iShares iBoxx $ High Yield Corporate Bond ETF vs NEOS S&P 500 High Income ETF — how do they compare? iShares iBoxx $ High Yield Corporate Bond ETF trades at $79.65, while NEOS S&P 500 High Income ETF trades at $53.42. The key difference: NEOS S&P 500 High Income ETF is trading nearer its 52-week high, iShares iBoxx $ High Yield Corporate Bond ETF nearer its low. Which is the better fit depends on your goals.
| HYG | SPYI | |
|---|---|---|
Sector | Fixed Income | Income / Options Overlay |
52-Week High | $81.32 | $54.07 |
52-Week Low | $78.72 | $47.98 |
Trailing returns across standard periods
Latest headlines on both assets
HYG is the world's largest high-yield bond ETF, tracking the Markit iBoxx USD Liquid High Yield Index. It provides liquid exposure to non-investment grade corporate debt, with 2026 top holdings including Cloud Software Group and Medline.
Read more on HYG →SPYI is an actively managed ETF designed to generate high monthly income through a data-driven call option strategy on the S&P 500 Index. Unlike traditional covered call funds that often forfeit significant upside, SPYI utilizes a 'call spread' approach—selling near-the-money calls while buying out-of-the-money calls—to capture a portion of equity appreciation in rising markets. It prioritizes tax efficiency by utilizing Section 1256 contracts and tax-loss harvesting to provide investors with high-yield monthly distributions.
Read more on SPYI →