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ETFs

NEOS S&P 500 High Income ETF

SPYI
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 30, 2022
Expense Ratio
0.68%
Type
US Equities
Fund Owner
NEOS Funds
Volume (1m avg. daily)
$9,575,805
AUM
$326,737,488
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
7.26%
MSFT
Microsoft Corporation
6.6%
AMZN
Amazon.com Inc.
3.26%
NVDA
NVIDIA Corp
2.92%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
2.19%
GOOG
Alphabet Inc - Ordinary Shares - Class C
1.9%
TSLA
Tesla Inc
1.88%
META
Meta Platforms Inc - Ordinary Shares - Class A
1.85%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
1.78%
XOM
Exxon Mobil Corp.
1.32%
Invest with SPYI
Trade SPYI Options

What is SPYI?

The Fund seeks to distribute high monthly income generated from investing in the constituents of the S&P 500 Index and implementing a data-driven call option strategy. Actively managed by NEOS, the Fund seeks to take advantage of tax loss harvesting opportunities in addition to utilizing SPX Index options classified as section 1256 contracts, which are subject to lower 60/40 tax rates. The Fund utilizes a call option strategy that may include both sold and purchased SPX index options, which may provide the opportunity for upside capture in rising equity markets

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

SPYI
Performance Measures**

for the time period Aug 30, 2022 to Dec 5, 2025

Returns

1M Trailing Return: 1.6%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 5.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -16.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 13.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 1.15

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.93

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSPYI

ETFs correlated to SPYI include GAUG, XAUG, GJUL

SPYI
NEOS ETF Trust - NEOS S&P 500 High Income ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
STRV
EA Series Trust - Strive 500 ETF
GMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - March
FNOV
First Trust Exchange-Traded Fund VIII - First Trust Cboe Vest U.S. Equity Buffer ETF - November
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toSPYI

Neos+YieldMax 5dCR Top 1 (Needs QQQI) | PWN

Category

Momentum rotation, option-income ETFs, YieldMax, NEOS, daily rebalance, single position, high turnover

OOS Cumulative Return

67.31%

Vox's Cockroach Portfolio - Short BT/Live Run

Category

Tactical multi-asset, trend-following, mean-reversion, volatility hedging, leveraged ETFs, commodities, bonds, income

OOS Cumulative Return

27.82%

Create your own algorithmic trading strategy with SPYI using Composer

FAQ

SPYI is a US Equities ETF. The Fund seeks to distribute high monthly income generated from investing in the constituents of the S&P 500 Index and implementing a data-driven call option strategy. Actively managed by NEOS, the Fund seeks to take advantage of tax loss harvesting opportunities in addition to utilizing SPX Index options classified as section 1256 contracts, which are subject to lower 60/40 tax rates. The Fund utilizes a call option strategy that may include both sold and purchased SPX index options, which may provide the opportunity for upside capture in rising equity markets

Yes, SPYI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, SPYI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPYI is -0.0013%. This is the percent change in the value of SPYI over the most recent 1-month period. The 3-month return on SPYI is -0.0034%. This is the percent change in the value of SPYI over the most recent 3-month period.

The standard deviation of SPYI for the past year is 0.1369%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPYI include QQH, RODM, and MOTI.

ETFs correlated to SPYI include GAUG, XAUG, and GJUL.

ETFs that are inversely correlated to SPYI include SPDN, SH, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.