SPYI vs SVOL: Yield, Cost and Returns Compared
As of Nov 5, 2026, SVOL yields more: 22.79% (dividend yield) against 12.20% for SPYI. SPYI is cheaper to own at 0.68% a year vs 0.78%. Over the same 4 years (Aug 2022 to Oct 2026), SPYI returned 14.8% a year with distributions reinvested, and SVOL 10.5%.
SPYINeos S&P 500(R) High Income ETF12.20%dividend yield| Compared | SPYI | SVOL |
|---|---|---|
| YieldDividend yield | 12.20% | 22.79% |
| Expense ratio | 0.68% | 0.78% |
| Total return, 1 yr | +11.9% | +11.6% |
| Total return, 3 yr (a year) | +18.0% | +8.2% |
| Total return, 5 yr (a year) | — | +7.1% |
| Worst drop since Aug 2022 | -7.8% | -18.5% |
| Share price since Aug 2022 | +7% | −28% |
| Pays | Monthly | Monthly |
| Issuer | Neos | Simplify Asset Management |
| Assets | $12.5B | $500.2M |
| Started | 2022 | 2021 |
| Type | Derivative Income | Derivative Income |
Higher yield
SVOL
22.79%
Lower cost
SPYI
0.68%
Better total return
SPYI
14.8%/yr
Smaller worst drop
SPYI
-7.8%
Key facts: SPYI vs SVOL
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, SPYI yields 12.20% (dividend yield) and SVOL yields 22.79% (dividend yield).
- SPYI's expense ratio is 0.68% and SVOL's is 0.78%: $68 vs $78 a year on $10,000.
- From Aug 2022 to Oct 2026, $10,000 in SPYI grew to $17,743 (14.8% a year) and $10,000 in SVOL to $15,165 (10.5% a year), distributions reinvested.
- Their worst month-end drops over that time: -7.8% for SPYI and -18.5% for SVOL.
- 0 of SPYI's top ten holdings are also in SVOL's top ten.
Cite this page
SmarterDividends, "SPYI vs SVOL: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/spyi-vs-svol
$10,000 in each, Aug 2022 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
SPYI became
$17,743
14.8% a year
SVOL became
$15,165
10.5% a year
Year by year
| Year | SPYI | SVOL |
|---|---|---|
| 2025 | +16.7% | +2.4% |
| 2024 | +19.0% | +6.7% |
| 2023 | +18.1% | +23.0% |
Total return each calendar year, distributions reinvested.
Top holdings
No overlap in the top ten.
SPYI
- AAPL Apple Inc7.7%
- NVDA NVIDIA Corp7.6%
- MSFT Microsoft Corp5.9%
- AMZN Amazon.com Inc3.6%
- GOOGL Alphabet Inc Class A2.5%
- AVGO Broadcom Inc2.4%
- META Meta Platforms Inc Class A2.0%
- GOOG Alphabet Inc Class C2.0%
- LLY Eli Lilly and Co1.7%
- TSLA Tesla Inc1.7%
SVOL
- QIS Simplify Multi-QIS Alternative ETF10.1%
- CTAP Simplify US Eq PLUS Mgd Futs Stgy ETF8.5%
- NMB Simplify National Muni Bond ETF7.4%
SPYI vs SVOL: questions
Is SPYI or SVOL better?
It depends on the job. SVOL pays more today (22.79% vs 12.20%), SPYI costs less, and SPYI has the better total return over Aug 2022 to Oct 2026, with SPYI holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, SPYI or SVOL?
SVOL, at 22.79% against 12.20% for SPYI as of Nov 5, 2026. On $10,000 that's about $2,279 vs $1,220 a year at today's rates.
Which has the better total return?
SPYI. From Aug 2022 to Oct 2026, it returned 14.8% a year with distributions reinvested, against 10.5% for SVOL. $10,000 became $17,743 vs $15,165.
Which is cheaper, SPYI or SVOL?
SPYI, with a 0.68% expense ratio against 0.78%.
Do SPYI and SVOL hold the same things?
Not at the top: none of their top ten holdings match.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. SPYI leads on 5 of 6 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.