NEOS S&P 500 High Income ETF vs BlackRock TCP Capital Corp — how do they compare? NEOS S&P 500 High Income ETF trades at $53.42, while BlackRock TCP Capital Corp trades at $3.24 (market cap $270.17M). The key difference: BlackRock TCP Capital Corp pays a 26.09% dividend while NEOS S&P 500 High Income ETF pays none, and NEOS S&P 500 High Income ETF is trading nearer its 52-week high, BlackRock TCP Capital Corp nearer its low. Which is the better fit depends on your goals.
| SPYI | TCPC | |
|---|---|---|
Sector | Income / Options Overlay | Financials |
52-Week High | $54.07 | $7.64 |
52-Week Low | $47.98 | $3.14 |
Market Cap | — | $270.17M |
Dividend Yield | — | 26.09% |
Trailing returns across standard periods
Latest headlines on both assets
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 →BlackRock TCP Capital Corp is a finance company specializing in middle-market lending. It aims for high returns through income and capital appreciation while prioritizing principal protection. The company invests in debt securities and earns revenue from interest payments, fees, and some equity appreciation.
Read more on TCPC →