SPYI and RSPA 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 RSPA provides ~7.8% yield targeting income investors who want s&p 500 exposure with less mega-cap concentration and monthly distributions. 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
Invesco S&P 500 Equal Weight Income Advantage ETF
6.2
Overall Score
| Criteria | SPYI | RSPA |
|---|---|---|
| Overall Score | 6.1 6.2 | |
| Total Return (25%) | 6.9 5.6 | |
| Downside Protection (25%) | 5.3 6.9 | |
| Upside Participation (25%) | 7.4 6.2 | |
| Consistency (15%) | 4.3 5.7 | |
| Expense Ratio (5%) | 4.0 7.6 | |
| Liquidity (5%) | 7.4 6.0 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | SPYI | RSPA |
|---|---|---|
| Expense Ratio | 0.680% | 0.390% |
| Inception Date | Aug 30, 2022 | Jan 1, 2022 |
| Issuer | NEOS | Invesco |
| Distribution Frequency | Monthly | Monthly |
| Maturity Rating | 3/5 stars | 4/5 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
Unique equal-weight approach differentiates it from all other SPY-benchmarked covered call ETFs.
Investor Profile:
Income investors who want S&P 500 exposure with less mega-cap concentration and monthly distributions