NEOS Boosted S&P 500 High Income ETF
$50.080.00 (0.00%)
- 0.98%
- $129M
- 0.1M sh
- $50.06
- low $42.70high $51.17
The ETF.net XSPI Grade
D
Score 33 out of 100
- 49 of 52
Score 33 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F10 out of 100Rank 46 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F24 out of 100Rank 47 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B69 out of 100Rank 10 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 21 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C47 out of 100Rank 36 of 52
Our read on XSPI
DThe leveraged cousin in the NEOS income lineup: S&P 500 stocks plus a laddered call overlay, boosted with synthetic long exposure to roughly 150% notional, in pursuit of a 15% annualized distribution paid monthly.
The Fund seeks high monthly income in a tax-efficient manner, with potential for enhanced equity appreciation in rising markets.
Why people hold it
- The boost is mechanical: buy index calls and sell index puts at similar strikes to reach about 150% notional exposure, then write additional SPX calls on top. More premium collected, more equity exposure working.neosfunds.comsec.gov
- Calls are laddered out of the money and not written across the whole portfolio, so part of a rally stays open rather than being capped away.neosfunds.com
- Built on the same S&P 500 options framework as NEOS's flagship SPYI, using index options and distributions the issuer has classified as return of capital, which defers tax and trims cost basis instead of hitting as ordinary income.neosfunds.com
- Income is designed to arrive monthly rather than quarterly, from an actively managed overlay on the 500 largest US listed companies.
Worth knowing
- Fees run high: 0.98% versus a roughly 0.6% median for S&P 500 options-income funds, and above the unleveraged sibling SPYI at 0.68%. The boost and the overlay cost real money.
- Leverage cuts both ways. Roughly 150% notional exposure magnifies drawdowns as well as gains, and the call overlay can mute part of the bounce back.neosfunds.comsec.gov
- Launched in February 2026, so the track record is thin, and a payout funded partly by return of capital reduces both net asset value and your cost basis over time.neosfunds.com
XSPI Holdings
- Stocks
- 505
- 41%
- NVDA
Geography
- United States97.82%
- Ireland1.17%
- United Kingdom0.36%
- Switzerland0.27%
- Singapore0.23%
- Netherlands0.08%
- Bermuda0.06%
- Canada0.01%
XSPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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XSPI$10,517
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XSPI |
|---|---|
| Year to date | — |
| 1 month | +2.8% |
| 3 months | +5.2% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XSPI |
|---|---|---|
| 2026 YTD | +14.6% |
XSPI in the news
XSPI Dividends
- $0.71 per share
- Monthly
Distribution data unavailable.
Distribution history
XSPI Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XSPI Cost
0.98%
XSPI0.98%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
45 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- DFGSIFT Vest Growth Strength & Target Income ETFExpense ratio 0.85%1 year return +8.9%
- DSHDGSoundwatch Hedged Equity ETFExpense ratio 1.01%1 year return +9.2%
- DHRSKToews Agility Shares Hedged Risk ETFExpense ratio 0.95%1 year return —
- DMRSKToews Agility Shares Managed Risk ETFExpense ratio 0.98%1 year return +14.1%
- FYSPYGraniteShares YieldBOOST SPY ETFExpense ratio 5.88%1 year return +14.6%