Neos S&P 500(R) High Income ETF (SPYI) is a US dividend ETF. As of October 28, 2026, ETF Copilot scores SPYI 7.0 out of 10 — highest on Risk (9.4), lowest on Return (4.2). It trades at 24.8 times earnings, against its own median of 25.3. Its ten largest holdings are 38% of the fund.
What stands out in SPYI's data
S&P 500 with covered calls, generating income from options premiums.
Trades at a richer price than similar income funds — the options strategy is what you pay for.
Trailing P/E multiple of 24.8x sits above the 18.8x peer median. The fund also earns a 26.6% return on invested capital.
The income engine of a U.S. equity allocation, built on options premiums from the S&P 500.
How is SPYI rated? ETF Copilot scores Neos S&P 500(R) High Income ETF (SPYI) 7.0 out of 10
As of October 28, 2026, ETF Copilot scores Neos S&P 500(R) High Income ETF (SPYI) 7.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 7.0 / 10
- Growth: 7.8 / 10
- Value: 6.0 / 10
- Risk: 9.4 / 10
- Quality: 8.8 / 10
- Return: 4.2 / 10
Is SPYI expensive right now? It trades at 24.8 times earnings, against its own median of 25.3
As of October 28, 2026, SPYI is cheaper than 59% of its own last 4 years.
Trailing 12 months, built from SPYI's holdings. How we calculate this →
What's inside SPYI? 43% Tech
What's inside SPYI: Size (Large 94%, Mid 5%, Small 2%); Geography (International 3%, US 98%); Tech 43.4%; Magnificent 7 33.8%; AI 23.3%; Semiconductors 16.9%; Memory 14.3%.
What are SPYI's top holdings? The ten largest are 38% of the fund
More concentrated than 60% of Dividend US ETFs.
Half of SPYI's weight sits in its 21 largest positions, and once those weights are taken into account it behaves like 45 equally weighted holdings.
What is SPYI's expense ratio? 0.68% a year
As of October 28, 2026, SPYI charges 0.68% a year, yields 11.80% and holds $12.7B in assets across 503 positions.
| Measure | SPYI |
|---|---|
| Expense ratio | 0.68% |
| Dividend yield | 11.80% |
| Assets under management | $12.7B |
| Holdings | 503 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Neos S&P 500(R) High Income ETF (SPYI) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/spyi
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