Data as of Nov 4, 2026.
SPYI vs XDTE: Dividend Yield & Total Return
Over the year to Nov 4, 2026, XDTE paid 25.5% of its price in cash against SPYI’s 12.1%, and returned more with it reinvested.
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Net assets: $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF, and $321m on Nov 4, 2026 for Roundhill S&P 500 0DTE Covered Call Strategy ETF.
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%
12.1% as cash
0.8 pts behind SPY
12.1% of it arrived as cash. Total return, distributions reinvested. SPYI over 1 year: paid 12.1%, price +1.1%, total +14.0%, SPY +14.8%, −0.8 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.About even with SPY
XDTE over 1 year: paid 25.5%, price −13.2%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.
SPY
+14.8%
XDTE
+14.6%
25.5% of it arrived as cash
about even with SPY
Total return, distributions reinvested
About even with SPY
XDTE over 1 year: paid 25.5%, price −13.2%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.
SPY
+14.8%
XDTE
+14.6%
25.5% as cash
about even with SPY
25.5% of it arrived as cash. Both charts share one scale, with zero at the line. XDTE over 1 year: paid 25.5%, price −13.2%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
SPYI costs 0.29 points a year less; their one-year returns differ by 0.6 points; SPYI is far larger, $12.7bn against $322m.
Points (pts) are percentage points.
| Measure | SPYI | XDTE |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +14.0% | +14.6% |
| Price change, 1 year | rose 1.1% | fell 13.2% |
| Return of capital, issuer estimate | 99% of the Oct 23, 2026 payment | 100% of the Oct 30, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.68% | 0.97% |
| Net assets, as of Oct 28, 2026 | $12.7bn | $322m |
| Holdings | ||
| Holdings in common | 0% | |
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
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 →
Risk and return
Mar 15, 2024 to Oct 30, 2026 · 137 weekly returns · each against SPYFrom Mar 2024 to Oct 2026, XDTE returned slightly more: +46.1% to +44.9%. SPYI swung slightly less: 11.9% to 13.2%. SPYI fell less at its worst: −14.8% to −16.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SPYI | XDTE | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +44.9% | +46.1% | XDTE (slight) | Price change plus distributions, reinvested. | |
| Annualized | +15.1% | +15.5% | XDTE (slight) | Total return as a yearly rate. | |
| Price return | +5.0% | −28.0% | SPYI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 11.9% | 13.2% | SPYI (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 8.0% | 9.3% | SPYI | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −14.8% | −16.7% | SPYI | Deepest fall from a high to the low after it. | |
| Upside capture | 72.0% | 83.4% | 100.0% | XDTE | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 81.4% | 91.0% | 100.0% | SPYI | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.81 | 0.87 | 1.00 | SPYI lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.97 | 0.92 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.88 | 0.83 | SPYI (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.31 | 1.19 | SPYI (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.130 | 0.127 | 0.128 | SPYI (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.02 | 0.93 | SPYI (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +0.2% a year | −0.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.13 | −0.05 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.4% to +2.7% | −4.8% to +4.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.67 | −0.43 | XDTE | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.5% | 4.3% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 137 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPYI and XDTE hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | SPYI | XDTE | SPYI | XDTE | SPYI | XDTE |
| 3 months | +1.1% | +1.0% | 2.9% | 4.2% | +1.3 pts | +1.2 pts |
| 6 months | +5.8% | +5.5% | 6.0% | 9.3% | +0.7 pts | +0.5 pts |
| 1 year | +14.0% | +14.6% | 12.1% | 25.5% | −0.8 pts | −0.2 pts |
| 3 years | +62.0% | – | 39.3% | – | −20.9 pts | – |
| Since launchNot the same days: SPYI Aug 2022 · XDTE Mar 2024 | +78.5% | +47.4% | 51.3% | 60.8% | −25.2 pts | −6.4 pts |
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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.
XDTE
Over the year to Nov 4, 2026, XDTE paid 25.5% of its starting value in cash distributions while its price fell 13.2%. With every distribution reinvested, the fund returned +14.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 12.4%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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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.
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ETFIQ, SPYI against XDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/spyi-vs-xdte
ETFIQ. (Nov 4, 2026). SPYI against XDTE. Retrieved from https://etfiq.com/compare/income/spyi-vs-xdte
[SPYI against XDTE (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/spyi-vs-xdte)
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