Data as of .
BALI vs XSPI: which paid, and which earned it?
BALI and XSPI both write options for income.
What they hold in common
By the books each fund has filed, BALI and XSPI hold 59% of their money in the same securities at the same weight.
| Holding | BALI | XSPI |
|---|---|---|
| NVIDIA | 7.36% | 8.50% |
| APPLE | 6.15% | 7.83% |
| MICROSOFT | 5.07% | 5.80% |
| AMAZON.COM INC | 3.29% | 3.94% |
| ALPHABET CLASS A | 2.70% | 3.24% |
| ALPHABET CLASS C | 2.38% | 2.57% |
| BROADCOM INC | 2.25% | 2.65% |
| META PLATFORMS CLASS A | 1.80% | 2.25% |
| MICRON TECHNOLOGY | 1.50% | 1.75% |
| ADVANCED MICRO DEVICES | 1.30% | 1.40% |
| JPMORGAN CHASE & CO | 1.20% | 1.47% |
| ELI LILLY | 1.15% | 1.42% |
| Only in BALI | Only in XSPI |
|---|---|
| BLK CSH FND TREASURY SL AGENCY 2.91% | Berkshire Hathaway Inc 1.47% |
| BERKSHIRE HATHAWAY INC CLASS B 1.69% | SPX US 10/16/26 C7500 1.39% |
| USD CASH 1.06% | Walmart Inc 0.73% |
| AMERICAN FINANCIAL GROUP 0.50% | Mastercard Inc 0.71% |
| UNITED THERAPEUTICS 0.42% | GE AEROSPACE 0.52% |
| ANNALY CAPITAL MANAGEMENT REIT 0.38% | Philip Morris International Inc 0.47% |
| AGNC INVESTMENT REIT 0.33% | Home Depot Inc/The 0.46% |
| AMDOCS 0.27% | Goldman Sachs Group Inc/The 0.43% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BALI | XSPI | BALI | XSPI | BALI | XSPI | |
| 3 months | +4.0% | +3.7% | 2.0% | 4.2% | +1.8 pts | +1.4 pts |
| 6 months | +17.3% | +20.0% | 4.7% | 9.2% | −0.8 pts | +1.9 pts |
| 1 year | +18.5% | not published | 8.5% | not published | +2.0 pts | not published |
| Since launch | +76.3% | +11.6% | 29.2% | 11.1% | −8.0 pts | +0.2 pts |
| BALI iShares U.S. Large Cap Premium Income Active ETF Covered call on SPY, paying monthly | XSPI NEOS Boosted S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | iShares | NEOS |
| Strategy | covered call | option income |
| Benchmark | S&P 500 (SPY) | S&P 500 (SPY) |
| Pays | monthly | monthly |
| Payout rate, annualized | 7.5% | 17.1% |
| Expense ratio | 0.35% | 0.98% |
| Cash paid, 1 year | 8.5% | 11.1% (since launch on Feb 3, 2026) |
| Price change, 1 year | +9.2% | −0.3% |
| Total return, 1 year | +18.5% | +11.6% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +16.6% | +11.3% |
| Ahead or behind | +2.0 pts | +0.2 pts |
| Return of capital, latest estimate | not published | 99% |
| Age | 1086 days | 227 days |
| Net assets | $1.5bn | $113m |
BALI in plain words
Over the year to Sep 18, 2026, BALI paid 8.5% of its starting value in cash distributions while its price rose 9.2%. With every distribution reinvested, the fund returned +18.5%. S&P 500 (SPY) returned +16.6% over the same days, so a holder was ahead by 2.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.5%, paid monthly.
XSPI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XSPI paid 11.1% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +11.6%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 17.1%, paid monthly. NEOS estimates that 99% of the distribution paid Jul 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, BALI or XSPI?
- BALI charges 0.35% a year and XSPI charges 0.98%, so BALI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BALI against XSPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/bali-vs-xspi Free to use with attribution; the underlying files are at Open data.