SPYI vs PAAA
Comparison between NEOS S&P 500(R) HIGH INCOME ETF (SPYI, ETF) and PGIM AAA CLO ETF (PAAA, ETF).
SPYI vs PAAA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPYI
$10B
Winner
PAAA
$10B
Expense Ratio
SPYI
0.68%
Winner
PAAA
0.19%
Max Drawdown
SPYI
18.53%
Winner
PAAA
1.81%
Sharpe Ratio
SPYI
1.62
Winner
PAAA
2.99
5Y Beta
SPYI
0.83
Winner
PAAA
0.03
P/E Ratio
SPYI
29.13
PAAA
N/A
Forward P/E
SPYI
21.61
PAAA
N/A
5Y EPS CAGR
SPYI
29.39%
PAAA
N/A
Debt to Equity
SPYI
42.84%
PAAA
N/A
P/S Ratio
SPYI
3.72
PAAA
N/A
P/B Ratio
SPYI
5.62
PAAA
N/A
SPYI vs PAAA - Historical Returns
Returns include dividend reinvestment.
1M
SPYI
+0.10%
Winner
PAAA
+0.34%
3M
Winner
SPYI
+5.72%
PAAA
+1.38%
6M
Winner
SPYI
+6.53%
PAAA
+2.50%
1Y
Winner
SPYI
+20.09%
PAAA
+5.18%
Max(CAGR)
Winner
SPYI
+15.03%
PAAA
+6.57%
SPYI vs PAAA - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | SPYI | PAAA |
|---|---|---|
| 2026 | +5.84% | +2.04% |
| 2025 | +16.80% | +5.35% |
| 2024 | +19.49% | +7.42% |
| 2023 | +18.18% | +3.82% |
| 2022 | -2.44% | N/A |
SPYI vs PAAA Drawdown Comparison
The maximum drawdown for SPYI was -16.46%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.
The maximum drawdown for PAAA was -1.04%, occurring on Apr 10, 2025. Recovery took 17 trading sessions.
The current SPYI drawdown is -2.11%.
| Rank | SPYI | PAAA |
|---|---|---|
| #1 | -16.46% Feb 19, 2025 - Jun 25, 2025 | -1.04% Apr 1, 2025 - Apr 25, 2025 |
| #2 | -10.18% Sep 12, 2022 - Feb 1, 2023 | -0.27% Feb 7, 2024 - Feb 22, 2024 |
| #3 | -7.70% Feb 25, 2026 - Apr 15, 2026 | -0.25% Mar 3, 2025 - Mar 27, 2025 |
| #4 | -7.54% Jul 28, 2023 - Dec 13, 2023 | -0.17% Feb 26, 2026 - Mar 17, 2026 |
| #5 | -6.60% Jul 16, 2024 - Aug 19, 2024 | -0.17% Nov 24, 2023 - Nov 29, 2023 |
| #6 | -6.03% Feb 6, 2023 - Apr 13, 2023 | -0.16% Mar 27, 2025 - Apr 1, 2025 |
| #7 | -4.65% Mar 28, 2024 - May 15, 2024 | -0.12% Oct 14, 2025 - Oct 20, 2025 |
| #8 | -3.96% Nov 12, 2025 - Nov 28, 2025 | -0.09% Mar 5, 2024 - Mar 13, 2024 |
| #9 | -3.50% Aug 30, 2024 - Sep 19, 2024 | -0.08% Aug 9, 2024 - Aug 14, 2024 |
| #10 | -3.11% Dec 6, 2024 - Jan 22, 2025 | -0.08% Feb 20, 2025 - Feb 26, 2025 |
| #11 | -2.40% Jun 2, 2026 - Jun 5, 2026 | -0.06% May 2, 2025 - May 8, 2025 |
| #12 | -2.32% Oct 8, 2025 - Oct 20, 2025 | -0.06% May 8, 2025 - May 12, 2025 |
| #13 | -2.15% Feb 2, 2026 - Feb 25, 2026 | -0.06% Nov 12, 2024 - Nov 15, 2024 |
| #14 | -2.09% Dec 11, 2025 - Dec 22, 2025 | -0.06% Nov 15, 2024 - Nov 21, 2024 |
| #15 | -1.86% Jan 12, 2026 - Jan 27, 2026 | -0.05% Jan 23, 2024 - Jan 29, 2024 |
Correlation
Correlation between SPYI and PAAA is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2022 - 2026)
SPYI vs PAAA dividend yield comparison.
| Year | SPYI | PAAA |
|---|---|---|
| 2026 | 4.96% | 1.88% |
| 2025 | 11.70% | 5.12% |
| 2024 | 12.04% | 5.88% |
| 2023 | 12.01% | 2.76% |
| 2022 | 4.10% | 0.00% |
Select Stocks to Compare
Popular: SPYI vs SPYPAAA vs SPY
More Comparisons
Compare with similar stocks