scorecard

SPYI costs 0.01 points a year less; their one-year returns differ by 9.5 points.

Points (pts) are percentage points.

SIXH vs SPYI: Dividend Yield & Total Return
Measure	SIXH	SPYI
Paid and earned
Measure	SIXH	SPYI
Total return, 1 year	+23.5%	+14.0%
Price change, 1 year	rose 21.2%	rose 1.1%
Return of capital, issuer estimate		99% of the Oct 23, 2026 payment
Against its benchmark
Measure	SIXH	SPYI
Benchmark	its own holdings	S&P 500, measured through SPY
Cost and size
Measure	SIXH	SPYI
Expense ratio	0.69%	0.68%
Net assets, SIXH as of Aug 31, 2026 and SPYI as of Oct 28, 2026	$603m	$12.7bn
Holdings
Measure	SIXH	SPYI
Holdings in common	23%

ETFIQ Distribution Coverage Score · SIXH scores higher How much of what it paid out did its total return cover?

IQ Income Score98.5SIXH68.6SPYI

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

SIXH 98.5

SPYI 68.6

0.3, the lowest in this set 99.7, the highest

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 →

Method

Risk and return

Sep 9, 2022 to Oct 30, 2026 · 216 weekly returns

SIXH SPYI

Return

Total return edge SPYI (slight) +67.1% +73.6%

Annualized edge SPYI (slight) +13.2% +14.2%

Price return edge SIXH +53.7% +5.0%

Risk

Volatility edge SIXH 8.5% 11.8%

Max drawdown edge SIXH −7.3% −14.8%

Risk-adjusted

Sharpe edge SIXH 0.97 0.80

Sortino edge SIXH 1.49 1.17

Calmar edge SIXH 1.80 0.96

Reading

From Sep 2022 to Oct 2026, SPYI returned slightly more: +73.6% to +67.1%. SIXH swung less: 8.5% to 11.8%. SIXH fell less at its worst: −7.3% to −14.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SIXH vs SPYI: Dividend Yield & Total Return
Measure	SIXH	SPYI	Edge	How it is measured
Return
Total return	+67.1%	+73.6%	SPYI (slight)	Price change plus distributions, reinvested.
Annualized	+13.2%	+14.2%	SPYI (slight)	Total return as a yearly rate.
Price return	+53.7%	+5.0%	SIXH	Price change alone, distributions left out.
Risk
Volatility	8.5%	11.8%	SIXH	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	5.5%	8.1%	SIXH	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−7.3%	−14.8%	SIXH	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.97	0.80	SIXH	Return above Treasury bills per unit of volatility.
Sortino	1.49	1.17	SIXH	Return above Treasury bills per unit of downside deviation.
Calmar	1.80	0.96	SIXH	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 216 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

23%

By the books each fund has filed, SIXH and SPYI hold 23% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

23% in common

Positions both hold · largest shared weight first SIXH SPYI

MICRON TECHNOLOGY, INC. 2.85% 1.46%

NVIDIA CORPORATION 1.34% 7.67%

META PLATFORMS, INC. 1.26% 2.07%

APPLE INC. 1.25% 7.40%

ADVANCED MICRO DEVICES, INC. 1.21% 1.21%

AMAZON.COM, INC. 1.17% 3.76%

ALPHABET INC. 1.16% 2.49%

EXXONMOBIL HOLDINGS CORPORATION 1.26% 1.12%

JOHNSON & JOHNSON 2.54% 0.98%

WALMART INC. 2.31% 0.83%

COSTCO WHOLESALE CORPORATION 2.42% 0.68%

CISCO SYSTEMS, INC. 1.16% 0.63%

Only in one fund ↓

Only in SIXH

SPDR S&P 500 ETF Trust 4.95%

ELI LILLY AND COMPANY 2.46%

U.S. BANCORP 2.39%

MEDTRONIC PUBLIC LIMITED COMPANY 1.30%

Only in SPYI

Microsoft Corp 5.90%

Broadcom Inc 2.41%

Alphabet Inc 2.02%

Eli Lilly & Co 1.72%

Tesla Inc 1.72%

Berkshire Hathaway Inc 1.55%

JPMORGAN CHASE & CO. 1.37%

Visa Inc 1.06%

Check overlap with more funds →

Side by side

SIXH ETC 6 Meridian Hedged Equity-Index Option Strategy ETF · Option income on its own holdings, paying monthly SPYI NEOS S&P 500 High Income ETF · Option income on SPY, paying monthly

Issuer Exchange Traded Concepts NEOS

Strategy option income option income

Benchmark SIXH's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Aug 31, 2026) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 3.2% 11.5%

Expense ratio 0.69% 0.68%

Cash paid, 1 year 2.1% 12.1%

Price change, 1 year +21.2% +1.1%

Total return, 1 year +23.5% +14.0%

Benchmark return, 1 year +18.0% +14.8%

Ahead or behind +5.5 pts −0.8 pts

Return of capital, latest estimate not published 99%

Age 6.5 years 4.2 years

Net assets, SIXH as of Aug 31, 2026 and SPYI as of Oct 28, 2026 $603m $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: SIXH vs SPYI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	SIXH	SPYI	SIXH	SPYI	SIXH	SPYI
3 months	+6.0%	+1.1%	0.5%	2.9%	+1.8 pts	+1.3 pts
6 months	+10.3%	+5.8%	1.0%	6.0%	+3.5 pts	+0.7 pts
1 year	+23.5%	+14.0%	2.1%	12.1%	+5.5 pts	−0.8 pts
3 years	+47.6%	+62.0%	6.8%	39.3%	not measured	−20.9 pts
Since launchNot the same days: SIXH May 2020 · SPYI Aug 2022	+104.1%	+78.5%	16.7%	51.3%	not measured	−25.2 pts

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About each fund

SIXH

Over the year to Nov 4, 2026, SIXH paid 2.1% of its starting value in cash distributions while its price rose 21.2%. With every distribution reinvested, the fund returned +23.5%. SIXH's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Aug 31, 2026) returned +18.0% over the same days, so a holder was ahead by 5.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.2%, paid monthly.

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). That is a tax label, not a measure of erosion.

Questions people ask

Which paid more, SIXH or SPYI?: Over the year to Nov 4, 2026, SIXH paid 2.1% of its starting price in cash and SPYI paid 12.1%, 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, SIXH or SPYI?: With every distribution reinvested, SIXH returned +23.5% and SPYI +14.0% over the year to Nov 4, 2026.
Which is cheaper, SIXH or SPYI?: SIXH charges 0.69% a year and SPYI charges 0.68%, so SPYI is cheaper. Fees come from each fund's prospectus.

Other comparisons

SIXH vs DIVO SIXH vs GPIX SIXH vs JEPI SIXH vs XYLD SPYI vs YMAX SPYI vs YYY SPYI vs KYLD SPYI vs ULTY

Where to next

S&P 500 (SPY) →SIXH on its own →SPYI on its own →SIXH dividend history →SIXH holdings →SPYI dividend history →SPYI holdings →Method →Standards and sources →

Sources and dates

SIXH filings on SEC EDGAR ↗

SIXH prospectus with the expense ratio (SEC) ↗

Exchange Traded Concepts website ↗

SPYI filings on SEC EDGAR ↗

SPYI prospectus with the expense ratio (SEC) ↗

SPYI 19a-1 distribution notice ↗

NEOS page for SPYI ↗

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.

Cite this pageCitation, APA and Markdown

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

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