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NLSI vs SPY

Comparison between NEOS LONG/SHORT EQUITY INCOME ETF (NLSI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

NLSI vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
NLSI
$2.10M
Winner
SPY
$784B
Expense Ratio
NLSI
2.89%
Winner
SPY
0.09%
Max Drawdown
Winner
NLSI
14.96%
SPY
56.47%
Sharpe Ratio
NLSI
0.22
Winner
SPY
1.50
5Y Beta
Winner
NLSI
0.47
SPY
1.00
P/E Ratio
Winner
NLSI
25.14
SPY
28.29
Forward P/E
Winner
NLSI
9.54
SPY
21.76
PEG Ratio
NLSI
0.26
SPY
N/A
5Y Dividends CAGR
NLSI
N/A
SPY
5.43%
5Y EPS CAGR
NLSI
N/A
SPY
25.98%
Debt to Equity
NLSI
60.46%
Winner
SPY
30.79%
P/S Ratio
Winner
NLSI
1.09
SPY
3.79
P/B Ratio
Winner
NLSI
2.51
SPY
5.67

NLSI vs SPY - Holdings Comparison

NLSI and SPY have 61 common holdings. Overlap is -46.90%

NLSI's top 25 holdings weight is 133.13%. SPY's top 25 holdings weight is 52.46%.

RankNLSISPY
#1
OTHER ASSETS AND LIABILITIES (n/a) - 26.93%
NVIDIA CORP (NVDA) - 8.30%
#2
MICRON TECHNOLOGY INC (MU) - 15.68%
APPLE INC (AAPL) - 7.09%
#3
CENTENE CORP (CNC) - 6.25%
MICROSOFT CORP (MSFT) - 5.02%
#4
SUPER MICRO COMPUTER INC (SMCI) - 5.17%
AMAZON.COM INC (AMZN) - 3.84%
#5
F5 INC (FFIV) - 4.59%
BROADCOM INC (AVGO) - 3.50%
#6
AMPHENOL CORP CLASS A (APH) - 4.43%
ALPHABET INC CLASS A (GOOGL) - 3.23%
#7
NXP SEMICONDUCTORS NV (NXPI) - 4.16%
ALPHABET INC CLASS C (GOOG) - 2.57%
#8
PROGRESSIVE CORP (PGR) - 4.09%
META PLATFORMS INC CLASS A (META) - 2.00%
#9
BROADRIDGE FINANCIAL SOLUTIONS INC (BR) - 3.97%
MICRON TECHNOLOGY INC (MU) - 1.84%
#10
LAS VEGAS SANDS CORP (LVS) - 3.96%
TESLA INC (TSLA) - 1.83%
#11
JACK HENRY & ASSOCIATES INC (JKHY) - 3.92%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.32%
#12
DEXCOM INC (DXCM) - 3.88%
ADVANCED MICRO DEVICES INC (AMD) - 1.30%
#13
MARATHON PETROLEUM CORP (MPC) - 3.85%
ELI LILLY AND CO (LLY) - 1.29%
#14
GODADDY INC CLASS A (GDDY) - 3.76%
JPMORGAN CHASE & CO (JPM) - 1.24%
#15
TYLER TECHNOLOGIES INC (TYL) - 3.75%
EXXON MOBIL CORP (XOM) - 0.96%
#16
ALEXANDRIA REAL ESTATE EQUITIES INC (ARE) - 3.74%
JOHNSON & JOHNSON (JNJ) - 0.82%
#17
WILLIS TOWERS WATSON PLC (WTW) - 3.66%
VISA INC CLASS A (V) - 0.82%
#18
VALERO ENERGY CORP (VLO) - 3.60%
INTEL CORP (INTC) - 0.78%
#19
OCCIDENTAL PETROLEUM CORP (OXY) - 3.58%
CISCO SYSTEMS INC (CSCO) - 0.77%
#20
INSULET CORP (PODD) - 3.57%
WALMART INC (WMT) - 0.76%
#21
AUTODESK INC (ADSK) - 3.49%
COSTCO WHOLESALE CORP (COST) - 0.65%
#22
AMERICAN INTERNATIONAL GROUP INC (AIG) - 3.35%
CATERPILLAR INC (CAT) - 0.65%
#23
CAPITAL ONE FINANCIAL CORP (COF) - 3.32%
ORACLE CORP (ORCL) - 0.64%
#24
APA CORP (APA) - 3.22%
LAM RESEARCH CORP (LRCX) - 0.64%
#25
MARSH (MRSH) - 3.21%
APPLIED MATERIALS INC (AMAT) - 0.60%
Total Holdings65505

NLSI vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
NLSI
+3.16%
SPY
+0.48%
3M
NLSI
+10.93%
Winner
SPY
+11.67%
6M
NLSI
+2.40%
Winner
SPY
+9.42%
1Y
NLSI
N/A
SPY
+24.27%
5Y(CAGR)
NLSI
N/A
SPY
+13.36%
10Y(CAGR)
NLSI
N/A
SPY
+15.42%
Max(CAGR)
NLSI
+6.08%
Winner
SPY
+8.49%

NLSI vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearNLSISPY
2026+1.91%+8.88%
2025+1.89%+18.00%
2024N/A+25.59%
2023N/A+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

NLSI vs SPY Drawdown Comparison

The maximum drawdown for NLSI was -13.82%, occurring on Apr 10, 2026. Recovery took 91 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current NLSI drawdown is -6.77%. The current SPY drawdown is -2.35%.

RankNLSISPY
#1-13.82%
Jan 7, 2026 - May 19, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-6.77%
Jun 1, 2026 - Jun 12, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-1.68%
Dec 26, 2025 - Jan 6, 2026		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-0.93%
May 26, 2026 - May 29, 2026		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-0.64%
May 19, 2026 - May 22, 2026		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-0.53%
Dec 15, 2025 - Dec 18, 2025		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-0.08%
Dec 11, 2025 - Dec 15, 2025		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-0.05%
Dec 22, 2025 - Dec 24, 2025		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9N/A-9.44%
Sep 2, 2020 - Nov 11, 2020
#10N/A-9.30%
Jan 19, 2000 - Mar 17, 2000
#11N/A-9.05%
Jul 19, 2007 - Oct 5, 2007
#12N/A-8.88%
Jan 27, 2026 - Apr 14, 2026
#13N/A-8.41%
Jul 16, 2024 - Sep 19, 2024
#14N/A-7.35%
Sep 14, 2012 - Jan 2, 2013
#15N/A-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between NLSI and SPY is 0.80 which considered as a strong positive correlation - the stocks tend to move together.

0.80
-101

Dividend Comparison (1999 - 2026)

NLSI vs SPY dividend yield comparison.

YearNLSISPY
20262.09%0.24%
20250.46%1.07%
20240.00%1.21%
20230.00%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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