SPYI vs FLOT

Comparison between NEOS S&P 500(R) HIGH INCOME ETF (SPYI, ETF) and ISHARES FLOATING RATE BOND ETF (FLOT, ETF).

SPYI vs FLOT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPYI(ETF)	FLOT(ETF)
Net Assets	$9.20B	$9.30B
Expense Ratio	0.68%	0.15%
Max Drawdown	18.53%	13.68%
Sharpe Ratio	2.00	1.74
5Y Beta	0.82	0.06
P/E Ratio	29.15	N/A
Forward P/E	22.22	N/A
5Y Dividends CAGR	N/A	42.63%
5Y EPS CAGR	28.42%	N/A
Debt to Equity	39.79%	N/A
P/S Ratio	3.57	N/A
P/B Ratio	5.53	N/A

Net Assets

SPYI

$9.20B

Winner

FLOT

$9.30B

Expense Ratio

SPYI

0.68%

Winner

FLOT

0.15%

Max Drawdown

SPYI

18.53%

Winner

FLOT

13.68%

Sharpe Ratio

Winner

SPYI

2.00

FLOT

1.74

5Y Beta

SPYI

0.82

Winner

FLOT

0.06

P/E Ratio

SPYI

29.15

FLOT

N/A

Forward P/E

SPYI

22.22

FLOT

N/A

5Y Dividends CAGR

SPYI

N/A

FLOT

42.63%

5Y EPS CAGR

SPYI

28.42%

FLOT

N/A

Debt to Equity

SPYI

39.79%

FLOT

N/A

P/S Ratio

SPYI

3.57

FLOT

N/A

P/B Ratio

SPYI

5.53

FLOT

N/A

SPYI vs FLOT - Historical Returns

Returns include dividend reinvestment.

Period	SPYI	FLOT
1 month	+5.28%	+0.43%
3 months	+5.94%	+0.99%
6 months	+8.97%	+2.14%
1 year	+22.89%	+4.85%
5 years(CAGR)	N/A	+4.14%
10 years(CAGR)	N/A	+3.01%
Max(CAGR)	+15.44%	+2.28%

Winner

SPYI

+5.28%

FLOT

+0.43%

Winner

SPYI

+5.94%

FLOT

+0.99%

Winner

SPYI

+8.97%

FLOT

+2.14%

Winner

SPYI

+22.89%

FLOT

+4.85%

5Y(CAGR)

SPYI

N/A

FLOT

+4.14%

10Y(CAGR)

SPYI

N/A

FLOT

+3.01%

Max(CAGR)

Winner

SPYI

+15.44%

FLOT

+2.28%

SPYI vs FLOT - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	SPYI	FLOT
2026	+6.20%	+1.51%
2025	+16.80%	+4.87%
2024	+19.49%	+6.48%
2023	+18.18%	+6.39%
2022	-2.44%	+1.33%
2021	N/A	+0.41%
2020	N/A	+0.85%
2019	N/A	+4.05%
2018	N/A	+1.38%
2017	N/A	+1.59%
2016	N/A	+1.58%
2015	N/A	+0.43%
2014	N/A	+0.08%
2013	N/A	+0.75%
2012	N/A	+4.19%
2011	N/A	-1.77%

SPYI vs FLOT Drawdown Comparison

The maximum drawdown for SPYI was -16.46%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.

The maximum drawdown for FLOT was -13.54%, occurring on Mar 19, 2020. Recovery took 117 trading sessions.

Rank	SPYI	FLOT
#1	-16.46% Feb 19, 2025 - Jun 25, 2025	-13.54% Feb 19, 2020 - Aug 5, 2020
#2	-10.18% Sep 12, 2022 - Feb 1, 2023	-2.64% Jul 8, 2011 - Feb 24, 2012
#3	-7.70% Feb 25, 2026 - Apr 15, 2026	-2.36% Mar 8, 2023 - Apr 20, 2023
#4	-7.54% Jul 28, 2023 - Dec 13, 2023	-1.74% Sep 29, 2021 - Sep 22, 2022
#5	-6.60% Jul 16, 2024 - Aug 19, 2024	-1.57% Apr 2, 2025 - Apr 29, 2025
#6	-6.03% Feb 6, 2023 - Apr 13, 2023	-1.07% Nov 12, 2018 - Jan 22, 2019
#7	-4.65% Mar 28, 2024 - May 15, 2024	-0.84% Mar 2, 2012 - Jul 6, 2012
#8	-3.96% Nov 12, 2025 - Nov 28, 2025	-0.64% Nov 1, 2012 - Dec 24, 2012
#9	-3.50% Aug 30, 2024 - Sep 19, 2024	-0.60% Sep 22, 2022 - Nov 1, 2022
#10	-3.11% Dec 6, 2024 - Jan 22, 2025	-0.59% May 19, 2015 - Apr 15, 2016
#11	-2.32% Oct 8, 2025 - Oct 20, 2025	-0.56% Sep 29, 2014 - May 19, 2015
#12	-2.15% Feb 2, 2026 - Feb 25, 2026	-0.44% Jul 31, 2024 - Aug 14, 2024
#13	-2.09% Dec 11, 2025 - Dec 22, 2025	-0.43% Mar 23, 2026 - Apr 7, 2026
#14	-1.86% Jan 12, 2026 - Jan 27, 2026	-0.41% May 24, 2013 - Aug 14, 2013
#15	-1.80% May 1, 2023 - May 17, 2023	-0.34% Apr 24, 2023 - Apr 27, 2023

Correlation

Correlation between SPYI and FLOT is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2011 - 2026)

SPYI vs FLOT dividend yield comparison.

Year	SPYI	FLOT
2026	3.89%	1.36%
2025	11.70%	4.84%
2024	12.04%	5.82%
2023	12.01%	5.66%
2022	4.10%	2.06%
2021	0.00%	0.43%
2020	0.00%	1.25%
2019	0.00%	2.78%
2018	0.00%	2.41%
2017	0.00%	1.46%
2016	0.00%	0.97%
2015	0.00%	0.53%
2014	0.00%	0.44%
2013	0.00%	0.47%
2012	0.00%	1.01%
2011	0.00%	0.38%