What is the risk profile of SPYI, and how does it align with the user's investment goals?

The risk profile of the SPYI ETF is characterized by its moderate risk metrics, active management style, and high income distribution, which may align well with a user seeking regular income with moderate risk tolerance. 1. **Risk Metrics**: - The beta of SPYI is 0.99, indicating it moderately tracks the S&P 500's volatility. - The maximum drawdown over the past year was 19.68%, suggesting significant downside risk in volatile markets. - The volatility rate is 0.58%, which, while low, indicates the fund’s price can fluctuate around its mean. |code|Ticker|Name|Date|Weekly Volatility|market_code| |---|---|---|---|---|---| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240702|0.490368|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240703|0.496269|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240705|0.201885|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240708|0.13206|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240709|0.163275|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240710|0.161503|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240711|0.334983|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240712|0.30367|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240715|0.285984|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240716|0.292279|171| |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240702|0.457438|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240703|0.277173|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240705|0.35538|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240708|0.098367|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240709|0.078616|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240710|0.451689|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240711|-0.410557|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240712|0.235571|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240715|0.176263|171| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20240716|0.254154|171| 2. **Moving Averages**: - The 5-day, 10-day, and 20-day moving averages are $50.16, $50, and $49.84 respectively, showing short-term price trends below long-term averages. - The 30-day, 50-day, and 60-day moving averages are $49.56, $48.77, and $48.16 respectively, reinforcing a downward trend signal. - The 120-day, 200-day, and 250-day moving averages are $49.26, $50.22, and $50.2 respectively, suggesting a potential bottoming out of the price trend. |code|Ticker|Name|Date|Moving Average|market_code| |---|---|---|---|---|---| |SPYI|SPYI.B|NEOS S&P 500 High Income ETF|20250701|50.1640|171| 3. **Fund Style and Performance**: - SPYI is an actively managed ETF with a focus on high monthly income, aiming for tax efficiency. - It employs a call options strategy to generate income and has a dividend frequency of monthly, with a dividend rate of 12.48%. - The fund’s performance is described as having a “targeted benefits of SPYI's strategy,” which may appeal to users prioritizing income over capital appreciation. 4. **Risk Alignment**: - Users with a moderate risk tolerance and a preference for regular income distributions may find SPYI suitable, given its active management and income-focused strategy. - Those seeking to minimize risk entirely or prioritize capital gains over income may require a different investment approach. In conclusion, SPYI’s risk profile, with its active management, moderate beta, and high income focus, aligns best with a user who prioritizes regular income with a moderate risk tolerance.