SPYH vs FSGS
Comparison between NEOS S&P 500(R) HEDGED EQUITY INCOME ETF (SPYH, ETF) and First Trust Small Cap US Equity Select ETF (FSGS, ETF).
SPYH vs FSGS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPYH
$29M
Winner
FSGS
$29M
Expense Ratio
SPYH
0.68%
Winner
FSGS
0.61%
Max Drawdown
Winner
SPYH
7.66%
FSGS
44.95%
Sharpe Ratio
Winner
SPYH
1.47
FSGS
0.27
5Y Beta
Winner
SPYH
0.69
FSGS
0.92
P/E Ratio
SPYH
27.82
Winner
FSGS
21.39
Forward P/E
SPYH
21.26
Winner
FSGS
18.66
PEG Ratio
SPYH
N/A
FSGS
0.07
5Y Dividends CAGR
SPYH
N/A
FSGS
14.15%
5Y EPS CAGR
Winner
SPYH
28.72%
FSGS
23.60%
Debt to Equity
SPYH
45.05%
Winner
FSGS
32.84%
P/S Ratio
SPYH
3.69
Winner
FSGS
1.83
P/B Ratio
SPYH
5.42
Winner
FSGS
4.41
SPYH vs FSGS - Holdings Comparison
SPYH and FSGS have 18 common holdings. Overlap is -0.45%
SPYH's top 25 holdings weight is 50.19%. FSGS's top 25 holdings weight is 30.32%.
| Rank | SPYH | FSGS |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.26% | STERLING INFRASTRUCTURE INC (STRL) - 1.92% |
| #2 | APPLE INC (AAPL) - 7.11% | MYR GROUP INC (MYRG) - 1.39% |
| #3 | MICROSOFT CORP (MSFT) - 5.05% | PROGYNY INC (PGNY) - 1.38% |
| #4 | AMAZON.COM INC (AMZN) - 3.83% | IES HOLDINGS INC (IESC) - 1.34% |
| #5 | BROADCOM INC (AVGO) - 3.51% | RAMBUS INC (RMBS) - 1.33% |
| #6 | ALPHABET INC CLASS A (GOOGL) - 3.24% | POWELL INDUSTRIES INC (POWL) - 1.25% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.57% | DOCUSIGN INC (DOCU) - 1.21% |
| #8 | META PLATFORMS INC CLASS A (META) - 2.00% | CATALYST PHARMACEUTICALS INC (CPRX) - 1.21% |
| #9 | TESLA INC (TSLA) - 1.81% | PAYLOCITY HOLDING CORP (PCTY) - 1.19% |
| #10 | MICRON TECHNOLOGY INC (MU) - 1.75% | MANHATTAN ASSOCIATES INC (MANH) - 1.19% |
| #11 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.33% | BLUE BIRD CORP (BLBD) - 1.18% |
| #12 | ELI LILLY AND CO (LLY) - 1.31% | DEXCOM INC (DXCM) - 1.18% |
| #13 | ADVANCED MICRO DEVICES INC (AMD) - 1.31% | NEUROCRINE BIOSCIENCES INC (NBIX) - 1.18% |
| #14 | JPMORGAN CHASE & CO (JPM) - 1.24% | PAYCOM SOFTWARE INC (PAYC) - 1.17% |
| #15 | EXXON MOBIL CORP (XOM) - 0.96% | CACTUS INC CLASS A (WHD) - 1.13% |
| #16 | JOHNSON & JOHNSON (JNJ) - 0.83% | YETI HOLDINGS INC (YETI) - 1.12% |
| #17 | VISA INC CLASS A (V) - 0.82% | BARRETT BUSINESS SERVICES INC (BBSI) - 1.12% |
| #18 | INTEL CORP (INTC) - 0.79% | APPFOLIO INC CLASS A (APPF) - 1.12% |
| #19 | CISCO SYSTEMS INC (CSCO) - 0.77% | VEEVA SYSTEMS INC CLASS A (VEEV) - 1.11% |
| #20 | ARISTA NETWORKS INC (ANET) - 0.29% | DUOLINGO INC (DUOL) - 1.11% |
| #21 | WESTERN DIGITAL CORP (WDC) - 0.29% | GENTEX CORP (GNTX) - 1.10% |
| #22 | AMPHENOL CORP CLASS A (APH) - 0.29% | ATI INC (ATI) - 1.10% |
| #23 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 0.28% | EXELIXIS INC (EXEL) - 1.10% |
| #24 | THE WALT DISNEY CO (DIS) - 0.28% | ASSURANT INC (AIZ) - 1.10% |
| #25 | NEXTERA ENERGY INC (NEE) - 0.27% | INTERACTIVE BROKERS GROUP INC CLASS A (IBKR) - 1.09% |
| Total Holdings | 448 | 102 |
SPYH vs FSGS - Historical Returns
Returns include dividend reinvestment.
1M
SPYH
+1.33%
Winner
FSGS
+3.76%
3M
Winner
SPYH
+6.34%
FSGS
+6.09%
6M
Winner
SPYH
+6.26%
FSGS
+1.30%
1Y
Winner
SPYH
+17.59%
FSGS
+7.83%
5Y(CAGR)
SPYH
N/A
FSGS
+2.52%
10Y(CAGR)
SPYH
N/A
FSGS
+7.05%
Max(CAGR)
Winner
SPYH
+22.86%
FSGS
+7.05%
SPYH vs FSGS - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | SPYH | FSGS |
|---|---|---|
| 2026 | +5.50% | +2.61% |
| 2025 | +21.08% | +2.40% |
| 2024 | N/A | +6.38% |
| 2023 | N/A | +15.36% |
| 2022 | N/A | -13.66% |
| 2021 | N/A | +27.32% |
| 2020 | N/A | +10.82% |
| 2019 | N/A | +19.35% |
| 2018 | N/A | -11.92% |
| 2017 | N/A | +10.39% |
SPYH vs FSGS Drawdown Comparison
The maximum drawdown for SPYH was -6.39%, occurring on Apr 8, 2025. Recovery took 4 trading sessions.
The maximum drawdown for FSGS was -43.26%, occurring on Mar 18, 2020. Recovery took 562 trading sessions.
The current SPYH drawdown is -0.41%. The current FSGS drawdown is -3.19%.
| Rank | SPYH | FSGS |
|---|---|---|
| #1 | -6.39% Apr 3, 2025 - Apr 9, 2025 | -43.26% Aug 31, 2018 - Nov 24, 2020 |
| #2 | -6.03% Feb 25, 2026 - Apr 17, 2026 | -24.07% Nov 25, 2024 - Apr 8, 2025 |
| #3 | -4.20% Apr 9, 2025 - Apr 24, 2025 | -23.77% Nov 5, 2021 - Jul 16, 2024 |
| #4 | -3.28% Oct 28, 2025 - Nov 28, 2025 | -10.17% Jan 23, 2018 - May 21, 2018 |
| #5 | -3.05% Jun 2, 2026 - Jun 10, 2026 | -9.32% Jun 8, 2021 - Nov 3, 2021 |
| #6 | -1.95% Oct 8, 2025 - Oct 20, 2025 | -8.66% Jul 30, 2024 - Oct 16, 2024 |
| #7 | -1.79% Dec 11, 2025 - Dec 22, 2025 | -7.94% Mar 12, 2021 - May 7, 2021 |
| #8 | -1.71% Jan 12, 2026 - Jan 27, 2026 | -5.66% Jan 14, 2021 - Feb 8, 2021 |
| #9 | -1.56% Feb 2, 2026 - Feb 9, 2026 | -5.46% Aug 1, 2017 - Sep 20, 2017 |
| #10 | -1.54% May 16, 2025 - Jun 3, 2025 | -4.10% May 7, 2021 - Jun 1, 2021 |
| #11 | -1.46% Jul 28, 2025 - Aug 8, 2025 | -3.88% Oct 17, 2024 - Nov 6, 2024 |
| #12 | -1.18% Feb 9, 2026 - Feb 25, 2026 | -3.77% Nov 11, 2024 - Nov 25, 2024 |
| #13 | -0.93% Dec 26, 2025 - Jan 6, 2026 | -3.51% Oct 20, 2017 - Nov 21, 2017 |
| #14 | -0.92% Aug 13, 2025 - Aug 22, 2025 | -3.38% Nov 24, 2020 - Dec 4, 2020 |
| #15 | -0.90% May 14, 2026 - May 22, 2026 | -3.25% Feb 24, 2021 - Mar 8, 2021 |
Correlation
Correlation between SPYH and FSGS is 0.75 which considered as a strong positive correlation - the stocks tend to move together.
0.75
-101
Dividend Comparison (2017 - 2026)
SPYH vs FSGS dividend yield comparison.
| Year | SPYH | FSGS |
|---|---|---|
| 2026 | 3.18% | 0.00% |
| 2025 | 5.54% | 0.00% |
| 2024 | 0.00% | 2.71% |
| 2023 | 0.00% | 2.29% |
| 2022 | 0.00% | 1.95% |
| 2021 | 0.00% | 1.35% |
| 2020 | 0.00% | 1.32% |
| 2019 | 0.00% | 1.77% |
| 2018 | 0.00% | 2.13% |
| 2017 | 0.00% | 1.15% |
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