XSPI vs. EIPI

Last updated Jun 4, 2026

XSPI (NEOS Boosted S&P 500 High Income ETF) and EIPI (FT Energy Income Partners Enhanced Income ETF) are both Derivative Income funds. XSPI is passively managed, while EIPI is actively managed. At a correlation of -0.14, they often move in opposite directions. XSPI charges 0.98%/yr vs 1.11%/yr for EIPI.

Performance

XSPI vs. EIPI - Performance Comparison

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

Returns By Period

XSPI

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

EIPI

• 1D: 0.05%
• 1M: -2.14%
• YTD: 14.55%
• 6M: 13.67%
• 1Y: 21.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XSPI vs. EIPI - Yearly Performance Comparison

	2026 (YTD)
XSPI NEOS Boosted S&P 500 High Income ETF	8.22%
EIPI FT Energy Income Partners Enhanced Income ETF	6.96%

Correlation

The correlation between XSPI and EIPI is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026	-0.14

Return for Risk

XSPI vs. EIPI — Risk / Return Rank

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

EIPI

EIPI Risk / Return Rank: 75
EIPI Sharpe Ratio Rank: 68
EIPI Sortino Ratio Rank: 72
EIPI Omega Ratio Rank: 63
EIPI Calmar Ratio Rank: 89
EIPI Martin Ratio Rank: 81

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.

XSPI vs. EIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Boosted S&P 500 High Income ETF (XSPI) and FT Energy Income Partners Enhanced Income ETF (EIPI). 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.

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

Sharpe Ratios by Period

	XSPI	EIPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	1.52	+0.03

Drawdowns

XSPI vs. EIPI - Drawdown Comparison

The maximum XSPI drawdown since its inception was -11.59%, smaller than the maximum EIPI drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for XSPI and EIPI.

Drawdown Indicators

	XSPI	EIPI	Difference
Max Drawdown Largest peak-to-trough decline	-11.59%	-12.33%	+0.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.00%	—
Current Drawdown Current decline from peak	-0.89%	-2.62%	+1.73%
Average Drawdown Average peak-to-trough decline	-2.23%	-1.67%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.32%	—

Volatility

Volatility by Period

	XSPI	EIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	9.55%	+8.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	13.08%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	13.08%	+4.56%

XSPI vs. EIPI - Expense Ratio Comparison

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

Dividends

XSPI vs. EIPI - Dividend Comparison

XSPI's dividend yield for the trailing twelve months is around 6.83%, which matches EIPI's 6.78% yield.

Position	TTM	2025	2024
EIPI FT Energy Income Partners Enhanced Income ETF	6.78%	9.71%	6.31%
XSPI NEOS Boosted S&P 500 High Income ETF	6.83%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XSPI and EIPI in my portfolio?

XSPI and EIPI have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XSPI or EIPI?

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, XSPI or EIPI?

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

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

XSPI has the higher dividend yield at 6.83%, compared with 6.78% for EIPI.

What is the main difference between XSPI and EIPI?

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