Which is cheaper, NLSI or XYLG?

NLSI charges 2.89% a year and XYLG charges 0.35%, so XYLG is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

NLSI vs XYLG: Dividend Yield & Total Return

NLSI and XYLG both write options for income.

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Net assets: $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF, and $72m on Oct 12, 2026 for Global X S&P 500 Covered Call & Growth ETF.

NLSI on its own →XYLG on its own →

At a glance

5.0%

NLSI cash paid, since launch, Dec 10, 2025

12.7%

XYLG cash paid, 1 year

+17.7%

NLSI total return, since launch, Dec 10, 2025

+15.6%

XYLG total return, 1 year

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

Data to Nov 4, 2026.

XYLG · 1 year to Nov 4, 2026 0.8 pts ahead of SPY

XYLG

+15.6%

SPY

+14.8%

0.8 pts ahead of SPY

XYLG over 1 year: paid 12.7%, price +1.5%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

XYLG

+15.6%

12.7% of it arrived as cash

0.8 pts ahead of SPY

Total return, distributions reinvested

0.8 pts ahead of SPY

XYLG over 1 year: paid 12.7%, price +1.5%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

XYLG

+15.6%

12.7% as cash

0.8 pts ahead of SPY

12.7% of it arrived as cash. Both charts share one scale, 0 to +17.7%. XYLG over 1 year: paid 12.7%, price +1.5%, total +15.6%, SPY +14.8%, +0.8 pts. Data to Nov 4, 2026.

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

Pair scorecard

XYLG costs 2.54 points a year less; XYLG is 15.3 times larger.

Points (pts) are percentage points.

NLSI vs XYLG: Dividend Yield & Total Return
Measure	NLSI	XYLG
Paid and earned
Measure	NLSI	XYLG
Total return, 1 year	not published	+15.6%
Price change	rose 12.0% (since Dec 10, 2025)	rose 1.5% (1 year)
Return of capital, issuer estimate	100% of the Oct 30, 2026 payment	80% of the Sep 24, 2026 payment
Against its benchmark
Measure	NLSI	XYLG
Benchmark	S&P 500, measured through SPY	S&P 500, measured through SPY
Against its benchmark, same days	ahead by 5.0 pts	ahead by 0.8 pts
Cost and size
Measure	NLSI	XYLG
Expense ratio	2.89%	0.35%
Net assets, as of Oct 12, 2026	$4.7m	$72m
Holdings
Measure	NLSI	XYLG
Holdings in common	6%

Method

What they share

By the books each fund has filed, NLSI and XYLG hold 6% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first NLSI XYLG

Micron Technology Inc 12.00% 1.45%

Chevron Corp 4.51% 0.58%

Goldman Sachs Group Inc 3.27% 0.47%

Seagate Technology Holdings PLC 4.06% 0.29%

Western Digital Corp 2.46% 0.29%

Walt Disney Co 4.42% 0.26%

Uber Technologies Inc 3.74% 0.22%

Capital One Financial Corp 3.59% 0.20%

Progressive Corp 4.11% 0.19%

ServiceNow Inc 4.07% 0.17%

AppLovin Corp 2.75% 0.17%

Valero Energy Corp 5.14% 0.14%

Only in one fund ↓

Only in NLSI

SPXW US 11/12/26 P7000 0.03%

SPXW US 11/12/26 P6850 0.02%

SPXW US 11/12/26 P6950 0.02%

SPXW US 11/12/26 P7175 -0.05%

SPXW US 11/12/26 P7250 -0.07%

SPXW US 11/12/26 P7310 -0.09%

Only in XYLG

NVIDIA CORPORATION 7.60%

APPLE INC. 7.09%

MICROSOFT CORPORATION 5.39%

BROADCOM INC. 2.88%

ALPHABET INC. 2.63%

JPMORGAN CHASE & CO. 1.47%

BERKSHIRE HATHAWAY INC. 1.46%

ELI LILLY AND COMPANY 1.41%

Check overlap with more funds →

Side by side

NLSI NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly XYLG Global X S&P 500 Covered Call & Growth ETF · Covered call on SPY, paying monthly

Issuer NEOS Global X

Strategy option income covered call

Benchmark S&P 500 (SPY) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 5.6% 4.4%

Expense ratio 2.89% 0.35%

Cash paid, 1 year 5.0% (since launch, Dec 10, 2025) 12.7%

Price change, 1 year +12.0% (since launch, Dec 10, 2025) +1.5%

Total return, 1 year +17.7% (since launch, Dec 10, 2025) +15.6%

Benchmark return, 1 year +12.7% (since launch, Dec 10, 2025) +14.8%

Ahead or behind +5.0 pts (since launch, Dec 10, 2025) +0.8 pts

Return of capital, latest estimate 100% 80%

Age 329 days 6.1 years

Net assets, NLSI as of Oct 28, 2026 and XYLG as of Oct 12, 2026 $5.3m $72m

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: NLSI vs XYLG: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	NLSI	XYLG	NLSI	XYLG	NLSI	XYLG
3 months	+6.7%	+1.4%	1.4%	1.1%	+6.9 pts	+1.5 pts
6 months	+21.4%	+6.7%	3.0%	2.5%	+16.4 pts	+1.7 pts
1 year	–	+15.6%	–	12.7%	–	+0.8 pts
3 years	–	+65.6%	–	44.3%	–	−17.4 pts
Since launchNot the same days: NLSI Dec 2025 · XYLG Sep 2020	+17.7%	+116.0%	5.0%	69.8%	+4.9 pts	−38.4 pts

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Alert

About each fund

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). That is a tax label, not a measure of erosion.

XYLG

Over the year to Nov 4, 2026, XYLG paid 12.7% of its starting value in cash distributions while its price rose 1.5%. With every distribution reinvested, the fund returned +15.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 4.4%, paid monthly. Global X estimates that 80% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, NLSI or XYLG?: NLSI charges 2.89% a year and XYLG charges 0.35%, so XYLG is cheaper. Fees come from each fund's prospectus.

Other comparisons

NLSI vs OEI NLSI vs SPIN NLSI vs ACKY NLSI vs XSPI XYLG vs TPRY XYLG vs OCTH XYLG vs SCLZ XYLG vs QUSA

Where to next

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

Sources and dates

NLSI filings on SEC EDGAR ↗

NLSI prospectus with the expense ratio (SEC) ↗

NLSI 19a-1 distribution notice ↗

NEOS page for NLSI ↗

XYLG filings on SEC EDGAR ↗

XYLG prospectus with the expense ratio (SEC) ↗

XYLG 19a-1 distribution notice ↗

Global X page for XYLG ↗

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

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