SPYI vs VOO: Dividend Yield, Total Return & Fees Compared

NEOS S&P 500 High IncomeVanguard S&P 500 ETF

Data as of the close · refreshed automatically every trading day

Performance: SPYI vs VOO

Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.

SPYIVOO

Total Return (%) · dividends reinvested · Nov 7, 2025 – Nov 9, 2026

DividendDuel.com
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Higher yieldSPYI12.08% vs 1.07%
Better 1-year total returnVOO+13.45% vs +13.07%
Expense ratio—SPYI 0.68% · VOO n/a

SPYI vs VOO at a glance

NEOS S&P 500 High Income (SPYI) and Vanguard S&P 500 ETF (VOO) are compared below using data through the November 9, 2026 close, refreshed after every trading day.

Over the past year, VOO returned +13.45% with dividends reinvested, compared with +13.07% for SPYI. SPYI currently yields 12.08% (trailing 12-month) against 1.07% for VOO.

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.

Key figures for SPYI and VOO
MetricSPYIVOO
Last close$52.33$691.87
Dividend yield12.08% (TTM)1.07% (TTM)
Expense ratio0.68%—
Paysmonthlyquarterly
Dividends, last 12 months$6.32 (12 payments)$7.43 (4 payments)
IssuerNEOS InvestmentsVanguard
Inception——

Overview

Key fund stats as of the latest close.

ETFTTM yield1Y total returnLast closeLast dividendPaysIssuer
SPYINEOS S&P 500 High Income
12.08%
+13.07%$52.33$0.5087MonthlyNEOS Investments
VOOVanguard S&P 500 ETF
1.07%
Best+13.45%$691.87$1.8226QuarterlyVanguard

Total returns

Price change plus dividends paid, by holding period. Best in each period is outlined.

ETF1M3M6M1Y2Y5Y
SPYINEOS S&P 500 High Income-2.33%-0.51%+4.00%+13.07%+27.03%—
VOOVanguard S&P 500 ETF-3.31%-2.40%+2.60%+13.45%+28.87%+72.68%

Dividends

Latest payout, trailing 12-month total and the last 12 distributions.

ETFLatest payoutvs. priorTrailing 12MRecent payouts
SPYINEOS S&P 500 High Income$0.5087Oct 21, 2026-4.70%$6.322212 payoutsNov 26, 2025: $0.5216Dec 24, 2025: $0.5316Jan 21, 2026: $0.5309Feb 18, 2026: $0.5219Mar 18, 2026: $0.5104Apr 22, 2026: $0.5247May 20, 2026: $0.5353Jun 16, 2026: $0.531Jul 22, 2026: $0.53Aug 19, 2026: $0.5423Sep 16, 2026: $0.5338Oct 21, 2026: $0.5087
VOOVanguard S&P 500 ETF$1.8226Sep 28, 2026-7.11%$7.42824 payoutsDec 20, 2023: $1.8011Mar 22, 2024: $1.5429Jun 28, 2024: $1.7835Sep 27, 2024: $1.6386Dec 23, 2024: $1.7385Mar 27, 2025: $1.8121Jun 30, 2025: $1.7447Sep 29, 2025: $1.74Dec 22, 2025: $1.771Mar 27, 2026: $1.8724Jun 26, 2026: $1.9622Sep 28, 2026: $1.8226

Downside and distribution variability

Income and ending returns do not describe the whole investment experience.

Across 1,053 shared trading dates from August 30, 2022 to November 9, 2026, the largest observed peak-to-trough decline with dividends reinvested was -16.46% for SPYI and -18.69% for VOO. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.

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.

VOO's recorded distributions over the 12 months ending November 9, 2026 ranged from $1.77 to $1.96 per share across 4 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.

SPYIVOO
Oct 21, 2026$0.5087Sep 28, 2026$1.82
Sep 16, 2026$0.5338Jun 26, 2026$1.96
Aug 19, 2026$0.5423Mar 27, 2026$1.87
Jul 22, 2026$0.530Dec 22, 2025$1.77
Jun 16, 2026$0.531Sep 29, 2025$1.74
May 20, 2026$0.5353Jun 30, 2025$1.74
Apr 22, 2026$0.5247Mar 27, 2025$1.81
Mar 18, 2026$0.5104Dec 23, 2024$1.74
Feb 18, 2026$0.5219Sep 27, 2024$1.64
Jan 21, 2026$0.5309Jun 28, 2024$1.78
Dec 24, 2025$0.5316Mar 22, 2024$1.54
Nov 26, 2025$0.5216Dec 20, 2023$1.80

SPYI vs VOO: common questions

Which pays a higher dividend, SPYI or VOO?

As of November 9, 2026, SPYI yields 12.08% (trailing 12-month) and VOO yields 1.07% (trailing 12-month), so SPYI currently pays the higher yield. A higher yield does not guarantee a higher total return.

Which has performed better, SPYI or VOO?

Over the past year with dividends reinvested, SPYI returned +13.07% and VOO returned +13.45%. Past performance does not predict future results.

What would $10,000 in SPYI vs VOO be worth after one year?

With dividends reinvested, $10,000 invested one year before November 9, 2026 would have grown to about $11,307 in SPYI and $11,345 in VOO.

How often do SPYI and VOO pay dividends?

SPYI pays monthly (12 payments in the last 12 months) and VOO pays quarterly (4 payments).

Is SPYI or VOO 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 SPYI and VOO beyond the yield

Use the same dates to compare an income strategy with its index alternative. Look at both reinvested total return and price return before using either fund's payout rate in an income scenario.

Review NEOS S&P 500 High Income (SPYI) payment history and Vanguard S&P 500 ETF (VOO) 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

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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.