NEOS S&P 500 High Income ETF (SPYI) Performance
SPYI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.7% since Dec 31, 2025
- 1 year
- +13.6% total return
- 3 years
- +18.0% a year
- Since first price
- +14.8% a year since 2022
SPYI trailing returns vs SPY, QQQ, AGG
| Period | SPYI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −1.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.8% | +0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.5% | +1.3% | +7.8% | +8.4% | −1.5% |
| YTD | +10.7% | +0.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.6% | +0.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +64.2%+18.0%/yr | +13.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 30, 2022 | +77.2%+14.8%/yr | +7.2% | — | — | — |
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: SPYI vs SPY
From Aug 30, 2022: SPYI grew to $17,720, SPY to $20,183.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPYI returns by calendar year
3 of 3 full years positive. Best 2024 (+19.0%), worst 2025 (+16.7%). 2026 is year to date.
SPYI annual returns table
| Year | SPYI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.7% | −7.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.7% | −16.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.0% | −6.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.1% | −7.5% | +26.2% | +54.9% | +5.7% |
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.
SPYI largest drawdowns
Now 1.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −16.5% | Apr 8, 2025 | Jun 25, 2025 | 48 days | 4 months |
| Sep 12, 2022 | −10.2% | Sep 30, 2022 | Feb 1, 2023 | 18 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPYI risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +17.6% | +15.2% |
| Volatility (annualized) | 8.8% | 10.3% |
| Sharpe ratio | 1.41 | 1.02 |
| Sortino ratio | 2.56 | 1.59 |
| Best month | +7.2% | +7.2% |
| Worst month | −4.6% | −7.8% |
| Best 12 months | +25.2% | +25.2% |
| Worst 12 months | +7.4% | +7.4% |
| Positive months | 72% | 69% |
| Beta vs S&P 500 | 0.69 | — |
| Correlation with S&P 500 | 0.98 | — |
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.
SPYI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 39 | +7.4% | +15.7% | +25.2% | 100% |
| 3-year (a year) | 15 | +14.3% | +16.9% | +19.0% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
SPYI performance overview
NEOS S&P 500 High Income ETF (SPYI) returned +13.6% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +14.8% a year, turning $10,000 into about $17,720. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −16.5%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. SPYI finished 3 of its 3 full calendar years with a gain; the best year was 2024 (+19.0%) and the worst 2025 (+16.7%). Volatility has been 10.3% a year.
Related: SPYI chart, SPYI holdings, SPYI dividends, SPYI valuation. See the SPYI overview for the latest quote and fund facts.
SPYI performance FAQ
What is the SPYI return over the past year?
SPYI returned +13.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.8%.
How much would $10,000 invested in SPYI be worth?
$10,000 invested in SPYI at its first recorded close on August 30, 2022 would be worth about $17,720 on October 23, 2026 with distributions reinvested.
What was the worst year for SPYI?
The worst calendar year was 2025, with a total return of +16.7%. The best was 2024 at +19.0%.
What is the biggest drawdown of SPYI?
The largest peak-to-trough decline was −16.5% between February 19, 2025 and April 8, 2025. It recovered to the old high on June 25, 2025, 3 months after the bottom.
How volatile is SPYI?
Over the past 3 years SPYI had an annualized volatility of 8.8% and a Sharpe ratio of 1.41 (excess return over 1–3 month T-bills per unit of risk).