NEOS S&P 500 High Income ETF (SPYI)
| Assets | $8.05B |
| Expense Ratio | 0.68% |
| PE Ratio | 27.07 |
| Shares Out | 154.04M |
| Dividend (ttm) | $6.17 |
| Dividend Yield | 11.84% |
| Ex-Dividend Date | Feb 18, 2026 |
| Payout Ratio | 320.55% |
| 1-Year Return | +2.76% |
| Volume | 3,416,365 |
| Open | 51.88 |
| Previous Close | 52.29 |
| Day's Range | 51.75 - 52.12 |
| 52-Week Low | 41.60 |
| 52-Week High | 53.38 |
| Beta | 0.70 |
| Holdings | 510 |
| Inception Date | Aug 30, 2022 |
About SPYI
Fund Home PageThe NEOS S&P 500 High Income ETF (SPYI) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is issued by Neos.
Top 10 Holdings
36.54% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 7.52% |
| Apple Inc. | AAPL | 6.78% |
| Microsoft Corporation | MSFT | 5.01% |
| Amazon.com, Inc. | AMZN | 3.41% |
| Alphabet Inc. | GOOGL | 3.00% |
| Broadcom Inc. | AVGO | 2.54% |
| Meta Platforms, Inc. | META | 2.40% |
| Alphabet Inc. | GOOG | 2.40% |
| Tesla, Inc. | TSLA | 1.93% |
| Berkshire Hathaway Inc. | BRK.B | 1.55% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 18, 2026 | $0.5219 | Feb 20, 2026 |
| Jan 21, 2026 | $0.5309 | Jan 23, 2026 |
| Dec 24, 2025 | $0.53163 | Dec 26, 2025 |
| Nov 26, 2025 | $0.5216 | Nov 28, 2025 |
| Oct 22, 2025 | $0.5268 | Oct 24, 2025 |
| Sep 24, 2025 | $0.527 | Sep 26, 2025 |
News
SPYI Continues To Deliver Double Digit Yields With Capital Appreciation
NEOS S&P 500 High Income ETF offers a compelling blend of high monthly income and potential equity appreciation, outperforming risk-free assets as yields decline. SPYI has delivered 42 consecutive mon...
Retire Like A King With A $500,000 Portfolio (Outside Of The U.S.)
A $500,000 portfolio using a 4-fund approach can generate ~$50,000 in annual dividend income, enabling a comfortable retirement abroad. Core holdings—SPYI, QQQI, MAIN, and DNP—blend index exposure, op...
Covered Call ETFs Look Perfect Until You Notice This Potential Fatal Flaw
The income looks irresistible, but the math tells a different story. A hidden risk could quietly erode long-term wealth. Why retirees may be better off skipping - or at the very least strictly limitin...
SPYI Vs. JEPI: One Is A Clear Buy, The Other Is Just A Hold
SPYI is rated 'Buy' versus 'Hold' for JEPI, driven by superior risk/reward and tax efficiency. SPYI's passively managed, tech-heavy portfolio and bullish call spread strategy capture more upside in st...
The Dark Side Of High-Yield Investing Few Retirees Understand
Many retirees invest in high-yielding funds where the income looks irresistible, but the risk is hiding in plain sight. One overlooked factor can quietly destroy long-term retirement income. There is ...
A Near-Perfect Buy-And-Hold Dividend Growth Portfolio For Retirement
Most investors think they must choose between dividend growth and mega-cap tech, but this setup breaks that rule. One overlooked ETF combination quietly solves a major retirement problem. The balance ...
My Dividend Growth Income: January 2026 Update
January delivered a robust 2.47% monthly increase in forward dividend income, reaching $6,442.40 and positioning the portfolio ahead of 2026 growth targets. Initiated a new position in Agree Realty fo...
I've Never Been More Bullish On Covered Call ETFs Than Now (But With One Caveat)
The market seems to be increasingly punctuated by notable volatility spikes, while the broad indices (and AI names) struggle to justify their valuations. This is the necessary setup for covered call E...
SPYI Vs. QQQI: Why I Prefer The SP500-Based Covered Fund
The combination of low volatility and high valuation risks make QQQI and SPYI timely as a hedge. Current realized and implied volatilities for both SPY and QQQ are unusually low, signaling complacency...
3 Monthly Dividend Payers I'm Buying Right Now
3 Monthly Dividend Payers I'm Buying Right Now
Why Letter 'L' Is The Biggest Risk For Covered Call ETF Income
Covered call ETFs play an increasingly more important role for income investors and their cash flows. These products come with several risks, but most of them should be acceptable for those who seek s...
TSPY Vs. SPYI: Why This 0DTE Fund Might Be Even Better Than SPYI
TappAlpha SPY Growth & Daily Income ETF earns a Strong Buy rating for its superior yield and S&P 500 upside capture versus SPYI. TSPY delivers 13-14% yields and better total returns than SPYI, though ...
If I Were Starting A Dividend Portfolio In 2026, Here's How I Would Invest
Dividend investing is increasingly vital amid higher rates and inflation, offering passive income and wealth compounding for retirement. Anchoring a portfolio with quality dividend ETFs like SCHD, FDV...
How A $600,000 Portfolio Can Produce $5,000 In Monthly Dividends
A $600,000 portfolio split equally among GPIX, GPIQ, SPYI, and QQQI can generate ~$5,387 in monthly income with ~10.7% yield. Covered call ETFs provide direct equity exposure to S&P 500 and Nasdaq-100...
SPYI: Why I Am Betting Big On This Covered Call ETF In 2026
The NEOS S&P 500 High ETF (SPYI) offers compelling tech exposure and strong income potential, especially as rate cuts loom in 2026. SPYI's high concentration in Magnificent 7 stocks and a 0.68% expens...
SPYI Vs. JEPI: The Winner Has Finally Been Determined
SPYI (Neos S&P 500 High-Income ETF) has decisively outperformed JEPI in total return, yield, and distribution stability over the past 3+ years. SPYI captured 98% of S&P 500 upside in 2025 versus JEPI'...
My Dividend Growth Income - December 2025 Update
I increased my forward projected dividend income by $86.77 (1.4%) in December, reaching $6,289.66. My portfolio strategy blends high-growth names like Broadcom (AVGO), Microsoft, and Visa with high-yi...
SPYI: Don't Chase This Large Distribution Yield Either
NEOS S&P 500 High Income ETF lacks downside protection despite appealing to retirees seeking high income. SPYI, like QQQI, faces distribution issues that undermine its suitability for retirement-focus...
SPYI: Full-Year Performance Shows The Fund's Strategy Is Working Better Now
NEOS S&P 500 High Income ETF earns a reiterated strong buy rating for its impressive balance of income and total returns. SPYI captured nearly all S&P 500 upside over the past year, delivering a 14.53...
SPYI: Final Distributions Are In, 94% Return Of Capital
NEOS S&P 500 High Income ETF continues to deliver strong income and capital appreciation, justifying a maintained buy rating. SPYI achieved a 17.31% total return and nearly a 12% distribution rate, wi...
The Blueprint To Navigate Option ETFs Through 2026
I expect S&P 500 and tech-driven indexes to trend higher into 2026, though volatility will persist due to elevated valuations. Index-linked option ETFs with OTM strategies and sustainable yields offer...
Avoid The High-Yield Fund Trap: My Blueprint For High Yield And High Returns
Retiring on passive income from dividends is a great way to reduce sequence of returns risk. Many investors generate this income from a basket of high-yield CEFs and ETFs. However, this strategy comes...
Undercovered Dozen: USA Rare Earth, Santacruz Silver, Western Midstream, Visa And More
The Undercovered Dozen spotlights 12 lesser-known stocks and funds with compelling investment theses and recent developments. This week's edition covers articles published between Nov. 28 and Dec. 4, ...