XSPI vs. LQTI

Last updated Jun 4, 2026

XSPI (NEOS Boosted S&P 500 High Income ETF) and LQTI (FT Vest Investment Grade & Target Income ETF) are both Derivative Income funds. XSPI is passively managed, while LQTI is actively managed. At a 0.41 correlation, their price movements are largely independent. XSPI charges 0.98%/yr vs 0.65%/yr for LQTI.

Performance

XSPI vs. LQTI - 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 Vest Investment Grade & Target Income ETF (LQTI). 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*: —

LQTI

• 1D: -0.26%
• 1M: 0.41%
• YTD: 0.16%
• 6M: -0.04%
• 1Y: 5.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XSPI vs. LQTI - Yearly Performance Comparison

	2026 (YTD)
XSPI NEOS Boosted S&P 500 High Income ETF	8.22%
LQTI FT Vest Investment Grade & Target Income ETF	0.02%

Correlation

The correlation between XSPI and LQTI is 0.41, 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	0.41

Return for Risk

XSPI vs. LQTI — Risk / Return Rank

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

LQTI

LQTI Risk / Return Rank: 32
LQTI Sharpe Ratio Rank: 31
LQTI Sortino Ratio Rank: 30
LQTI Omega Ratio Rank: 29
LQTI Calmar Ratio Rank: 34
LQTI Martin Ratio Rank: 34

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. LQTI - 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 Vest Investment Grade & Target Income ETF (LQTI). 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	LQTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	0.88	+0.66

Drawdowns

XSPI vs. LQTI - Drawdown Comparison

The maximum XSPI drawdown since its inception was -11.59%, which is greater than LQTI's maximum drawdown of -3.41%. Use the drawdown chart below to compare losses from any high point for XSPI and LQTI.

Drawdown Indicators

	XSPI	LQTI	Difference
Max Drawdown Largest peak-to-trough decline	-11.59%	-3.41%	-8.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.41%	—
Current Drawdown Current decline from peak	-0.89%	-1.44%	+0.55%
Average Drawdown Average peak-to-trough decline	-2.23%	-0.88%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.11%	—

Volatility

Volatility by Period

	XSPI	LQTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	5.10%	+12.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	5.97%	+11.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	5.97%	+11.67%

XSPI vs. LQTI - Expense Ratio Comparison

XSPI has a 0.98% expense ratio, which is higher than LQTI's 0.65% expense ratio.

Dividends

XSPI vs. LQTI - Dividend Comparison

XSPI's dividend yield for the trailing twelve months is around 6.83%, less than LQTI's 9.11% yield.

Position	TTM	2025
LQTI FT Vest Investment Grade & Target Income ETF	9.11%	7.01%
XSPI NEOS Boosted S&P 500 High Income ETF	6.83%	0.00%

Frequently Asked Questions

Can I hold both XSPI and LQTI in my portfolio?

XSPI and LQTI have a correlation of 0.41, 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 LQTI?

On fees, LQTI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSPI or LQTI?

LQTI is cheaper with a 0.65% expense ratio, compared with 0.98% for XSPI.

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

LQTI has the higher dividend yield at 9.11%, compared with 6.83% for XSPI.

What is the main difference between XSPI and LQTI?

They also come from different issuers: NEOS Investments and FT Vest. Their fees differ too: 0.98% for XSPI and 0.65% for LQTI.