- Dividend yield
- 12.04%
- Total return since launch
- +78%
- Average per year
- +15.2%
- Expense ratio
- 0.68%
- Fund size
- $11.7 billion
- Pays dividends
- monthly
From the TopDividendETFsPRO database, updated daily. Total return includes reinvested dividends.
What SPYI pays you
| Invested | Per month | Per year |
|---|---|---|
| $1,000 | $10.03 | $120 |
| $10,000 | $100 | $1,204 |
| $50,000 | $502 | $6,020 |
| $100,000 | $1,003 | $12,040 |
Plan it in the full calculator
Add monthly deposits, taxes, dividend growth and see every year.
How much you need in SPYI for a monthly income
| Monthly income goal | Invested in SPYI |
|---|---|
| $500 a month | $49,800 |
| $1,000 a month | $99,700 |
| $2,000 a month | $199,300 |
| $5,000 a month | $498,300 |
What reinvesting SPYI dividends could grow to
Starting with $10,000 and reinvesting every dividend (SPYI pays monthly), with and without adding $500 a month.
| After | $10,000 once | Income then | + $500/month | Income then |
|---|---|---|---|---|
| 5 years | $18,203 | $183/mo | $59,492 | $597/mo |
| 10 years | $33,135 | $332/mo | $149,581 | $1,501/mo |
| 20 years | $109,792 | $1,102/mo | $612,082 | $6,141/mo |
| 30 years | $363,793 | $3,650/mo | $2,144,571 | $21,517/mo |
About SPYI
SPYI was NEOS's first high-income ETF. It holds the stocks in the S&P 500 and sells call options on the S&P 500 index (SPX) to fund its monthly payouts. It may also buy SPX calls at higher strike prices, a call spread that lets the fund keep some upside in rising markets.
Because it uses SPX index options, the option gains and losses fall under Section 1256 and are taxed 60% long-term and 40% short-term. NEOS reports that SPYI's distributions have been classified as return of capital, and the fund also looks for tax loss harvesting opportunities.
Compared with its Nasdaq sibling QQQI, SPYI sits on a broader and less tech-heavy stock portfolio and has a longer track record, while usually paying a little less.
| Full name | NEOS S&P 500 High Income ETF |
| Issuer | NEOS Investments |
| Strategy | S&P 500 stocks plus a data-driven SPX index option strategy |
| Launched | August 29, 2022 |
| Expense ratio | 0.68% |
| Pays | monthly |
Want the full breakdown? Read our in-depth SPYI guide.
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SPYI FAQ
What is SPYI's dividend yield?
SPYI's dividend yield is currently 12.04%, based on the TopDividendETFsPRO database, which is updated daily.
How often does SPYI pay dividends?
SPYI pays monthly.
How much does $10,000 in SPYI pay per month?
At the current yield, about $100 a month on average, or $1,204 a year, assuming the yield stays the same.
How much do I need in SPYI to make $1,000 a month?
About $99,700 at the current yield.
What is SPYI's total return?
SPYI has returned +78% since it launched in 2022, with dividends reinvested, about +15.2% a year on average.
What is the difference between SPYI and QQQI?
SPYI uses the S&P 500 and SPX options, QQQI uses the Nasdaq-100 and NDX options. SPYI is broader and older, QQQI is more tech-heavy and usually yields more.
Sources
- NEOS: SPYI fund page
- Yield, total return, fund size and expense ratio: TopDividendETFsPRO.com database
For education only, not investment, tax or legal advice. Yields and distributions change and are not guaranteed. Past performance does not guarantee future results. Read the fund's prospectus before investing.