SPYI vs SHLD
Comparison between NEOS S&P 500(R) HIGH INCOME ETF (SPYI, ETF) and GLOBAL X DEFENSE TECH ETF (SHLD, ETF).
SPYI vs SHLD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPYI
$8.10B
SHLD
$8.10B
Expense Ratio
SPYI
0.68%
Winner
SHLD
0.50%
Max Drawdown
SPYI
18.53%
Winner
SHLD
16.37%
Sharpe Ratio
Winner
SPYI
2.04
SHLD
0.87
5Y Beta
SPYI
0.82
Winner
SHLD
0.66
P/E Ratio
Winner
SPYI
28.49
SHLD
32.12
Forward P/E
Winner
SPYI
21.87
SHLD
23.80
5Y EPS CAGR
SPYI
28.89%
SHLD
N/A
Debt to Equity
Winner
SPYI
33.01%
SHLD
72.33%
P/S Ratio
SPYI
3.51
Winner
SHLD
2.14
P/B Ratio
SPYI
5.41
Winner
SHLD
4.58
SPYI vs SHLD - Holdings Comparison
SPYI and SHLD have 7 common holdings. Overlap is -3.40%
SPYI's top 25 holdings weight is 51.07%. SHLD's top 25 holdings weight is 91.28%.
| Rank | SPYI | SHLD |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.63% | LOCKHEED MARTIN CORP (LMT) - 8.19% |
| #2 | APPLE INC (AAPL) - 6.74% | RTX CORP (RTX) - 7.64% |
| #3 | MICROSOFT CORP (MSFT) - 5.32% | GENERAL DYNAMICS CORP (GD) - 6.99% |
| #4 | AMAZON.COM INC (AMZN) - 4.23% | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 6.41% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 3.39% | RHEINMETALL AG (n/a) - 6.04% |
| #6 | BROADCOM INC (AVGO) - 3.15% | HANWHA AEROSPACE CO LTD (n/a) - 5.37% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.70% | BAE SYSTEMS PLC (n/a) - 4.98% |
| #8 | META PLATFORMS INC CLASS A (META) - 2.51% | L3HARRIS TECHNOLOGIES INC (LHX) - 4.87% |
| #9 | TESLA INC (TSLA) - 1.76% | NORTHROP GRUMMAN CORP (NOC) - 4.37% |
| #10 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.48% | LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO (n/a) - 4.22% |
| #11 | JPMORGAN CHASE & CO (JPM) - 1.39% | THALES (n/a) - 4.16% |
| #12 | ELI LILLY AND CO (LLY) - 1.18% | SAAB AB CLASS B (n/a) - 3.82% |
| #13 | EXXON MOBIL CORP (XOM) - 1.04% | ELBIT SYSTEMS LTD (n/a) - 3.81% |
| #14 | MICRON TECHNOLOGY INC (MU) - 0.94% | BWX TECHNOLOGIES INC (BWXT) - 3.38% |
| #15 | WALMART INC (WMT) - 0.94% | LEIDOS HOLDINGS INC (LDOS) - 3.19% |
| #16 | JOHNSON & JOHNSON (JNJ) - 0.92% | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 2.41% |
| #17 | ADVANCED MICRO DEVICES INC (AMD) - 0.89% | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 1.75% |
| #18 | VISA INC CLASS A (V) - 0.88% | MOOG INC CLASS A (MOG-A) - 1.46% |
| #19 | CASH OFFSET (n/a) - 0.81% | KOREA AEROSPACE INDUSTRIES LTD (n/a) - 1.38% |
| #20 | COSTCO WHOLESALE CORP (COST) - 0.74% | LIG DEFENSE&AEROSPACE CO LTD (n/a) - 1.33% |
| #21 | AMPHENOL CORP CLASS A (APH) - 0.29% | AEROVIRONMENT INC (AVAV) - 1.23% |
| #22 | ARISTA NETWORKS INC (ANET) - 0.29% | BABCOCK INTERNATIONAL GROUP PLC (n/a) - 1.20% |
| #23 | TJX COMPANIES INC (TJX) - 0.29% | HANWHA SYSTEMS CO LTD ORDINARY SHARES (n/a) - 1.03% |
| #24 | INTUITIVE SURGICAL INC (ISRG) - 0.28% | DASSAULT AVIATION SA (n/a) - 1.03% |
| #25 | AMERICAN EXPRESS CO (AXP) - 0.28% | KARMAN HOLDINGS INC (KRMN) - 1.02% |
| Total Holdings | 471 | 52 |
SPYI vs SHLD - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPYI
+6.05%
SHLD
-12.95%
3M
Winner
SPYI
+4.00%
SHLD
-12.26%
6M
Winner
SPYI
+8.73%
SHLD
-0.19%
1Y
Winner
SPYI
+25.62%
SHLD
+21.76%
Max(CAGR)
SPYI
+15.37%
Winner
SHLD
+44.93%
SPYI vs SHLD - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | SPYI | SHLD |
|---|---|---|
| 2026 | +5.73% | -1.78% |
| 2025 | +16.80% | +74.68% |
| 2024 | +19.49% | +35.09% |
| 2023 | +18.18% | +12.89% |
| 2022 | -2.44% | N/A |
SPYI vs SHLD Drawdown Comparison
The maximum drawdown for SPYI was -16.46%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.
The maximum drawdown for SHLD was -16.37%, occurring on May 8, 2026. This drawdown has not yet recovered.
The current SHLD drawdown is -16.37%.
| Rank | SPYI | SHLD |
|---|---|---|
| #1 | -16.46% Feb 19, 2025 - Jun 25, 2025 | -16.37% Mar 9, 2026 - May 8, 2026 |
| #2 | -10.18% Sep 12, 2022 - Feb 1, 2023 | -15.06% Oct 8, 2025 - Jan 8, 2026 |
| #3 | -7.70% Feb 25, 2026 - Apr 15, 2026 | -10.92% Nov 11, 2024 - Feb 18, 2025 |
| #4 | -7.54% Jul 28, 2023 - Dec 13, 2023 | -10.53% Mar 18, 2025 - Apr 11, 2025 |
| #5 | -6.60% Jul 16, 2024 - Aug 19, 2024 | -8.91% Jan 16, 2026 - Mar 9, 2026 |
| #6 | -6.03% Feb 6, 2023 - Apr 13, 2023 | -5.42% Sep 18, 2023 - Oct 9, 2023 |
| #7 | -4.65% Mar 28, 2024 - May 15, 2024 | -5.39% Aug 6, 2025 - Sep 10, 2025 |
| #8 | -3.96% Nov 12, 2025 - Nov 28, 2025 | -4.96% Apr 8, 2024 - May 9, 2024 |
| #9 | -3.50% Aug 30, 2024 - Sep 19, 2024 | -4.52% Aug 30, 2024 - Oct 1, 2024 |
| #10 | -3.11% Dec 6, 2024 - Jan 22, 2025 | -4.49% Oct 18, 2024 - Nov 6, 2024 |
| #11 | -2.32% Oct 8, 2025 - Oct 20, 2025 | -4.17% May 31, 2024 - Jul 15, 2024 |
| #12 | -2.15% Feb 2, 2026 - Feb 25, 2026 | -3.79% Feb 18, 2025 - Mar 3, 2025 |
| #13 | -2.09% Dec 11, 2025 - Dec 22, 2025 | -3.62% May 8, 2025 - May 16, 2025 |
| #14 | -1.86% Jan 12, 2026 - Jan 27, 2026 | -3.55% Jul 31, 2024 - Aug 9, 2024 |
| #15 | -1.80% May 1, 2023 - May 17, 2023 | -3.15% Oct 16, 2023 - Nov 2, 2023 |
Correlation
Correlation between SPYI and SHLD is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2022 - 2026)
SPYI vs SHLD dividend yield comparison.
| Year | SPYI | SHLD |
|---|---|---|
| 2026 | 3.91% | 0.00% |
| 2025 | 11.70% | 0.55% |
| 2024 | 12.04% | 0.53% |
| 2023 | 12.01% | 0.26% |
| 2022 | 4.10% | 0.00% |
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