Data as of .
SPYI vs TSPY: which paid, and which earned it?
Over the year TSPY paid 14.1% of its price in cash against SPYI’s 13.1% and the two finished level on total return.
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, SPYI and TSPY hold 0% of their money in the same securities at the same weight.
| Only in SPYI | Only in TSPY |
|---|---|
| NVIDIA Corp 8.28% | Vanguard S&P 500 ETF 100.00% |
| Apple Inc 7.52% | |
| Microsoft Corp 5.62% | |
| Amazon.com Inc 3.82% | |
| Alphabet Inc 3.12% | |
| Broadcom Inc 2.59% | |
| Alphabet Inc 2.50% | |
| Meta Platforms Inc 2.22% |
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 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SPYI | TSPY | SPYI | TSPY | SPYI | TSPY | |
| 3 months | +3.1% | +2.3% | 3.0% | 3.5% | +0.9 pts | 0.0 pts |
| 6 months | +14.4% | +16.4% | 6.5% | 7.6% | −3.6 pts | −1.6 pts |
| 1 year | +15.3% | +15.1% | 13.1% | 14.1% | −1.2 pts | −1.5 pts |
| 3 years | +57.2% | not published | 38.6% | not published | −21.2 pts | not published |
| Since launch | +77.1% | +37.3% | 50.3% | 28.7% | −25.3 pts | −4.0 pts |
| SPYI NEOS S&P 500(R) High Income ETF Option income on SPY, paying monthly | TSPY TappAlpha S&P 500 Growth & Daily Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | NEOS | TappAlpha |
| Strategy | option income | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 12.1% | 14.0% |
| Expense ratio | 0.68% | 0.77% |
| Cash paid, 1 year | 13.1% | 14.1% |
| Price change, 1 year | +1.2% | −0.1% |
| Total return, 1 year | +15.3% | +15.1% |
| Benchmark return, 1 year | +16.6% | +16.6% |
| Ahead or behind | −1.2 pts | −1.5 pts |
| Return of capital, latest estimate | 93% | not published |
| Age | 1480 days | 764 days |
| Net assets | $12.2bn | $311m |
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).
TSPY in plain words
Over the year to Sep 18, 2026, TSPY paid 14.1% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +15.1%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was behind by 1.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 14.0%, paid monthly.
Questions people ask
- Which paid more, SPYI or TSPY?
- Over the year to Sep 18, 2026, SPYI paid 13.1% of its starting price in cash and TSPY paid 14.1%, so TSPY paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, SPYI or TSPY?
- With every distribution reinvested, SPYI returned +15.3% and TSPY returned +15.1% over the year to Sep 18, 2026, so SPYI returned more.
- Which is cheaper, SPYI or TSPY?
- SPYI charges 0.68% a year and TSPY charges 0.77%, 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 TSPY, data as of Sep 18, 2026. https://etfiq.com/compare/income/spyi-vs-tspy Free to use with attribution; the underlying files are at Open data.