SPYI and XYLG 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 XYLG provides ~5% yield targeting growth-oriented investor wanting modest income without sacrificing too much upside. 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
Global X S&P 500 Covered Call & Growth ETF
5.4
Overall Score
| Criteria | SPYI | XYLG |
|---|---|---|
| Overall Score | 6.1 5.4 | |
| Total Return (25%) | 6.9 7.3 | |
| Downside Protection (25%) | 5.3 0.2 | |
| Upside Participation (25%) | 7.4 9.0 | |
| Consistency (15%) | 4.3 4.8 | |
| Expense Ratio (5%) | 4.0 5.0 | |
| Liquidity (5%) | 7.4 6.3 |
Since Inception
3 Years
Pro only
1 Year
Pro only
3 Months
Pro only
| Metric | SPYI | XYLG |
|---|---|---|
| Expense Ratio | 0.680% | 0.600% |
| Inception Date | Aug 30, 2022 | Oct 5, 2020 |
| Issuer | NEOS | Global X |
| 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
The bridge between pure equity and covered call — useful for investors not ready to fully commit to income strategy
Investor Profile:
Growth-oriented investor wanting modest income without sacrificing too much upside