BALI vs SPYI: Dividend Yield, Total Return & Fees Compared
iShares Advantage Large Cap IncomeNEOS S&P 500 High Income
Data as of the close · refreshed automatically every trading day
Performance: BALI vs SPYI
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Nov 7, 2025 – Nov 9, 2026
DividendDuel.comBALI vs SPYI at a glance
iShares Advantage Large Cap Income (BALI) and NEOS S&P 500 High Income (SPYI) are compared below using data through the November 9, 2026 close, refreshed after every trading day.
Over the past year, BALI returned +15.79% with dividends reinvested, compared with +13.07% for SPYI. SPYI currently yields 12.08% (trailing 12-month) against 7.94% for BALI.
The higher-yielding fund (SPYI) has trailed on 1-year total return. Yield only measures the income a fund pays; total return also counts the change in share price, so it is the fuller basis for comparing the two.
| Metric | BALI | SPYI |
|---|---|---|
| Last close | $33.52 | $52.33 |
| Dividend yield | 7.94% (TTM) | 12.08% (TTM) |
| Expense ratio | 0.35% | 0.68% |
| Pays | monthly | monthly |
| Dividends, last 12 months | $2.66 (12 payments) | $6.32 (12 payments) |
| Issuer | iShares | NEOS Investments |
| Inception | — | — |
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Downside and distribution variability
Income and ending returns do not describe the whole investment experience.
Across 782 shared trading dates from September 28, 2023 to November 9, 2026, the largest observed peak-to-trough decline with dividends reinvested was -16.62% for BALI and -16.46% for SPYI. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.
BALI's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.1767 to $0.3461 per share across 12 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.
SPYI's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.5087 to $0.5423 per share across 12 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.
Fund expense ratios are annual operating costs, not a bill added to the historical returns shown here. Trading spreads, brokerage costs and personal taxes can reduce an investor's realized return.
Recent distributions
The latest 12 distributions per share, newest first. Dates are reported ex-dividend dates, not cash payment dates.
| BALI | SPYI | ||
|---|---|---|---|
| Nov 2, 2026 | $0.1843 | Oct 21, 2026 | $0.5087 |
| Oct 1, 2026 | $0.1767 | Sep 16, 2026 | $0.5338 |
| Sep 1, 2026 | $0.2143 | Aug 19, 2026 | $0.5423 |
| Aug 3, 2026 | $0.1893 | Jul 22, 2026 | $0.530 |
| Jul 1, 2026 | $0.2673 | Jun 16, 2026 | $0.531 |
| Jun 1, 2026 | $0.216 | May 20, 2026 | $0.5353 |
| May 1, 2026 | $0.2191 | Apr 22, 2026 | $0.5247 |
| Apr 1, 2026 | $0.3461 | Mar 18, 2026 | $0.5104 |
| Mar 2, 2026 | $0.197 | Feb 18, 2026 | $0.5219 |
| Feb 2, 2026 | $0.1792 | Jan 21, 2026 | $0.5309 |
| Dec 30, 2025 | $0.2216 | Dec 24, 2025 | $0.5316 |
| Dec 1, 2025 | $0.2497 | Nov 26, 2025 | $0.5216 |
BALI vs SPYI: common questions
Which pays a higher dividend, BALI or SPYI?
As of November 9, 2026, BALI yields 7.94% (trailing 12-month) and SPYI yields 12.08% (trailing 12-month), so SPYI currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, BALI or SPYI?
Over the past year with dividends reinvested, BALI returned +15.79% and SPYI returned +13.07%. Past performance does not predict future results.
What would $10,000 in BALI vs SPYI be worth after one year?
With dividends reinvested, $10,000 invested one year before November 9, 2026 would have grown to about $11,579 in BALI and $11,307 in SPYI.
Which is cheaper to own, BALI or SPYI?
BALI has the lower expense ratio at 0.35% a year, compared with 0.68% for SPYI. On $10,000 that is roughly $35 vs $68 a year.
How often do BALI and SPYI pay dividends?
BALI pays monthly (12 payments in the last 12 months) and SPYI pays monthly (12 payments).
Is BALI or SPYI the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
Research BALI and SPYI beyond the yield
Payment frequency describes the schedule, not the sustainability of income. Compare the range of recorded payments, drawdowns and total return, and review the issuer's option strategy separately.
Review iShares Advantage Large Cap Income (BALI) payment history and NEOS S&P 500 High Income (SPYI) payment history before choosing assumptions for the dividend reinvestment calculator. Run each scenario separately; the calculator uses your rates rather than importing these historical returns.
For a cash target, use the income goal calculator. Read our guide to comparing dividend ETFs and data and editorial approach for context on the historical figures.
Related comparisons
More side-by-side comparisons with BALI and SPYI.
Published by Delta Dividends LLC. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.