PDI vs SPYI: ETF Comparison
Compare PDI (PIMCO Dynamic Income Fund) 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 Aug 4, 2026
*For entertainment purposes ONLY! NOT financial advice! Data may be inaccurate.*
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PDI vs SPYI: The Verdict
On average annual total return since inception, SPYI holds a clear edge over PDI: +14.6% per year vs +10.0% per year — a gap of 4.6 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.
Keep the track records in mind: PDI has been trading for 14.2 years, while SPYI has only 3.9 years of history. A shorter track record means the younger fund's average has been shaped by fewer market environments — one strong or weak stretch moves the needle more.
Income investors will notice the yield gap: PDI currently yields 16.10% vs SPYI's 11.94%. Higher yield often comes with trade-offs in price appreciation, which is exactly why total return is the fairer scoreboard.
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PDI vs SPYI Side-by-Side Data
| Symbol | Name | Provider | Inception | Age | Total Return | Avg. Annual Return | Yield | Expense Ratio | Grade |
|---|---|---|---|---|---|---|---|---|---|
| PDI | PIMCO Dynamic Income Fund | Pimco | 5/25/2012 | 14.2y | +289.0% | +10.0% | 16.10% | 1.10% | C |
| SPYI | NEOS S&P 500 High Income ETF | NEOS | 8/30/2022 | 3.9y | +71.0% | +14.6% | 11.94% | 0.68% | B |
PDI vs SPYI — Frequently Asked Questions
Which is better, PDI or SPYI?
By average annual total return since inception, SPYI holds a clear edge over PDI (+14.6% vs +10.0% per year). "Better" depends on your goals — yield, payout frequency, and strategy differ between the two funds.
What is the difference between PDI and SPYI?
PDI (PIMCO Dynamic Income Fund) is offered by Pimco and currently yields 16.10%. SPYI (NEOS S&P 500 High Income ETF) is offered by NEOS and yields 11.94%. Their average annual total returns since inception are +10.0% and +14.6% respectively.
Does SPYI pay a higher dividend than PDI?
SPYI currently yields 11.94% and PDI yields 16.10%. Remember that yield alone doesn't capture performance — total return (price + dividends) is the fairer comparison.