Data as of .
NLSI vs XVSP: which paid, and which earned it?
NLSI and XVSP both write options for income.
What they hold in common
By the books each fund has filed, NLSI and XVSP hold 0% of their money in the same securities at the same weight.
| Only in NLSI | Only in XVSP |
|---|---|
| Micron Technology Inc 14.23% | 2026-10-23 S&P 500® Mini Index P 1,500.03 304.12% |
| F5 Inc 3.90% | 2026-10-23 S&P 500® Mini Index C 500.03 110.96% |
| Progressive Corp/The 3.80% | Space Exploration Technologies Corp. (Class A) 51.81% |
| Adobe Inc 3.37% | 2026-10-23 S&P 500® Mini Index C 1,500.03 0.00% |
| Jack Henry & Associates Inc 3.32% | 2026-10-23 Space Exploration Technologies Corp. (Class A) C 1,232.73 0.00% |
| Universal Health Services Inc 3.23% | 2026-10-23 S&P 500® Mini Index P 500.03 -0.04% |
| Insulet Corp 3.19% | 2026-09-25 Space Exploration Technologies Corp. (Class A) C 152.50 -0.31% |
| Veeva Systems Inc 3.19% | 2026-10-23 Space Exploration Technologies Corp. (Class A) P 1,232.73 -366.53% |
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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| NLSI | XVSP | NLSI | XVSP | NLSI | XVSP | |
| 3 months | +15.6% | not published | 1.4% | not published | +13.3 pts | not published |
| 6 months | +24.6% | not published | 2.8% | not published | +6.6 pts | not published |
| Since launch | +19.3% | +9.2% | 4.0% | 0.0% | +7.3 pts | +9.6 pts |
| NLSI NEOS Long/Short Equity Income ETF Option income on SPY, paying monthly | XVSP FT Vest SPCX & Target Income ETF Option income on SPY | |
|---|---|---|
| Issuer | NEOS | First Trust |
| Strategy | option income | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY), used as the proxy |
| Pays | monthly | not established |
| Payout rate, annualized | 5.1% | not published |
| Expense ratio | 2.89% | not published |
| Cash paid, 1 year | 4.0% (since launch on Dec 10, 2025) | 0.0% (since launch on Aug 26, 2026) |
| Price change, 1 year | +14.6% | +9.2% |
| Total return, 1 year | +19.3% (since launch on Dec 10, 2025) | +9.2% (since launch on Aug 26, 2026) |
| Benchmark return, 1 year | +12.0% | −0.3% |
| Ahead or behind | +7.3 pts | +9.6 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 282 days | 23 days |
| Net assets | $5m | $2m |
NLSI in plain words
Over the period since launch on Dec 10, 2025 to Sep 18, 2026, NLSI paid 4.0% of its starting value in cash distributions while its price rose 14.6%. With every distribution reinvested, the fund returned +19.3%. S&P 500 (SPY), used as a default proxy returned +12.0% over the same days, so a holder was ahead by 7.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.1%, paid monthly. NEOS estimates that 100% of the distribution paid Jul 31, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
XVSP in plain words
Over the period since launch on Aug 26, 2026 to Sep 18, 2026, XVSP paid 0.0% of its starting value in cash distributions while its price rose 9.2%. With every distribution reinvested, the fund returned +9.2%. S&P 500 (SPY), used as the proxy returned −0.3% over the same days, so a holder was ahead by 9.6 pts.
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, NLSI against XVSP, data as of Sep 18, 2026. https://etfiq.com/compare/income/nlsi-vs-xvsp Free to use with attribution; the underlying files are at Open data.