Data as of Oct 28, 2026.
NLSI vs VOO: Differences, Returns & Fees
NLSI and VOO are measured over different days, and VOO charges 0.03% to NLSI's 2.89%.
askIQ about this page
askIQ about NLSI and VOO
Net assets: $5.3m on Oct 27, 2026 for NEOS Long/Short Equity Income ETF, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.
Pair scorecard
VOO costs 2.86 points a year less.
| Measure | NLSI | VOO |
|---|---|---|
| Return | ||
| Total return, 1 year | not published | +13.7% |
| Cash paid, share of starting value, since Dec 10, 2025 | 5.0% | |
| Price change, since Dec 10, 2025 | rose 16.2% | |
| Latest payout, annualized | 5.4% | |
| Return of capital, issuer estimate | 97% of the Sep 25, 2026 payment | |
| Against its benchmark | ||
| What it tracks | Benchmark: S&P 500, measured through SPY | S&P 500 Index |
| Against its benchmark, same days | ahead by 8.5 pts | |
| Cost and size | ||
| Expense ratio | 2.89% | 0.03% |
| Net assets, NLSI as of Oct 27, 2026 and VOO as of Sep 30, 2026 | $5.3m | $1.0tn |
| Holdings | ||
| Holdings in common | 6% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 39.1% | |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 28, 2026. Method
Risk and return
Dec 19, 2025 to Oct 23, 2026 · 44 weekly returnsNLSI returned more: +21.4% to +12.6%. VOO fell less at its worst: −8.4% to −13.3%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | NLSI | VOO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +21.4% | +12.6% | NLSI | Price change plus distributions, reinvested. |
| Price return | +16.1% | +11.3% | NLSI | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −13.3% | −8.4% | VOO | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 44 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, NLSI and VOO hold 6% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 28, 2026.
half
6% in common
Only in one fund ↓
Side by side
NLSI and VOO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: ETFIQ prints no one-year total return for NLSI.
NLSI
Over the period from its first trade on Dec 10, 2025 to Oct 28, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 16.2%. With every distribution reinvested, the fund returned +22.0%. S&P 500 (SPY) returned +13.5% over the same days, so a holder was ahead by 8.5 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 5.4%, paid monthly. NEOS estimates that 97% of the distribution paid Sep 25, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
VOO
VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.
Questions people ask
- Are NLSI and VOO in the same category?
- NLSI is an option-income ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which is cheaper, NLSI or VOO?
- VOO is cheaper, by 2.86 percentage points a year. That is about $286 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, NLSI against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/nlsi-vs-voo
ETFIQ. (Oct 28, 2026). NLSI against VOO. Retrieved from https://etfiq.com/compare/any/nlsi-vs-voo
[NLSI against VOO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/nlsi-vs-voo)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.