SPYI and BALI are both covered call ETFs tracking the same benchmark, but with different approaches. SPYI offers ~11.7% yield with a focus on investor in taxable accounts seeking tax-efficient income, while BALI provides ~8% yield targeting cost-conscious investor seeking passive s&p 500 covered call exposure. Compare their scores, yields, and performance metrics to find the best fit for your portfolio.
Compare covered call ETFs with the same benchmark side by side
NEOS S&P 500 High Income ETF
6.1
Overall Score
iShares S&P 500 BuyWrite ETF
6.2
Overall Score
| Criteria | SPYI | BALI |
|---|---|---|
| Overall Score | 6.1 6.2 | |
| Total Return (25%) | 6.9 8.5 | |
| Downside Protection (25%) | 5.3 1.6 | |
| Upside Participation (25%) | 7.4 8.9 | |
| Consistency (15%) | 4.3 5.2 | |
| Expense Ratio (5%) | 4.0 9.4 | |
| Liquidity (5%) | 7.4 4.9 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | SPYI | BALI |
|---|---|---|
| Expense Ratio | 0.680% | 0.250% |
| Inception Date | Aug 30, 2022 | Oct 18, 2022 |
| Issuer | NEOS | BlackRock |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 3/5 stars |
The optimal choice for taxable accounts — the Section 1256 tax advantage is underappreciated by the market
Investor Profile:
Investor in taxable accounts seeking tax-efficient income
The cheapest S&P 500 covered call ETF — but 2-star maturity and very low downside protection are concerns
Investor Profile:
Cost-conscious investor seeking passive S&P 500 covered call exposure