SPYI
ETFNeos S&P 500(R) High Income ETF
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Neos S&P 500(R) High Income ETF is 5.7% off its high — a mild dip, shallower than its 1.3% average pullback. Whatever the news says today, this isn't historically significant.
Slightly Elevated
Current Drawdown
-5.7%
Days in Drawdown
60
Avg Max Drawdown
1.3%
Avg Length
12
Drawdown Severity Score™
1.1
SPYI - Price & High Water Mark
SPYI - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Neos S&P 500(R) High Income ETF (SPYI) Analysis: Current Drawdown Insights
Neos S&P 500(R) High Income ETF is currently in a moderate drawdown. As of 2026-11-06, the fund is trading at $51.29, down 5.7% from its all-time high of $54.41. This pullback has lasted 60 days.
SPYI by the numbers
- Over the past 4 years, SPYI spent 8% of trading days further below its high than it is now.
- Since 2022, SPYI has had 2 declines of 10% or more, and none of 20% or more.
- Its 10%+ declines have typically taken 4 months to recover to a new high.
- Its worst decline on record began in Feb 2025 and reached 16%. It was 4 months before SPYI closed at a new high.
The Drawdown Severity Score™ for Neos S&P 500(R) High Income ETF currently stands at 1.05. A score below 2.0 indicates a normal drawdown within the fund's typical range: a routine pullback.
New to drawdowns? Read what a drawdown is.
📜 Historical Drawdown Events
Current drawdown shown in blue. Below are 8 of SPYI's larger declines from its 94 tracked pullbacks, newest first.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-09-07 | Ongoing | 60 days | -5.7% | $54.41 | $51.29 | n/a |
| 2026-02-26 | 2026-04-15 | 48 days | -7.7% | $51.99 | $47.97 | $52.10 |
| 2025-11-13 | 2025-11-28 | 16 days | -4.0% | $50.42 | $48.42 | $50.59 |
| 2025-02-20 | 2025-06-25 | 125 days | -16.5% | $45.53 | $38.03 | $45.55 |
| 2024-07-17 | 2024-08-19 | 34 days | -6.6% | $41.46 | $38.72 | $41.70 |
| 2024-04-01 | 2024-05-15 | 45 days | -4.6% | $39.51 | $37.68 | $39.58 |
| 2023-08-02 | 2023-12-13 | 134 days | -7.5% | $36.39 | $33.64 | $36.44 |
| 2023-02-07 | 2023-04-13 | 65 days | -6.0% | $33.42 | $31.41 | $33.48 |
| 2022-09-13 | 2023-02-02 | 143 days | -10.2% | $32.86 | $29.52 | $33.00 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
Know the Moment Severity Changes
Since 2016, 75% of 1,138 Strong Buy and Ultra Buy alerts are in profit, up 191% on average vs 135% for the S&P 500 over the same windows (typical alert +76% vs +105%).
See every alert, losers included • Simulated, past results do not predict future results
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Or explore current drawdowns:
SPYI Price History and Drawdown Data
Latest price
$51.29
High-water mark
$54.41
Current drawdown
-5.7%
Days in drawdown
60
What History Says About SPYI
Neos S&P 500(R) High Income ETF has dropped 5%+ from its high 6 times in its tracked history. These events lasted an average of 92 days with an average max drop of -9.1%.
The current drawdown of -5.7% has lasted 60 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Feb 2025 to Jun 2025 | -16.5% | 125 days |
| Sep 2022 to Feb 2023 | -10.2% | 143 days |
| Feb 2026 to Apr 2026 | -7.7% | 48 days |
| Aug 2023 to Dec 2023 | -7.5% | 134 days |
| Jul 2024 to Aug 2024 | -6.6% | 34 days |
| Feb 2023 to Apr 2023 | -6.0% | 65 days |
Past Strong Buy alerts for SPYI
In our simulation, SPYI has not had a Strong Buy or Ultra Buy alert since 2016.
See the full track record, losers includedGet a free email when SPYI drops further than usual
We'll watch Neos S&P 500(R) High Income ETF and email you only when it falls further than it usually does.
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ETFs in a similar drawdown
These are the tracked ETFs whose current drawdown from their prior high is closest to SPYI's. Percentages are each one's current drawdown. This is a comparison list, not a recommendation.
- IWViShares Russell 3000 ETF-5.7% current drawdown
- VTIVanguard Total Stock Market Index Fund ETF Shares-5.8% current drawdown
- SPYMState Street SPDR Portfolio S&P 500 ETF-5.6% current drawdown
- VOOVanguard S&P 500 ETF-5.6% current drawdown
- SPYSPDR S&P 500 ETF-5.6% current drawdown
- GSIEGoldman Sachs ActiveBeta International Equity ETF-5.9% current drawdown
ETFs that usually fall about as much as SPYI
Ranked by the average size of each one's declines from a high over its tracked history. SPYI's average is 1.2%. This is a comparison list, not a recommendation.
- XBBondBloxx B Rated USD High Yield Corporate Bond ETF0.8%average decline
- PSKSPDR ICE Preferred Securities ETF0.9%average decline
- JEPIJPMorgan Equity Premium Income ETF1.1%average decline
- BABInvesco Taxable Municipal Bond ETF1.3%average decline
- TECHarbor Transformative Technologies ETF1.4%average decline
- EMLCVanEck J.P. Morgan EM Local Currency Bond ETF1.4%average decline
Learn More About Drawdowns
What is a Drawdown?
Definition, formula, and real examples
Biggest Drawdowns Ranked
How this asset's decline compares with the deepest in the tracked record
S&P 500 Drawdown History
Every major index decline with depth, duration, and recovery
Understanding Severity Scores
How our scoring compares to maximum drawdown
Our Methodology
Technical details behind the data
The Drawdown Severity Score
Our proprietary scoring algorithm explained
Latest Analysis
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About this data
- Source
- Adjusted daily closing prices from Yahoo Finance, so splits and dividends don't show up as drops.
- Coverage
- Aug 30, 2022 to Nov 6, 2026, about 4 years. 94 declines from a high recorded for SPYI.
- Updated
- After each U.S. trading day closes. This page shows the close of Nov 6, 2026.
- How it's calculated
- A drawdown runs from a closing high to the next new high. See the methodology and how the Severity Score works.
Published by DrawdownAlerts. Historical facts only, not investment advice.