SGOV vs SPYI: ETF Comparison
Compare SGOV (iShares 0-3 Month Treasury Bond ETF) and SPYI (NEOS S&P 500 High Income ETF) side by side by average annual total return since inception — one fair number covering price and dividends.
Updated Sep 15, 2026
*For entertainment purposes ONLY! NOT financial advice! Data may be inaccurate.*
SGOV vs SPYI: The Verdict
On average annual total return since inception, SPYI decisively outperforms SGOV: +15.2% per year vs +2.9% per year — a gap of 12.2 percentage points annually. Total return counts both price movement and dividends, so this is the whole picture of each fund's performance, not just yield.
Income investors will notice the yield gap: SPYI currently yields 12.04% vs SGOV's 3.50%. Higher yield often comes with trade-offs in price appreciation, which is exactly why total return is the fairer scoreboard.
SGOV vs SPYI Side-by-Side Data
| Symbol | Name | Provider | Inception | Age | Total Return | Avg. Annual Return | Yield | Expense Ratio | Grade |
|---|---|---|---|---|---|---|---|---|---|
| SGOV | iShares 0-3 Month Treasury Bond ETF | iShares | 5/26/2020 | 6.3y | +20.0% | +2.9% | 3.50% | 0.09% | C |
| SPYI | NEOS S&P 500 High Income ETF | NEOS | 8/30/2022 | 4.0y | +77.0% | +15.2% | 12.04% | 0.68% | B |
SGOV vs SPYI — Frequently Asked Questions
Which is better, SGOV or SPYI?
By average annual total return since inception, SPYI decisively outperforms SGOV (+15.2% vs +2.9% per year). "Better" depends on your goals — yield, payout frequency, and strategy differ between the two funds.
What is the difference between SGOV and SPYI?
SGOV (iShares 0-3 Month Treasury Bond ETF) is offered by iShares and currently yields 3.50%. SPYI (NEOS S&P 500 High Income ETF) is offered by NEOS and yields 12.04%. Their average annual total returns since inception are +2.9% and +15.2% respectively.
Does SPYI pay a higher dividend than SGOV?
SPYI currently yields 12.04% and SGOV yields 3.50%. Remember that yield alone doesn't capture performance — total return (price + dividends) is the fairer comparison.