Computed head-to-head · 6 dimensions

DGRW vs SPYI

WisdomTree U.S. Quality Dividend Growth Fund versus NEOS S&P 500 High Income ETF — yield, safety, growth trend, cost, scale, and tax treatment.

DGRW wins 3–1 on our six-dimension comparison, but SPYI can still be the better fit depending on your priorities — see each dimension below.

Scorecard at a glance

Dimension	DGRW	SPYI	Winner
Yield	1.34%	1.46%	SPYI wins
Dividend safety	6.9/10	6.9/10	Tie
Growth trend	—	—	Tie
Expense ratio	28.00%	68.00%	DGRW wins
Scale	$16.2B	$10.4B	DGRW wins
Tax efficiency	Qualified-eligible	Ordinary income	DGRW wins
Overall	3 wins	1 wins	DGRW wins

Dimension by dimension

SPYI wins on yield (1.46% vs 1.34%)

On a $10,000 investment that's about $12 more in annual dividend income before taxes — though higher yield often comes with higher risk.

SPYI's higher yield (1.46%) looks attractive but investors should weigh whether the extra income compensates for any additional risk versus DGRW's 1.34% — especially if the higher yield is driven by covered calls or a falling share price.

DGRW: 1.34%SPYI: 1.46%

Safety scores are too close to call (6.9/10 vs 6.9/10)

Both score within 0.3 points on our 0-10 dividend safety scale — comparable risk profiles on the signals we measure.

DGRW: 6.9/10SPYI: 6.9/10

Yield-trend comparison unavailable

One or both tickers are missing 5-year average yield data.

DGRW: —SPYI: —

DGRW is cheaper (28.00% vs 68.00%)

On a $10,000 position the lower expense ratio saves about $4000/year — small annually but compounds significantly over 20+ years.

On $10,000 invested, DGRW's lower expense ratio saves roughly $40/year in fees versus SPYI. Over 20 years that compounds to a meaningful drag — expense ratios are one of the few costs investors fully control.

DGRW: 28.00%SPYI: 68.00%

DGRW is 1.6× larger by AUM

Larger funds tend to have tighter spreads, deeper liquidity, and lower closure risk.

DGRW: $16.2BSPYI: $10.4B

DGRW is more tax-efficient in a taxable account

SPYI's distributions are typically taxed as ordinary income (covered call ETF, REIT, or mREIT) — versus qualified dividends from DGRW which get the lower long-term capital gains rate.

SPYI uses a covered-call or options strategy that typically generates ordinary income taxed at your full marginal rate. DGRW's dividends may qualify for the 0–20% qualified dividend rate. In a taxable account, DGRW keeps more of your income after taxes.

DGRW: Qualified-eligibleSPYI: Ordinary income

How we compare these

Every comparison on this page is computed from current public data, not written by hand. Yield comes from the most recent dividend distribution annualized over current price. Safety scores combine yield zone, payout ratio, trend vs 5-year average, instrument type, and size — see our methodology for the exact formula. Tax-efficiency flags identify covered-call ETFs, REITs, and mREITs which distribute primarily as ordinary income.

This is educational, not investment advice.Scores reflect a snapshot of public data on the "as of" dates shown on each ticker's safety page. Verify on the issuer's investor relations page or your brokerage before making decisions.

Frequently asked

Which is better for income, DGRW or SPYI?

DGRW wins 3–1 on our six-dimension comparison, but SPYI can still be the better fit depending on your priorities — see each dimension below.

DGRW vs SPYI: which has a higher dividend yield?

DGRW yields 1.34% and SPYI yields 1.46%. On a $10,000 investment that's about $12 more in annual dividend income before taxes — though higher yield often comes with higher risk.

Is DGRW or SPYI a safer dividend in 2026?

DGRW scores 6.9/10 (Solid) on the Infnits dividend safety scale. SPYI scores 6.9/10 (Solid). Both have comparable safety scores.

Which has better dividend growth, DGRW or SPYI?