Data as of Nov 4, 2026.
SPYI vs XVSP: Dividend Yield & Total Return
SPYI and XVSP both write options for income.
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Net assets: $12.7bn on Oct 28, 2026 for NEOS S&P 500 High Income ETF, and $4.5m on Nov 3, 2026 for FT Vest SPCX & Target Income 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 SPCX
XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.
SPCX
−2.7%
XVSP
−2.2%
about even with SPCX
Total return, distributions reinvested
About even with SPCX
XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.
SPCX
−2.7%
XVSP
−2.2%
about even with SPCX
2.7% of it arrived as cash. Both charts share one scale, with zero at the line. XVSP since launch: paid 2.7%, price −4.6%, total −2.2%, SPCX −2.7%, +0.5 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
SPYI costs 0.17 points a year less; SPYI is far larger, $12.7bn against $3.8m.
Points (pts) are percentage points.
| Measure | SPYI | XVSP |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +14.0% | not published |
| Price change | rose 1.1% (1 year) | fell 4.6% (since Aug 26, 2026) |
| 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 | Space Exploration Technologies (SPCX) |
| Cost and size | ||
| Expense ratio | 0.68% | 0.85% |
| Net assets, as of Oct 28, 2026 | $12.7bn | $3.8m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, SPYI and XVSP hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 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 | XVSP | SPYI | XVSP | SPYI | XVSP |
| 3 months | +1.1% | – | 2.9% | – | +1.3 pts | – |
| 6 months | +5.8% | – | 6.0% | – | +0.7 pts | – |
| 1 year | +14.0% | – | 12.1% | – | −0.8 pts | – |
| 3 years | +62.0% | – | 39.3% | – | −20.9 pts | – |
| Since launchNot the same days: SPYI Aug 2022 · XVSP Aug 2026 | +78.5% | −2.2% | 51.3% | 2.7% | −25.2 pts | +0.4 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.
XVSP
Over the period from its first trade on Aug 26, 2026 to Nov 4, 2026, XVSP paid 2.7% of its starting value in cash distributions while its price fell 4.6%. With every distribution reinvested, the fund returned −2.2%. Space Exploration Technologies (SPCX) returned −2.7% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 16.6%, paid periodically. First Trust 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
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 XVSP, data as of Nov 4, 2026. https://etfiq.com/compare/income/spyi-vs-xvsp
ETFIQ. (Nov 4, 2026). SPYI against XVSP. Retrieved from https://etfiq.com/compare/income/spyi-vs-xvsp
[SPYI against XVSP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/spyi-vs-xvsp)
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