NEOS S&P 500 Hedged Equity Income ETF (SPYH) Performance
SPYH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.1% since Dec 31, 2025
- 1 year
- +10.3% total return
- Since first price
- +30.9% since 2025
SPYH trailing returns vs SPY, QQQ, AGG
| Period | SPYH total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.4% | −0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.3% | +1.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.2% | +2.1% | +7.8% | +8.4% | −1.5% |
| YTD | +8.1% | +2.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.3% | +2.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 3, 2025 | +30.9% | +16.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPYH vs SPY
From Apr 3, 2025: SPYH grew to $13,094, SPY to $14,395.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPYH returns by calendar year
2026 is year to date.
SPYH annual returns table
| Year | SPYH | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.1% | −6.0% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPYH risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +18.8% |
| Volatility (annualized) | 7.2% |
| Sharpe ratio | 1.92 |
| Sortino ratio | 4.06 |
| Best month | +5.3% |
| Worst month | −3.6% |
| Best 12 months | +20.9% |
| Worst 12 months | +11.2% |
| Positive months | 82% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPYH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 7 | +9.2% | +13.9% | +20.9% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
SPYH performance overview
NEOS S&P 500 Hedged Equity Income ETF (SPYH) returned +10.3% over the past year, with distributions reinvested. Since its first recorded price on Apr 3, 2025 it has returned +30.9%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: SPYH chart, SPYH holdings, SPYH dividends, SPYH valuation. See the SPYH overview for the latest quote and fund facts.
SPYH performance FAQ
What is the SPYH return over the past year?
SPYH returned +10.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 2.7%.
How much would $10,000 invested in SPYH be worth?
$10,000 invested in SPYH at its first recorded close on April 3, 2025 would be worth about $13,094 on October 23, 2026 with distributions reinvested.
How volatile is SPYH?
Over the past history SPYH had an annualized volatility of 7.2% and a Sharpe ratio of 1.92 (excess return over 1–3 month T-bills per unit of risk).