Data as of .
SPUT vs XSPI: which paid, and which earned it?
SPUT and XSPI both write options for income.
What they hold in common
By the books each fund has filed, SPUT and XSPI hold 49% of their money in the same securities at the same weight.
| Holding | SPUT | XSPI |
|---|---|---|
| NVIDIA Corp | 3.85% | 8.50% |
| Apple Inc | 3.22% | 7.83% |
| Microsoft Corp | 2.47% | 5.80% |
| Amazon.com Inc | 2.09% | 3.94% |
| Alphabet Inc | 1.84% | 3.24% |
| Broadcom Inc | 1.60% | 2.65% |
| Alphabet Inc | 1.59% | 2.57% |
| Meta Platforms Inc | 1.10% | 2.25% |
| Tesla Inc | 0.91% | 1.59% |
| JPMorgan Chase & Co | 0.70% | 1.47% |
| Eli Lilly & Co | 0.65% | 1.42% |
| Exxon Mobil Corp | 0.54% | 1.08% |
| Only in SPUT | Only in XSPI |
|---|---|
| TREASURY BILL 49.24% | SPX US 10/16/26 C7500 1.39% |
| Bank of New York Mellon Corp/T 0.08% | Goldman Sachs Group Inc/The 0.43% |
| MercadoLibre Inc 0.07% | Bank of New York Mellon Corp/The 0.16% |
| Spotify Technology SA 0.06% | Honeywell Aerospace Inc 0.07% |
| Cloudflare Inc 0.05% | Moderna Inc 0.07% |
| Bloom Energy Corp 0.05% | NXP Semiconductors NV 0.07% |
| Cheniere Energy Inc 0.05% | Vivmark Residential 0.06% |
| Anglogold Ashanti Plc 0.04% | M&T Bank Corp 0.05% |
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 Apr 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SPUT | XSPI | SPUT | XSPI | SPUT | XSPI | |
| 3 months | +2.4% | +3.7% | 1.1% | 4.2% | +0.1 pts | +1.4 pts |
| 6 months | +11.5% | +20.0% | 2.5% | 9.2% | −6.5 pts | +1.9 pts |
| 1 year | +11.5% | not published | 5.2% | not published | −5.1 pts | not published |
| Since launch | +22.4% | +11.6% | 8.5% | 11.1% | −15.6 pts | +0.2 pts |
| SPUT Innovator Equity Premium Income - Daily PutWrite ETF Covered call on SPY, paying monthly | XSPI NEOS Boosted S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | Innovator | NEOS |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 4.7% | 17.1% |
| Expense ratio | 0.79% | 0.98% |
| Cash paid, 1 year | 5.2% | 11.1% (since launch on Feb 3, 2026) |
| Price change, 1 year | +6.0% | −0.3% |
| Total return, 1 year | +11.5% | +11.6% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +16.6% | +11.3% |
| Ahead or behind | −5.1 pts | +0.2 pts |
| Return of capital, latest estimate | not published | 99% |
| Age | 553 days | 227 days |
| Net assets | $17m | $113m |
SPUT in plain words
Over the year to Sep 18, 2026, SPUT paid 5.2% of its starting value in cash distributions while its price rose 6.0%. With every distribution reinvested, the fund returned +11.5%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 5.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 4.7%, paid monthly.
XSPI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XSPI paid 11.1% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +11.6%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 17.1%, paid monthly. NEOS estimates that 99% of the distribution paid Jul 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, SPUT or XSPI?
- SPUT charges 0.79% a year and XSPI charges 0.98%, so SPUT 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, SPUT against XSPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/sput-vs-xspi Free to use with attribution; the underlying files are at Open data.