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XSPI vs. SPY
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XSPI vs. SPY

Last updated Apr 1, 2026

Compare and contrast key facts about NEOS Boosted S&P 500 High Income ETF (XSPI) and State Street SPDR S&P 500 ETF (SPY).

XSPI and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XSPI and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XSPI vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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XSPI vs. SPY - Yearly Performance Comparison

2026 (YTD)
XSPI
NEOS Boosted S&P 500 High Income ETF		-6.90%
SPY
State Street SPDR S&P 500 ETF		-5.43%

Returns By Period

XSPI

1D
4.33%
1M
-6.55%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

SPY

1D
2.91%
1M
-4.94%
YTD
-4.37%
6M
-1.82%
1Y
17.59%
3Y*
18.19%
5Y*
11.69%
10Y*
13.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

NEOS Boosted S&P 500 High Income ETF

State Street SPDR S&P 500 ETF

Often compared with XSPI:
XSPI vs. XQQIXSPI vs. TSYXXSPI vs. SPYIXSPI vs. JEPIXSPI vs. HYTXSPI vs. SWPPXXSPI vs. VOO
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

XSPI vs. SPY - Expense Ratio Comparison

XSPI has a 0.98% expense ratio, which is higher than SPY's 0.09% expense ratio.

XSPI
NEOS Boosted S&P 500 High Income ETF
SPY
State Street SPDR S&P 500 ETF

Return for Risk

XSPI vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSPI
SPY
SPY Risk / Return Rank: 6464
Overall Rank
SPY Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6060
Sortino Ratio Rank
SPY Omega Ratio Rank: 6565
Omega Ratio Rank
SPY Calmar Ratio Rank: 6565
Calmar Ratio Rank
SPY Martin Ratio Rank: 7575
Martin Ratio Rank
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. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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.

XSPI vs. SPY - Sharpe Ratio Comparison

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Sharpe Ratios by Period

XSPISPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.93

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.69

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.78

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-1.69

0.56

-2.25

Correlation

The correlation between XSPI and SPY is 0.99, 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. SPY - Dividend Comparison

XSPI's dividend yield for the trailing twelve months is around 3.08%, more than SPY's 1.14% yield.

TTM20252024202320222021202020192018201720162015
XSPI
NEOS Boosted S&P 500 High Income ETF		3.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
State Street SPDR S&P 500 ETF		1.14%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Drawdowns

XSPI vs. SPY - Drawdown Comparison

The maximum XSPI drawdown since its inception was -11.59%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XSPI and SPY.

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Drawdown Indicators

XSPISPYDifference

Max Drawdown

Largest peak-to-trough decline

-11.59%

-55.19%

+43.60%

Max Drawdown (1Y)

Largest decline over 1 year

—

-12.05%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.50%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.72%

—

Current Drawdown

Current decline from peak

-7.77%

-6.24%

-1.53%

Average Drawdown

Average peak-to-trough decline

-3.48%

-9.09%

+5.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.52%

—

Volatility

XSPI vs. SPY - Volatility Comparison

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Volatility by Period

XSPISPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.31%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

9.47%

—

Volatility (1Y)

Calculated over the trailing 1-year period

22.20%

19.05%

+3.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.20%

17.06%

+5.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.20%

17.92%

+4.28%