TSYX vs. XSPI

Last updated Jun 23, 2026

TSYX (TSPY Lift ETF) and XSPI (NEOS Boosted S&P 500 High Income ETF) are both exchange-traded funds - TSYX is a Leveraged Equities fund actively managed by TappAlpha, while XSPI is a Derivative Income fund tracking the S&P 500. TSYX is actively managed, while XSPI is passively managed. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.98% expense ratio.

Performance

TSYX vs. XSPI - Performance Comparison

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

Returns By Period

TSYX

• 1D: -0.59%
• 1M: -0.56%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XSPI

• 1D: -0.59%
• 1M: -0.19%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSYX vs. XSPI - Yearly Performance Comparison

	2026 (YTD)
TSYX TSPY Lift ETF	4.34%
XSPI NEOS Boosted S&P 500 High Income ETF	5.77%

Correlation

The correlation between TSYX and XSPI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	0.96

Return for Risk

TSYX vs. XSPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TSPY Lift ETF (TSYX) 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.

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

Drawdowns

TSYX vs. XSPI - Drawdown Comparison

The maximum TSYX drawdown since its inception was -13.39%, which is greater than XSPI's maximum drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for TSYX and XSPI.

Drawdown Indicators

	TSYX	XSPI	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-11.78%	-1.61%
Current Drawdown Current decline from peak	-2.65%	-2.02%	-0.63%
Average Drawdown Average peak-to-trough decline	-2.97%	-2.40%	-0.57%

Volatility

Volatility by Period

	TSYX	XSPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.09%	18.63%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	18.63%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.09%	18.63%	+0.46%

TSYX vs. XSPI - Expense Ratio Comparison

Both TSYX and XSPI have an expense ratio of 0.98%.

Dividends

TSYX vs. XSPI - Dividend Comparison

TSYX's dividend yield for the trailing twelve months is around 7.14%, more than XSPI's 6.91% yield.

Position	TTM
TSYX TSPY Lift ETF	7.14%
XSPI NEOS Boosted S&P 500 High Income ETF	6.91%

Frequently Asked Questions

Can I hold both TSYX and XSPI in my portfolio?

With a correlation of 0.96, TSYX and XSPI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TSYX or XSPI?

Both ETFs have the same 0.98% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSYX or XSPI?

TSYX and XSPI have the same expense ratio: 0.98% per year.

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

TSYX has the higher dividend yield at 7.14%, compared with 6.91% for XSPI.

What is the main difference between TSYX and XSPI?

TSYX is categorized as Leveraged Equities, while XSPI is Derivative Income. They also come from different issuers: TappAlpha and NEOS Investments.