Data as of .
SPYI vs TPRY: which paid, and which earned it?
SPYI and TPRY both write options for income.
What they hold in common
By the books each fund has filed, SPYI and TPRY hold 24% of their money in the same securities at the same weight.
| Holding | SPYI | TPRY |
|---|---|---|
| Apple Inc | 7.52% | 4.91% |
| NVIDIA Corp | 8.28% | 4.39% |
| Amazon.com Inc | 3.82% | 12.40% |
| Alphabet Inc | 3.12% | 6.91% |
| Meta Platforms Inc | 2.22% | 5.35% |
| Micron Technology Inc | 1.74% | 13.23% |
| Broadcom Inc | 2.59% | 1.49% |
| Advanced Micro Devices Inc | 1.41% | 3.70% |
| Lam Research Corp | 0.55% | 4.08% |
| QUALCOMM Inc | 0.28% | 1.38% |
| Boeing Co/The | 0.24% | 4.30% |
| Uber Technologies Inc | 0.22% | 5.23% |
| Only in SPYI | Only in TPRY |
|---|---|
| Microsoft Corp 5.62% | Taiwan Semiconductor Manufacturing Co Ltd 8.48% |
| Alphabet Inc 2.50% | Alibaba Group Holding Ltd 4.46% |
| Tesla Inc 1.58% | Baidu Inc 3.72% |
| Berkshire Hathaway Inc 1.43% | American Airlines Group Inc 3.42% |
| JPMORGAN CHASE & CO. 1.43% | CoreWeave Inc 2.71% |
| Eli Lilly & Co 1.42% | ASML Holding NV 2.63% |
| ExxonMobil Holdings Corp 1.03% | MU US 10/16/26 C1090 0.47% |
| Johnson & Johnson 0.99% | META US 10/16/26 P655 0.16% |
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 Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SPYI | TPRY | SPYI | TPRY | SPYI | TPRY | |
| 3 months | +3.1% | −5.9% | 3.0% | 3.5% | +0.9 pts | −8.2 pts |
| 6 months | +14.4% | +11.9% | 6.5% | 8.1% | −3.6 pts | −6.1 pts |
| 1 year | +15.3% | not published | 13.1% | not published | −1.2 pts | not published |
| 3 years | +57.2% | not published | 38.6% | not published | −21.2 pts | not published |
| Since launch | +77.1% | +2.1% | 50.3% | 7.4% | −25.3 pts | −9.3 pts |
| SPYI NEOS S&P 500(R) High Income ETF Option income on SPY, paying monthly | TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF Covered call on SPY, paying monthly | |
|---|---|---|
| Issuer | NEOS | VistaShares |
| Strategy | option income | covered call |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | monthly |
| Payout rate, annualized | 12.1% | 15.3% |
| Expense ratio | 0.68% | 0.95% |
| Cash paid, 1 year | 13.1% | 7.4% (since launch on Feb 26, 2026) |
| Price change, 1 year | +1.2% | −5.4% |
| Total return, 1 year | +15.3% | +2.1% (since launch on Feb 26, 2026) |
| Benchmark return, 1 year | +16.6% | +11.4% |
| Ahead or behind | −1.2 pts | −9.3 pts |
| Return of capital, latest estimate | 93% | not published |
| Age | 1480 days | 204 days |
| Net assets | $12.2bn | $4m |
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).
TPRY in plain words
Over the period since launch on Feb 26, 2026 to Sep 18, 2026, TPRY paid 7.4% of its starting value in cash distributions while its price fell 5.4%. With every distribution reinvested, the fund returned +2.1%. S&P 500 (SPY), used as a default proxy returned +11.4% over the same days, so a holder was behind by 9.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 15.3%, paid monthly.
Questions people ask
- Which is cheaper, SPYI or TPRY?
- SPYI charges 0.68% a year and TPRY charges 0.95%, 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, SPYI against TPRY, data as of Sep 18, 2026. https://etfiq.com/compare/income/spyi-vs-tpry Free to use with attribution; the underlying files are at Open data.