TLTI vs. XSPI

Last updated Jun 4, 2026

TLTI (NEOS Enhanced Income 20+ Year Treasury Bond ETF) and XSPI (NEOS Boosted S&P 500 High Income ETF) are both Derivative Income funds from NEOS Investments. TLTI is actively managed, while XSPI is passively managed. At a 0.40 correlation, their price movements are largely independent. TLTI charges 0.58%/yr vs 0.98%/yr for XSPI.

Performance

TLTI vs. XSPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) and NEOS Boosted S&P 500 High Income ETF (XSPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TLTI

• 1D: -0.42%
• 1M: 0.91%
• YTD: 0.83%
• 6M: -0.98%
• 1Y: 6.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XSPI

• 1D: -0.89%
• 1M: 5.09%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLTI vs. XSPI - Yearly Performance Comparison

	2026 (YTD)
TLTI NEOS Enhanced Income 20+ Year Treasury Bond ETF	0.94%
XSPI NEOS Boosted S&P 500 High Income ETF	8.22%

Correlation

The correlation between TLTI and XSPI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026	0.40

Return for Risk

TLTI vs. XSPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TLTI

TLTI Risk / Return Rank: 20
TLTI Sharpe Ratio Rank: 20
TLTI Sortino Ratio Rank: 20
TLTI Omega Ratio Rank: 19
TLTI Calmar Ratio Rank: 22
TLTI Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLTI vs. XSPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) 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.

	TLTI	XSPI	Difference
Sharpe ratio: Return per unit of total volatility	0.71	—	—
Sortino ratio: Return per unit of downside risk	1.08	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	1.02	—	—
Martin ratio: Return relative to average drawdown	2.47	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TLTI	XSPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	1.55	-1.53

Drawdowns

TLTI vs. XSPI - Drawdown Comparison

The maximum TLTI drawdown since its inception was -8.70%, smaller than the maximum XSPI drawdown of -11.59%. Use the drawdown chart below to compare losses from any high point for TLTI and XSPI.

Drawdown Indicators

	TLTI	XSPI	Difference
Max Drawdown Largest peak-to-trough decline	-8.70%	-11.59%	+2.89%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	—	—
Current Drawdown Current decline from peak	-3.70%	-0.89%	-2.81%
Average Drawdown Average peak-to-trough decline	-3.51%	-2.23%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	—	—

Volatility

Volatility by Period

	TLTI	XSPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.48%	17.64%	-8.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.15%	17.64%	-6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.15%	17.64%	-6.49%

TLTI vs. XSPI - Expense Ratio Comparison

TLTI has a 0.58% expense ratio, which is lower than XSPI's 0.98% expense ratio.

Dividends

TLTI vs. XSPI - Dividend Comparison

TLTI's dividend yield for the trailing twelve months is around 6.31%, less than XSPI's 6.83% yield.

Position	TTM	2025	2024
TLTI NEOS Enhanced Income 20+ Year Treasury Bond ETF	6.31%	6.33%	0.57%
XSPI NEOS Boosted S&P 500 High Income ETF	6.83%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TLTI and XSPI in my portfolio?

TLTI and XSPI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLTI or XSPI?

On fees, TLTI is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLTI or XSPI?

TLTI is cheaper with a 0.58% expense ratio, compared with 0.98% for XSPI.

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

XSPI has the higher dividend yield at 6.83%, compared with 6.31% for TLTI.

What is the main difference between TLTI and XSPI?

Their fees differ too: 0.58% for TLTI and 0.98% for XSPI.