XSPI vs. XQQI

Last updated Jun 3, 2026

XSPI (NEOS Boosted S&P 500 High Income ETF) and XQQI (NEOS Boosted Nasdaq-100 High Income ETF) are both exchange-traded funds - XSPI is a Derivative Income fund tracking the S&P 500, while XQQI is a Nasdaq-100 fund actively managed by NEOS. XSPI is passively managed, while XQQI is actively managed. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.98% expense ratio.

Performance

XSPI vs. XQQI - 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 NEOS Boosted Nasdaq-100 High Income ETF (XQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XSPI

• 1D: 0.22%
• 1M: 5.49%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XQQI

• 1D: -0.59%
• 1M: 9.52%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XSPI vs. XQQI - Yearly Performance Comparison

	2026 (YTD)
XSPI NEOS Boosted S&P 500 High Income ETF	9.19%
XQQI NEOS Boosted Nasdaq-100 High Income ETF	18.14%

Correlation

The correlation between XSPI and XQQI 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 4, 2026	0.96

Return for Risk

XSPI vs. XQQI - 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 NEOS Boosted Nasdaq-100 High Income ETF (XQQI). 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	XQQI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	2.97	-1.20

Drawdowns

XSPI vs. XQQI - Drawdown Comparison

The maximum XSPI drawdown since its inception was -11.59%, smaller than the maximum XQQI drawdown of -12.53%. Use the drawdown chart below to compare losses from any high point for XSPI and XQQI.

Drawdown Indicators

	XSPI	XQQI	Difference
Max Drawdown Largest peak-to-trough decline	-11.59%	-12.53%	+0.94%
Current Drawdown Current decline from peak	0.00%	-0.59%	+0.59%
Average Drawdown Average peak-to-trough decline	-2.24%	-2.05%	-0.19%

Volatility

Volatility by Period

	XSPI	XQQI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	22.32%	-4.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.66%	22.32%	-4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.66%	22.32%	-4.66%

XSPI vs. XQQI - Expense Ratio Comparison

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

Dividends

XSPI vs. XQQI - Dividend Comparison

XSPI's dividend yield for the trailing twelve months is around 5.28%, less than XQQI's 7.88% yield.

Position	TTM
XQQI NEOS Boosted Nasdaq-100 High Income ETF	7.88%
XSPI NEOS Boosted S&P 500 High Income ETF	5.28%

Frequently Asked Questions

Can I hold both XSPI and XQQI in my portfolio?

With a correlation of 0.96, XSPI and XQQI 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, XSPI or XQQI?

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, XSPI or XQQI?

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

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

XQQI has the higher dividend yield at 7.88%, compared with 5.28% for XSPI.

What is the main difference between XSPI and XQQI?

XSPI is categorized as Derivative Income, while XQQI is Nasdaq-100. They also come from different issuers: NEOS Investments and NEOS.