SPYI vs ONEQ
Comparison between NEOS S&P 500(R) HIGH INCOME ETF (SPYI, ETF) and FIDELITY NASDAQ COMPOSITE INDEX ETF (ONEQ, ETF).
SPYI vs ONEQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPYI
$10B
ONEQ
$10B
Expense Ratio
SPYI
0.68%
Winner
ONEQ
0.21%
Max Drawdown
Winner
SPYI
18.53%
ONEQ
55.55%
Sharpe Ratio
Winner
SPYI
1.39
ONEQ
1.21
5Y Beta
Winner
SPYI
0.83
ONEQ
1.26
P/E Ratio
Winner
SPYI
25.72
ONEQ
32.68
Forward P/E
Winner
SPYI
20.35
ONEQ
22.61
PEG Ratio
SPYI
0.27
ONEQ
N/A
5Y Dividends CAGR
SPYI
N/A
ONEQ
21.81%
5Y EPS CAGR
SPYI
29.54%
Winner
ONEQ
32.88%
Debt to Equity
SPYI
58.50%
ONEQ
N/A
P/S Ratio
Winner
SPYI
3.61
ONEQ
3.86
P/B Ratio
Winner
SPYI
5.40
ONEQ
7.68
SPYI vs ONEQ - Holdings Comparison
SPYI and ONEQ have 145 common holdings. Overlap is 49.10%
SPYI's top 25 holdings weight is 50.12%. ONEQ's top 25 holdings weight is 72.64%.
| Rank | SPYI | ONEQ |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 7.75% | NVIDIA CORP (NVDA) - 11.16% |
| #2 | APPLE INC (AAPL) - 7.37% | APPLE INC (AAPL) - 10.71% |
| #3 | MICROSOFT CORP (MSFT) - 4.55% | MICROSOFT CORP (MSFT) - 6.57% |
| #4 | AMAZON.COM INC (AMZN) - 3.74% | AMAZON.COM INC (AMZN) - 5.92% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 3.15% | ALPHABET INC CLASS A (GOOGL) - 4.50% |
| #6 | BROADCOM INC (AVGO) - 2.83% | ALPHABET INC CLASS C (GOOG) - 4.20% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.53% | BROADCOM INC (AVGO) - 4.07% |
| #8 | META PLATFORMS INC CLASS A (META) - 2.16% | TESLA INC (TSLA) - 3.16% |
| #9 | MICRON TECHNOLOGY INC (MU) - 1.65% | META PLATFORMS INC CLASS A (META) - 3.14% |
| #10 | TESLA INC (TSLA) - 1.65% | MICRON TECHNOLOGY INC (MU) - 2.44% |
| #11 | JPMORGAN CHASE & CO (JPM) - 1.43% | n/a (n/a) - 2.17% |
| #12 | ELI LILLY AND CO (LLY) - 1.42% | n/a (SPCX) - 2.03% |
| #13 | FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 1.42% | ADVANCED MICRO DEVICES INC (AMD) - 1.97% |
| #14 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.38% | WALMART INC (WMT) - 1.95% |
| #15 | ADVANCED MICRO DEVICES INC (AMD) - 1.36% | INTEL CORP (INTC) - 1.18% |
| #16 | EXXONMOBIL HOLDINGS CORP (XOM) - 0.98% | APPLIED MATERIALS INC (AMAT) - 1.00% |
| #17 | JOHNSON & JOHNSON (JNJ) - 0.93% | CISCO SYSTEMS INC (CSCO) - 0.98% |
| #18 | VISA INC CLASS A (V) - 0.92% | COSTCO WHOLESALE CORP (COST) - 0.91% |
| #19 | INTEL CORP (INTC) - 0.76% | LAM RESEARCH CORP (LRCX) - 0.90% |
| #20 | WALMART INC (WMT) - 0.74% | n/a (PLTR) - 0.67% |
| #21 | WESTERN DIGITAL CORP (WDC) - 0.28% | NETFLIX INC (NFLX) - 0.64% |
| #22 | QUALCOMM INC (QCOM) - 0.28% | KLA CORP (KLAC) - 0.64% |
| #23 | MARVELL TECHNOLOGY INC (MRVL) - 0.28% | PALO ALTO NETWORKS INC (PANW) - 0.62% |
| #24 | ARISTA NETWORKS INC (ANET) - 0.28% | TEXAS INSTRUMENTS INC (TXN) - 0.59% |
| #25 | VERIZON COMMUNICATIONS INC (VZ) - 0.28% | LINDE PLC (LIN) - 0.52% |
| Total Holdings | 472 | 987 |
SPYI vs ONEQ - Historical Returns
Returns include dividend reinvestment.
1M
SPYI
+2.71%
Winner
ONEQ
+3.34%
3M
Winner
SPYI
+5.08%
ONEQ
+3.84%
6M
SPYI
+9.16%
Winner
ONEQ
+16.92%
1Y
SPYI
+19.85%
Winner
ONEQ
+27.08%
5Y(CAGR)
SPYI
N/A
ONEQ
+13.67%
10Y(CAGR)
SPYI
N/A
ONEQ
+18.98%
Max(CAGR)
Winner
SPYI
+15.62%
ONEQ
+13.45%
SPYI vs ONEQ - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | SPYI | ONEQ |
|---|---|---|
| 2026 | +10.52% | +15.87% |
| 2025 | +16.80% | +21.08% |
| 2024 | +19.49% | +31.75% |
| 2023 | +18.18% | +46.53% |
| 2022 | -2.44% | -32.97% |
| 2021 | N/A | +24.00% |
| 2020 | N/A | +43.15% |
| 2019 | N/A | +37.55% |
| 2018 | N/A | -4.54% |
| 2017 | N/A | +28.37% |
| 2016 | N/A | +11.35% |
| 2015 | N/A | +7.55% |
| 2014 | N/A | +15.19% |
| 2013 | N/A | +35.41% |
| 2012 | N/A | +15.29% |
| 2011 | N/A | -2.18% |
| 2010 | N/A | +16.05% |
| 2009 | N/A | +39.93% |
| 2008 | N/A | -38.87% |
| 2007 | N/A | +9.80% |
| 2006 | N/A | +8.55% |
| 2005 | N/A | +3.01% |
| 2004 | N/A | +8.54% |
| 2003 | N/A | +9.20% |
SPYI vs ONEQ Drawdown Comparison
The maximum drawdown for SPYI was -16.46%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.
The maximum drawdown for ONEQ was -55.09%, occurring on Mar 9, 2009. Recovery took 823 trading sessions.
The current ONEQ drawdown is -1.14%.
| Rank | SPYI | ONEQ |
|---|---|---|
| #1 | -16.46% Feb 19, 2025 - Jun 25, 2025 | -55.09% Oct 31, 2007 - Feb 7, 2011 |
| #2 | -10.18% Sep 12, 2022 - Feb 1, 2023 | -35.23% Nov 19, 2021 - Jan 29, 2024 |
| #3 | -7.70% Feb 25, 2026 - Apr 15, 2026 | -30.16% Feb 19, 2020 - Jun 5, 2020 |
| #4 | -7.54% Jul 28, 2023 - Dec 13, 2023 | -24.09% Dec 16, 2024 - Jun 26, 2025 |
| #5 | -6.60% Jul 16, 2024 - Aug 19, 2024 | -23.27% Aug 31, 2018 - Apr 23, 2019 |
| #6 | -6.03% Feb 6, 2023 - Apr 13, 2023 | -18.54% Jul 7, 2011 - Feb 2, 2012 |
| #7 | -4.65% Mar 28, 2024 - May 15, 2024 | -18.36% Jan 20, 2004 - Dec 3, 2004 |
| #8 | -3.96% Nov 12, 2025 - Nov 28, 2025 | -17.65% Jul 20, 2015 - Jul 29, 2016 |
| #9 | -3.83% Jun 2, 2026 - Jul 10, 2026 | -14.70% Apr 19, 2006 - Oct 16, 2006 |
| #10 | -3.50% Aug 30, 2024 - Sep 19, 2024 | -13.24% Jul 10, 2024 - Oct 29, 2024 |
| #11 | -3.11% Dec 6, 2024 - Jan 22, 2025 | -12.72% Dec 30, 2004 - Jul 20, 2005 |
| #12 | -2.85% Jul 15, 2026 - Aug 3, 2026 | -12.64% Oct 29, 2025 - Apr 15, 2026 |
| #13 | -2.32% Oct 8, 2025 - Oct 20, 2025 | -11.96% Sep 2, 2020 - Nov 25, 2020 |
| #14 | -2.15% Feb 2, 2026 - Feb 25, 2026 | -11.77% Mar 27, 2012 - Sep 6, 2012 |
| #15 | -2.09% Dec 11, 2025 - Dec 22, 2025 | -10.92% Sep 19, 2012 - Feb 1, 2013 |
Correlation
Correlation between SPYI and ONEQ is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (2003 - 2026)
SPYI vs ONEQ dividend yield comparison.
| Year | SPYI | ONEQ |
|---|---|---|
| 2026 | 6.80% | 0.57% |
| 2025 | 11.70% | 0.54% |
| 2024 | 12.04% | 0.65% |
| 2023 | 12.01% | 0.71% |
| 2022 | 4.10% | 0.97% |
| 2021 | 0.00% | 0.54% |
| 2020 | 0.00% | 0.71% |
| 2019 | 0.00% | 2.51% |
| 2018 | 0.00% | 1.08% |
| 2017 | 0.00% | 0.84% |
| 2016 | 0.00% | 1.12% |
| 2015 | 0.00% | 1.04% |
| 2014 | 0.00% | 1.19% |
| 2013 | 0.00% | 0.84% |
| 2012 | 0.00% | 1.42% |
| 2011 | 0.00% | 0.85% |
| 2010 | 0.00% | 0.68% |
| 2009 | 0.00% | 0.51% |
| 2008 | 0.00% | 0.92% |
| 2007 | 0.00% | 0.57% |
| 2006 | 0.00% | 0.46% |
| 2005 | 0.00% | 0.97% |
| 2004 | 0.00% | 1.20% |
| 2003 | 0.00% | 0.09% |
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