ETF Comparison
XDTE vs SPYI: Which Is the Better Pick in 2026?
A head-to-head comparison of Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call and NEOS S&P 500 High Income ETF covering yield, cost, risk, and income potential.
Data updated April 2, 2026
Side-by-side snapshot
| XDTE | SPYI | |
|---|---|---|
| Full name | Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call | NEOS S&P 500 High Income ETF |
| Issuer | Roundhill Investments | NEOS |
| Price | $36.51 | $49.37 |
| Distribution yield | 36.85% | 12.04% |
| Expense ratio | 0.97% | 0.68% |
| AUM | $350M | $8.1B |
| Distribution frequency | Weekly | Monthly |
| Underlying index | SPX | S&P 500 Index |
| Objective | Covered Call | Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation. |
| Asset class | Equity | Equity |
| Inception date | 08/15/2024 | 08/29/2022 |
| Beta | 0.0 | 0.68 |
| Last dividend | $0.21 | $0.53 |
| Ex-dividend date | 04/01/2026 | 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
XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) and SPYI (NEOS S&P 500 High Income ETF) are both popular weekly-pay covered call ETFs, but they take different approaches.
XDTE offers the higher yield at 36.85% 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 0.97%.
They track different benchmarks: XDTE is linked to SPX 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, XDTE would generate roughly $307.08/month while SPYI would produce $100.33/month at current distribution rates. Both pay weekly distributions.
Cost & efficiency
Over 10 years on $10,000, XDTE would cost approximately $970 in fees vs $680 for SPYI (simplified, not compounded). The $290.00 difference may be offset by yield or performance.
Strategy & risk
XDTE tracks SPX with a covered call 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 XDTE and 0.68 for SPYI, indicating XDTE is less volatile relative to the market.
Fund details
XDTE is managed by Roundhill Investments (launched 08/15/2024) with $350M 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 XDTE or SPYI better for dividend income?
It depends on your goals. XDTE 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 XDTE and SPYI?
XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) tracks SPX with a covered call 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 Roundhill Investments and NEOS respectively.
Can I hold both XDTE 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, XDTE or SPYI?
XDTE has an expense ratio of 0.97% 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 XDTE vs SPYI generate?
At current yields, $10,000 in XDTE would generate roughly $307.08 per month ($3,685.00 annually). The same in SPYI would produce about $100.33 per month ($1,204.00 annually).
More comparisons to explore
People also compare SPYI with
Popular comparisons
Go deeper
Use the full ETF Comparator to add more funds, view radar charts, and generate AI reports.