EIPI vs. XSPI

Last updated Aug 4, 2026

EIPI (FT Energy Income Partners Enhanced Income ETF) and XSPI (NEOS Boosted S&P 500 High Income ETF) are both Derivative Income funds. EIPI is actively managed, while XSPI is passively managed. Their -0.21 correlation means they have often moved in opposite directions in the past. EIPI charges 1.11%/yr vs 0.98%/yr for XSPI.

Performance

EIPI vs. XSPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Energy Income Partners Enhanced Income ETF (EIPI) and NEOS Boosted S&P 500 High Income ETF (XSPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EIPI

• 1D: -0.36%
• 1M: 2.40%
• 6M: 10.89%
• YTD: 16.85%
• 1Y: 21.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.31%

XSPI

• 1D: 1.48%
• 1M: 2.16%
• 6M: 8.62%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EIPI FT Energy Income Partners Enhanced Income ETF	$3.85M	$2.89M	$2.18M
XSPI NEOS Boosted S&P 500 High Income ETF	$3.62M	$3.24M	$3.19M

EIPI vs. XSPI - Yearly Performance Comparison

	2026 (YTD)
EIPI FT Energy Income Partners Enhanced Income ETF	10.89%
XSPI NEOS Boosted S&P 500 High Income ETF	8.62%

Correlation

The correlation between EIPI and XSPI is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	-0.21

Return for Risk

EIPI vs. XSPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EIPI

EIPI Risk / Return Rank: 87
EIPI Sharpe Ratio Rank: 86
EIPI Sortino Ratio Rank: 89
EIPI Omega Ratio Rank: 82
EIPI Calmar Ratio Rank: 92
EIPI Martin Ratio Rank: 86

XSPI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EIPI vs. XSPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Enhanced Income ETF (EIPI) and NEOS Boosted S&P 500 High Income ETF (XSPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EIPI	XSPI	Difference
Sharpe ratio: Return per unit of total volatility	2.12	—	—
Sortino ratio: Return per unit of downside risk	3.16	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	4.49	—	—
Martin ratio: Return relative to average drawdown	12.97	—	—

Drawdowns

EIPI vs. XSPI - Drawdown Comparison

The maximum EIPI drawdown since its inception was -12.33%, roughly equal to the maximum XSPI drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for EIPI and XSPI.

Drawdown Indicators

	EIPI	XSPI	Difference
Max Drawdown Largest peak-to-trough decline	-12.33%	-11.78%	-0.55%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	—	—
Current Drawdown Current decline from peak	-1.41%	0.00%	-1.41%
Average Drawdown Average peak-to-trough decline	-1.70%	-2.26%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	—	—

Volatility

Volatility by Period

	EIPI	XSPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.11%	18.14%	-8.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.01%	18.14%	-5.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.01%	18.14%	-5.13%

EIPI vs. XSPI - Expense Ratio Comparison

EIPI has a 1.11% expense ratio, which is higher than XSPI's 0.98% expense ratio.

Dividends

EIPI vs. XSPI - Dividend Comparison

EIPI's dividend yield for the trailing twelve months is around 6.72%, less than XSPI's 8.23% yield.

Position	TTM	2025	2024
EIPI FT Energy Income Partners Enhanced Income ETF	6.72%	9.71%	6.31%
XSPI NEOS Boosted S&P 500 High Income ETF	8.23%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EIPI and XSPI in my portfolio?

EIPI and XSPI have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EIPI or XSPI?

On fees, XSPI is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EIPI or XSPI?

XSPI is cheaper with a 0.98% expense ratio, compared with 1.11% for EIPI.

Which ETF pays a higher dividend yield, EIPI or XSPI?

XSPI has the higher dividend yield at 8.23%, compared with 6.72% for EIPI.

What is the main difference between EIPI and XSPI?

They also come from different issuers: First Trust and Neos. Their fees differ too: 1.11% for EIPI and 0.98% for XSPI.