NEOS S&P 500 High Income ETF hits $10B AUM with 12% yield, outpacing JPMorgan's JEPI fund.

The NEOS S&P 500 High Income ETF (SPYI) recently surpassed $10 billion in assets, offering a roughly 12% annualized yield, higher than JPMorgan's JEPI fund which yields in the high single digits. SPYI holds the S&P 500 directly and writes index options, benefiting from favorable tax treatment that defers taxes for investors, making it attractive for taxable accounts. Its distributions are steady, and it has outperformed JEPI in total returns over one and five years. While SPYI has higher fees and more market exposure risk, it suits taxable retirees seeking stable, higher income, whereas JEPI may appeal more to those prioritizing downside protection in tax-advantaged accounts.