XYLD vs SPYI: Income Fund Comparison
GlobalX S&P 500 Covered Call ETF (XYLD) and NEOS S&P 500 High Income ETF - US (SPYI) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: XYLD individual review · SPYI individual review
XYLD: MER is 0.6%. SPYI: Management fee and total annual fund operating expenses are 0.68%. XYLD fund started June 21st 2013 and is one of the original covered call index funds. SPYI fund inception was 8/29/2022 - approximately 3.5 years of history as of review date. Full Dependability and Return scores for both funds are available in the app.
| XYLD | SPYI | |
|---|---|---|
| Fund Name | GlobalX S&P 500 Covered Call ETF | NEOS S&P 500 High Income ETF - US |
| Fund Type | Index Based Fund | Index Based Fund |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | 2025-12-24 | 2026-03-06 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: XYLD vs SPYI 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
MER is 0.6%.
Management fee and total annual fund operating expenses are 0.68%.
Mirae Asset Global Investments - a South Korean financial services company - manages over US$200 billion in assets worldwide.
NEOS Investments total ETF AUM is approximately $21.6 billion across all 19 funds as of 03/05/2026.
Fund started June 21st 2013 and is one of the original covered call index funds.
Fund inception was 8/29/2022 - approximately 3.5 years of history as of review date.
3.1 billion in this fund.
Fund net assets approximately $8.0 billion as of 03/03/2026.
Risk: XYLD vs SPYI 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
Beta is 0.41 which is lower than the S&P 500 itself.
Beta is 0.76 vs SPY over fund history (2022-09-09 to 2026-03-06) - below 0.8 threshold indicating lower market sensitivity than the index.
See the full Risk analysis for both XYLD and SPYI — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: XYLD vs SPYI 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Pays monthly.
Monthly distributions - confirmed by distribution history showing consistent monthly payments since inception.
See the full Return analysis for both XYLD and SPYI — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both XYLD and SPYI are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: XYLD vs SPYI
Which has a lower expense ratio, XYLD or SPYI?
XYLD: MER is 0.6%.
SPYI: Management fee and total annual fund operating expenses are 0.68%.
Which fund has more assets under management, XYLD or SPYI?
XYLD: 3.1 billion in this fund.
SPYI: Fund net assets approximately $8.0 billion as of 03/03/2026.
Which fund has been trading longer, XYLD or SPYI?
XYLD: Fund started June 21st 2013 and is one of the original covered call index funds.
SPYI: Fund inception was 8/29/2022 - approximately 3.5 years of history as of review date.
Who manages XYLD vs SPYI?
XYLD: Mirae Asset Global Investments - a South Korean financial services company - manages over US$200 billion in assets worldwide.
SPYI: NEOS Investments total ETF AUM is approximately $21.6 billion across all 19 funds as of 03/05/2026.
Where can I see the full XYLD vs SPYI comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
What is the difference between XYLD and SPYI?
GlobalX S&P 500 Covered Call ETF is a Index Based Fund. MER is 0.6%. NEOS S&P 500 High Income ETF - US is a Index Based Fund. Management fee and total annual fund operating expenses are 0.68%. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, XYLD or SPYI?
XYLD: MER is 0.6%. Fund started June 21st 2013 and is one of the original covered call index funds. SPYI: Management fee and total annual fund operating expenses are 0.68%. Fund inception was 8/29/2022 - approximately 3.5 years of history as of review date. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do XYLD and SPYI pay monthly distributions?
XYLD: Pays monthly. SPYI: Monthly distributions - confirmed by distribution history showing consistent monthly payments since inception. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full XYLD vs SPYI Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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