Neos Long/Short Equity Income ETF (NLSI) Alternatives
Neos Long/Short Equity Income ETF (NLSI) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NLSI. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to NLSI
NLSI charges 2.89% annually. Among ETFs in the Long-Short category, these options have the lowest expense ratios among NLSI alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Aptus International Enhanced Yield ETF | 0.45% | Jul 22, 2021 | NLSI vs IDUB | |
| Proshares Large Cap Core Plus | 0.45% | Jul 13, 2009 | NLSI vs CSM | |
| ProShares Long Online/Short Stores ETF | 0.65% | Nov 14, 2017 | NLSI vs CLIX | |
| WisdomTree Inflation Plus Fund | 0.65% | Jun 18, 2025 | NLSI vs WTIP | |
| Franklin Liberty Systematic Style Premia ETF | 0.65% | Dec 18, 2019 | NLSI vs FLSP |
Best Risk-Adjusted Alternatives to NLSI
Among ETFs in the Long-Short category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 94 | Feb 22, 2022 | NLSI vs CLSE | |
| Militia Long/Short Equity ETF | 92 | Jan 14, 2025 | NLSI vs ORR | |
| First Trust Merger Arbitrage ETF | 84 | Feb 4, 2020 | NLSI vs MARB | |
| AltShares Event-Driven ETF | 83 | Dec 31, 2014 | NLSI vs EVNT | |
| IQ Hedge Multi-Strategy Tracker ETF | 80 | Mar 25, 2009 | NLSI vs QAI |
Top Performing NLSI Alternatives (YTD)
NLSI alternatives from the Long-Short category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Harbor Long-Short Equity ETF | 20.53% | Dec 4, 2023 | NLSI vs LSEQ | |
| Leatherback Long/Short Alternative Yield ETF | 15.90% | Nov 16, 2020 | NLSI vs LBAY | |
| WisdomTree Inflation Plus Fund | 12.54% | Jun 18, 2025 | NLSI vs WTIP | |
| KFA Mount Lucas Index Strategy ETF | 8.67% | Dec 2, 2020 | NLSI vs KMLM | |
| Militia Long/Short Equity ETF | 6.70% | Jan 14, 2025 | NLSI vs ORR |
Lowest Volatility Alternatives to NLSI
NLSI alternatives from the Long-Short category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| First Trust Merger Arbitrage ETF | 5.36% | Feb 4, 2020 | NLSI vs MARB | |
| ProShares Hedge Replication | 6.90% | Jul 12, 2011 | NLSI vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | 7.55% | Mar 25, 2009 | NLSI vs QAI | |
| The Future Fund Long/Short ETF | 9.24% | Jun 20, 2023 | NLSI vs FFLS | |
| KFA Mount Lucas Index Strategy ETF | 9.84% | Dec 2, 2020 | NLSI vs KMLM |
Lowest Drawdown Alternatives to NLSI
NLSI alternatives from the Long-Short category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| First Trust Merger Arbitrage ETF | -2.43% | Feb 4, 2020 | NLSI vs MARB | |
| AltShares Event-Driven ETF | -4.84% | Dec 31, 2014 | NLSI vs EVNT | |
| ProShares Hedge Replication | -4.85% | Jul 12, 2011 | NLSI vs HDG | |
| IQ Hedge Multi-Strategy Tracker ETF | -5.43% | Mar 25, 2009 | NLSI vs QAI | |
| Efficient Market Portfolio Plus ETF | -5.98% | Dec 11, 2024 | NLSI vs EMPB |
Other ETFs from Neos
Most popular Neos ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | Derivative Income | 72 | -4.41% | Jan 29, 2024 | NLSI vs QQQI | |
| NEOS S&P 500 High Income ETF | Derivative Income, S&P 500 | 69 | -3.13% | Aug 29, 2022 | NLSI vs SPYI | |
| NEOS Bitcoin High Income ETF | Cryptocurrency, Derivative Income | 7 | -20.30% | Oct 16, 2024 | NLSI vs BTCI | |
| NEOS Gold High Income ETF | Derivative Income, Gold | — | 4.93% | Jun 4, 2025 | NLSI vs IAUI | |
| NEOS Russell 2000 High Income ETF | Derivative Income | 78 | 0.93% | Jun 24, 2024 | NLSI vs IWMI | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | Hedge Fund | 69 | -3.47% | Dec 19, 2019 | NLSI vs QQQH | |
| Neos Enhanced Income Cash Alternative ETF | Ultrashort Bond | 97 | 1.30% | Aug 29, 2022 | NLSI vs CSHI | |
| NEOS Real Estate High Income ETF | Derivative Income | 22 | -0.02% | Jan 14, 2025 | NLSI vs IYRI | |
| NEOS MSCI EAFE High Income ETF | Derivative Income | — | -1.22% | Sep 16, 2025 | NLSI vs NIHI | |
| Neos Enhanced Income Aggregate Bond ETF | Intermediate Core-Plus Bond | 71 | 0.68% | Aug 29, 2022 | NLSI vs BNDI |
Often Compared With NLSI
What investors most often compare with NLSI, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | S&P 500 | 65 | -4.42% | Sep 7, 2010 | NLSI vs VOO | |
| YieldMax Semiconductor Portfolio Option Income ETF | Derivative Income, Semiconductors | — | 10.53% | Apr 2, 2025 | NLSI vs CHPY | |
| Hedgeye Fourth Turning ETF | Long-Short | — | 5.30% | Nov 20, 2025 | NLSI vs HEFT |
Compare NLSI with Any Fund or Stock
Compare NLSI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.