ETF Comparison
OMAH vs SPYI: Which Is the Better Pick in 2026?
A head-to-head comparison of VistaShares Omaha ETF and NEOS S&P 500 High Income ETF covering yield, cost, risk, and income potential.
Data updated April 2, 2026
Side-by-side snapshot
| OMAH | SPYI | |
|---|---|---|
| Full name | VistaShares Omaha ETF | NEOS S&P 500 High Income ETF |
| Issuer | VistaShares | NEOS |
| Price | $18.02 | $49.37 |
| Distribution yield | 15.13% | 12.04% |
| Expense ratio | 0.95% | 0.68% |
| AUM | $689M | $8.1B |
| Distribution frequency | Monthly | Monthly |
| Underlying index | Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay | S&P 500 Index |
| Objective | Actively managed options income ETF that seeks a 15% annual distribution target by owning Berkshire Hathaway Class B shares and deploying a systematic call-writing overlay for monthly cash flow. | Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. |
| Asset class | Equity | Equity |
| Inception date | 03/05/2025 | 08/29/2022 |
| Beta | 0.0 | 0.68 |
| Last dividend | $0.23 | $0.53 |
| Ex-dividend date | 03/30/2026 | 01/21/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
OMAH (VistaShares Omaha ETF) and SPYI (NEOS S&P 500 High Income ETF) are both popular monthly-pay actively managed options income etf that seeks a 15% annual distribution target by owning berkshire hathaway class b shares and deploying a systematic call-writing overlay for monthly cash flow. ETFs, but they take different approaches.
OMAH offers the higher yield at 15.13% vs 12.04% for SPYI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SPYI is cheaper with an expense ratio of 0.68% compared to 0.95%.
They track different benchmarks: OMAH is linked to Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay while SPYI tracks S&P 500 Index, which means their performance drivers differ.
SPYI is the larger fund by assets ($8.1B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, OMAH would generate roughly $126.08/month while SPYI would produce $100.33/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, OMAH would cost approximately $950 in fees vs $680 for SPYI (simplified, not compounded). The $270.00 difference may be offset by yield or performance.
Strategy & risk
OMAH tracks Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay with a actively managed options income etf that seeks a 15% annual distribution target by owning berkshire hathaway class b shares and deploying a systematic call-writing overlay for monthly cash flow. approach, while SPYI tracks S&P 500 Index using a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. strategy. Beta is 0.0 for OMAH and 0.68 for SPYI, indicating OMAH is less volatile relative to the market.
Fund details
OMAH is managed by VistaShares (launched 03/05/2025) with $689M in assets. SPYI is managed by NEOS (launched 08/29/2022) with $8.1B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is OMAH or SPYI better for dividend income?
It depends on your goals. OMAH currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between OMAH and SPYI?
OMAH (VistaShares Omaha ETF) tracks Berkshire Hathaway Inc. Class B (BRK.B) with an options overlay with a actively managed options income etf that seeks a 15% annual distribution target by owning berkshire hathaway class b shares and deploying a systematic call-writing overlay for monthly cash flow. strategy, while SPYI (NEOS S&P 500 High Income ETF) tracks S&P 500 Index with a seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. approach. They are issued by VistaShares and NEOS respectively.
Can I hold both OMAH and SPYI?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, OMAH or SPYI?
OMAH has an expense ratio of 0.95% while SPYI charges 0.68%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in OMAH vs SPYI generate?
At current yields, $10,000 in OMAH would generate roughly $126.08 per month ($1,513.00 annually). The same in SPYI would produce about $100.33 per month ($1,204.00 annually).
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