NLSI vs VOO
NEOS Long/Short Equity Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | NLSI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.89% | 0.03% | |
| AUM | $3M | $997.4B | |
| Dividend Yield | 3.71% | 1.08% | |
| Holdings | 67 | 509 | |
| YTD Return | +11.96% | +12.25% | |
| 1Y Return | - | +20.92% | |
| 3Y Return (annualized) | - | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | - | 14.1% | |
| Max Drawdown | -15.0% | -34.3% | |
| Fund Family | NEOS | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 10, 2025 | Sep 7, 2010 |
NLSI vs VOO Performance
NEOS Long/Short Equity Income ETF (NLSI) is a ETF from NEOS and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Year to date, NLSI is up 11.96% versus a gain of 12.25% for VOO.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -15.0% for NLSI and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
NLSI charges 2.89% per year while VOO charges 0.03%. On a $10,000 position that is $289 vs $3 annually, a gap of $286 per year that compounds over a long holding period. On income, NLSI currently yields 3.71% against 1.08% for VOO.
Holdings Overlap
NLSI and VOO share 59 holdings out of 506 unique holdings combined, representing a 9.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NLSI or VOO?
NLSI has an expense ratio of 2.89% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $286 per year of difference.
What is the holdings overlap between NLSI and VOO?
NLSI and VOO share 59 common holdings with a 9.4% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, NLSI or VOO?
NLSI yields 3.71% while VOO yields 1.08%, so NLSI currently pays the higher dividend yield.
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