XSPI vs. QQA
Compare and contrast key facts about NEOS Boosted S&P 500 High Income ETF (XSPI) and Invesco QQQ Income Advantage ETF (QQA).
XSPI and QQA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSPI is a passively managed fund by NEOS Investments that tracks the performance of the S&P 500. It was launched on Feb 2, 2026. QQA is an actively managed fund by Invesco. It was launched on Jul 17, 2024.
Performance
XSPI vs. QQA - Performance Comparison
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XSPI vs. QQA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XSPI NEOS Boosted S&P 500 High Income ETF | -6.01% |
QQA Invesco QQQ Income Advantage ETF | -3.10% |
Returns By Period
XSPI
- 1D
- 0.96%
- 1M
- -5.82%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQA
- 1D
- 1.13%
- 1M
- -2.33%
- YTD
- -2.37%
- 6M
- 0.60%
- 1Y
- 21.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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XSPI vs. QQA - Expense Ratio Comparison
XSPI has a 0.98% expense ratio, which is higher than QQA's 0.29% expense ratio.
Return for Risk
XSPI vs. QQA — Risk / Return Rank
XSPI
QQA
XSPI vs. QQA - 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 Invesco QQQ Income Advantage ETF (QQA). 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.
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Sharpe Ratios by Period
| XSPI | QQA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.48 | 0.68 | -2.16 |
Correlation
The correlation between XSPI and QQA is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XSPI vs. QQA - Dividend Comparison
XSPI's dividend yield for the trailing twelve months is around 3.05%, less than QQA's 10.41% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
XSPI NEOS Boosted S&P 500 High Income ETF | 3.05% | 0.00% | 0.00% |
QQA Invesco QQQ Income Advantage ETF | 10.41% | 9.78% | 4.29% |
Drawdowns
XSPI vs. QQA - Drawdown Comparison
The maximum XSPI drawdown since its inception was -11.59%, smaller than the maximum QQA drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for XSPI and QQA.
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Drawdown Indicators
| XSPI | QQA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.59% | -19.73% | +8.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.55% | — |
Current DrawdownCurrent decline from peak | -6.88% | -4.93% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -2.62% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.43% | — |
Volatility
XSPI vs. QQA - Volatility Comparison
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Volatility by Period
| XSPI | QQA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.09% | 19.02% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.09% | 18.84% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.09% | 18.84% | +3.25% |