Which is cheaper, FGSI or NLSI?

FGSI charges 0.85% a year and NLSI charges 2.89%, so FGSI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FGSI vs NLSI: Dividend Yield & Total Return

FGSI and NLSI both write options for income.

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Net assets: $2.0m on Nov 3, 2026 for FT Vest Growth Strength & Target Income ETF, and $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF.

FGSI on its own →NLSI on its own →

At a glance

8.3%

FGSI cash paid, 1 year

5.0%

NLSI cash paid, since launch, Dec 10, 2025

+9.0%

FGSI total return, 1 year

+17.7%

NLSI total return, since launch, Dec 10, 2025

FGSI · 1 year to Nov 4, 2026 About even with FTGS

FGSI

+9.0%

FTGS

+8.8%

About even with FTGS

FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

FTGS

+8.8%

FGSI

+9.0%

8.3% of it arrived as cash

about even with FTGS

Total return, distributions reinvested

About even with FTGS

FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

FTGS

+8.8%

FGSI

+9.0%

about even with FTGS

8.3% of it arrived as cash. Total return, distributions reinvested. FGSI over 1 year: paid 8.3%, price +0.2%, total +9.0%, FTGS +8.8%, +0.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

NLSI · since launch to Nov 4, 2026 5 pts ahead of SPY

NLSI

+17.7%

SPY

+12.7%

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5.0% as cash

5 pts ahead of SPY

Total return, distributions reinvested

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5 pts ahead of SPY

5.0% of it arrived as cash. Both charts share one scale, 0 to +17.7%. NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +17.7%. Data to Nov 4, 2026.

Pair scorecard

FGSI costs 2.04 points a year less; NLSI is 2.7 times larger.

Points (pts) are percentage points.

FGSI vs NLSI: Dividend Yield & Total Return
Measure	FGSI	NLSI
Paid and earned
Measure	FGSI	NLSI
Total return, 1 year	+9.0%	not published
Price change	rose 0.2% (1 year)	rose 12.0% (since Dec 10, 2025)
Return of capital, issuer estimate	53% of the Oct 30, 2026 payment	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	FGSI	NLSI
Benchmark	First Trust Growth Strength ETF, measured through FTGS	S&P 500, measured through SPY
Against its benchmark, same days		ahead by 5.0 pts
Cost and size
Measure	FGSI	NLSI
Expense ratio	0.85%	2.89%
Net assets, as of Oct 28, 2026	$2.0m	$5.3m
Holdings
Measure	FGSI	NLSI
Holdings in common	12%

Method

What they share

12%

By the books each fund has filed, FGSI and NLSI hold 12% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first FGSI NLSI

Intuit Inc. 2.11% 4.45%

PayPal Holdings, Inc. 2.05% 4.29%

Seagate Technology Holdings Plc 1.90% 4.06%

Uber Technologies, Inc. 1.89% 3.74%

Applovin Corp. (Class A) 1.83% 2.75%

Comfort Systems USA, Inc. 1.79% 4.30%

Meta Platforms, Inc. (Class A) 1.73% -1.95%

Only in one fund ↓

Only in FGSI

Vertiv Holdings Co (Class A) 2.28%

Eli Lilly and Company 2.25%

United Therapeutics Corporation 2.25%

Blackstone Inc. 2.21%

Delta Air Lines, Inc. 2.20%

Monolithic Power Systems, Inc. 2.18%

General Dynamics Corporation 2.16%

S&P Global Inc. 2.16%

Only in NLSI

Micron Technology Inc 12.00%

Marathon Petroleum Corp 5.94%

Valero Energy Corp 5.14%

Chevron Corp 4.51%

Walt Disney Co 4.42%

Phillips 66 4.39%

American International Group Inc 4.28%

KKR & Co Inc 4.25%

Check overlap with more funds →

Side by side

FGSI FT Vest Growth Strength & Target Income ETF · Writes calls on the S&P 500, measured against The Growth Strength Index, paying monthly NLSI NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly

Issuer First Trust NEOS

Strategy option income option income

Benchmark First Trust Growth Strength ETF (FTGS) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.3% 5.6%

Expense ratio 0.85% 2.89%

Cash paid, 1 year 8.3% 5.0% (since launch, Dec 10, 2025)

Price change, 1 year +0.2% +12.0% (since launch, Dec 10, 2025)

Total return, 1 year +9.0% +17.7% (since launch, Dec 10, 2025)

Benchmark return, 1 year +8.8% +12.7% (since launch, Dec 10, 2025)

Ahead or behind +0.2 pts +5.0 pts (since launch, Dec 10, 2025)

Return of capital, latest estimate 53% 100%

Age 1.4 years 329 days

Net assets, FGSI as of Nov 3, 2026 and NLSI as of Oct 28, 2026 $2.0m $5.3m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: FGSI vs NLSI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FGSI	NLSI	FGSI	NLSI	FGSI	NLSI
3 months	−2.2%	+6.7%	2.0%	1.4%	+0.6 pts	+6.9 pts
6 months	+6.3%	+21.4%	4.3%	3.0%	+0.2 pts	+16.4 pts
1 year	+9.0%	–	8.3%	–	+0.2 pts	–
Since launchNot the same days: FGSI Jun 2025 · NLSI Dec 2025	+13.6%	+17.7%	11.3%	5.0%	−0.7 pts	+4.9 pts

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Alert

About each fund

FGSI

Over the year to Nov 4, 2026, FGSI paid 8.3% of its starting value in cash distributions while its price rose 0.2%. With every distribution reinvested, the fund returned +9.0%. First Trust Growth Strength ETF (FTGS) returned +8.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 8.3%, paid monthly. First Trust estimates that 53% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

NLSI

Over the period from its first trade on Dec 10, 2025 to Nov 4, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 12.0%. With every distribution reinvested, the fund returned +17.7%. S&P 500 (SPY) returned +12.7% over the same days, so a holder was ahead by 5.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.6%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, FGSI or NLSI?: FGSI charges 0.85% a year and NLSI charges 2.89%, so FGSI is cheaper. Fees come from each fund's prospectus.

Other comparisons

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Where to next

First Trust Growth Strength ETF (FTGS) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FGSI on its own →NLSI on its own →FGSI dividend history →FGSI holdings →NLSI dividend history →NLSI holdings →Method →Standards and sources →

Sources and dates

FGSI filings on SEC EDGAR ↗

FGSI prospectus with the expense ratio (SEC) ↗

FGSI 19a-1 distribution notice ↗

First Trust page for FGSI ↗

NLSI filings on SEC EDGAR ↗

NLSI prospectus with the expense ratio (SEC) ↗

NLSI 19a-1 distribution notice ↗

NEOS page for NLSI ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FGSI against NLSI, data as of Nov 4, 2026. https://etfiq.com/compare/income/fgsi-vs-nlsi

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.