NEHI vs SPY
NEOS Ethereum High Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NEHI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.09% | |
| AUM | $80M | $821.1B | |
| Dividend Yield | 25.36% | 1.01% | |
| Holdings | 7 | 505 | |
| YTD Return | -38.46% | +12.68% | |
| 1Y Return | - | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -58.2% | -56.5% | |
| Fund Family | NEOS | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Dec 3, 2025 | Jan 22, 1993 |
NEHI vs SPY Performance
NEOS Ethereum High Income ETF (NEHI) is a ETF from NEOS and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, NEHI is down 38.46% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -58.2% for NEHI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
NEHI charges 0.98% per year while SPY charges 0.09%. On a $10,000 position that is $98 vs $9 annually, a gap of $89 per year that compounds over a long holding period. On income, NEHI currently yields 25.36% against 1.01% for SPY.
Holdings Overlap
NEHI and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NEHI or SPY?
NEHI has an expense ratio of 0.98% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
What is the holdings overlap between NEHI and SPY?
NEHI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, NEHI or SPY?
NEHI yields 25.36% while SPY yields 1.01%, so NEHI currently pays the higher dividend yield.
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