SPYI and FTHI 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 FTHI provides ~8% yield targeting investor seeking actively managed covered call strategy. 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
6.2
Overall Score
First Trust BuyWrite Income ETF
5.1
Overall Score
| Criteria | SPYI | FTHI |
|---|---|---|
| Overall Score | 6.2 5.1 | |
| Total Return (25%) | 7.2 3.9 | |
| Downside Protection (25%) | 5.3 5.9 | |
| Upside Participation (25%) | 7.5 6.4 | |
| Consistency (15%) | 4.3 4.8 | |
| Expense Ratio (5%) | 4.0 1.9 | |
| Liquidity (5%) | 7.4 5.3 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | SPYI | FTHI |
|---|---|---|
| Expense Ratio | 0.680% | 0.850% |
| Inception Date | Aug 30, 2022 | Jan 6, 2014 |
| Issuer | NEOS | First Trust |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 5/5 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
Underrated fund with solid track record — the high expense ratio is the main drag
Investor Profile:
Investor seeking actively managed covered call strategy