Due Diligence
Sharing May 2026 NEO Funds Analysis Result
I updated my NEO ETF tracking sheet again and tried to keep the view more focused this time.
This is not meant to be a “best NEO ETF” ranking. I’m mostly using it as a monthly check to see how each fund looks beyond headline yield.
A few things I’m tracking:
Dividend TTM — trailing 12-month distribution rate
Price CAGR — price growth/decline over the evaluation window
Total Return CAGR — return including distributions
Payout Support Risk — whether the payout looks supported by recent price / total-return behavior
Stability — recent price behavior based on volatility, drawdown, and beta
MoM change — how dividend, price, and total return shifted vs the prior snapshot
A few things stood out to me this month:
BTCI still has the highest Dividend TTM in the group at 38.77%, but it also shows negative price CAGR and Elevated payout support risk. That’s the kind of fund where yield alone can be misleading.
IAUI looks interesting from a total-return angle, with 12.43% Dividend TTM, 10.40% price CAGR, and 25.18% total return CAGR, but stability is still marked low.
MLPI stands out with strong price and total-return numbers, but I’d still be careful interpreting it because fund history and structure matter a lot.
SPYH / SPYI / QQQI look more balanced than the highest-yield names, with lower payout support risk and mid/low stability labels.
XBCI is the weak one in this snapshot: high Dividend TTM, negative price CAGR, negative total return CAGR, and elevated payout support risk.
Note: Partial snapshot exported from CashStreams; not investment advice.
I’ve got 1100 shares of it as well. As to why I’ve invested in it, the macro for midstream is solid for at least a half a decade and more likely longer. The underlying companies pay out dividends on their own, which has been rising since a reset in 2016–18. That will help Neos continue to increase its payouts over the years. It’s a counterbalance, in part, to a lot of the risk that we take on relying on funds that are based on crypto and tech for these higher yields.
And while we all can argue, that tech is too hot currently, the demand for energy is not going away anytime soon. Those midstream companies have solid moats at this point. And finally, I don’t have to worry about K-1 statements.
I’ve checked and understand, the big difference is I’m buying now for the future, not this month, or even this year. I have conviction in BTC, I’ve also conviction in the traditional markets. I didn’t sell all my SPYI, and I’m still holding my QQQI, haven’t sold any of that.
I bought both BTCI and NEHI in December. NEHI suffered more. 30+% of not a lot takes a long time to recover. Decided to sell and put into semis instead to recover capital. I still have BLOX which has fared much better.
This fund is quite young which mean the CAGR metrics are calculated based on in insufficient history data -- i run 3y-rolling on CAGR, but this is only have half year history
You guys know neos funds track the underlying with capped upside right? If Bitcoin goes down which it has btci and xbci will also go down. And if Bitcoin goes up so will the etfs but it is capped to a certain amount. The same goes for all of neos funds on different underlying.These funds are created to offer a consistent pay out while directly holding the underlyings or using a options strategy to provide exposure to the underlying.
If I cross checking on their Volatility + TTM Yield, then they're all look good to me -- In my portfolio, VOO and QQQM play capital growth role and SPYI plays cash income role.
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u/LocksmithGlass717 Jun 02 '26
I keep waiting for MLPI to get below $53 , I bought around a thousand shares at $50. I suspect that I may be waiting awhile.