Is SPYI a good investment?

Neos S&P 500(R) High Income ETF (SPYI) is a US dividend ETF. As of September 11, 2026, ETF Copilot scores SPYI 5.9 out of 10 — highest on Risk (9.8), lowest on Growth (2.8). It trades at 25.4 times earnings, against its own median of 25.4. Its ten largest holdings are 38% of the fund.

Updated September 11, 2026

How is SPYI rated? ETF Copilot scores Neos S&P 500(R) High Income ETF (SPYI) 5.9 out of 10

As of September 11, 2026, ETF Copilot scores Neos S&P 500(R) High Income ETF (SPYI) 5.9 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 5.9 / 10
Growth: 2.8 / 10
Valuation: 6.6 / 10
Risk: 9.8 / 10
Quality: 8.9 / 10
Return: 3.8 / 10

What is SPYI's expense ratio? 0.68% a year

As of September 11, 2026, SPYI charges 0.68% a year, yields 1.10% and holds $11.7B in assets across 504 positions.

Neos S&P 500(R) High Income ETF (SPYI) — cost, income and size
Measure	SPYI
Expense ratio	0.68%
Dividend yield	1.10%
Assets under management	$11.7B
Holdings	504

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.

What stands out in SPYI's data

S&P 500 companies, layered with a covered-call strategy for extra income.

Earns more on its capital than most income-oriented peers — a sign the underlying holdings generate real profits.

Return on invested capital of 27.5% sits above the category median of 16.2% and ahead of its own 24.1% historical average. The portfolio also trades at trailing P/E multiple of 25.4x.

An options-income sleeve for a large-cap core, turning market exposure into steady cash flow.

Why did SPYI move this week? It fell 0.8% in the week to September 11, 2026 — Nvidia and Microsoft drove it

SPYI fell 0.8% in the week to September 11, 2026. The holdings that moved it most were Nvidia (−4.4%), Microsoft (−2.8%) and Eli Lilly (−3.8%); Advanced Micro Devices (+13.1%) pushed the other way.

Is SPYI expensive right now? It trades at 25.4 times earnings, against its own median of 25.4

As of September 11, 2026, SPYI is more expensive than 50% of its own 34 monthly readings since 2024 — 17 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside SPYI? 46% Tech

What's inside SPYI: Size (Large 95%, Mid 5%, Small 0%); Geography (International 3%, US 97%); Tech 46.1%; Magnificent 7 33.8%; AI 23.5%; Semiconductors 17.5%; Memory 15.2%.

What are SPYI's top holdings? The ten largest are 38% of the fund

Nvidia, Apple, Microsoft, Amazon.com, Alphabet, Broadcom, Meta Platforms, Micron Technology and Tesla are SPYI's largest holdings, in that order.

More concentrated than 63% of Dividend US ETFs.

Half of SPYI's weight sits in its 22 largest positions, and once those weights are taken into account it behaves like 45 equally weighted holdings.

Cite this

ETF Copilot, “Neos S&P 500(R) High Income ETF (SPYI) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/spyi