NLSI vs VOO
NEOS Long/Short Equity Income ETF vs Vanguard S&P 500 ETF
Which is better, NLSI or VOO?
Long-Short Strategy against Large Cap Blend.
VOO has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NLSI | VOO |
|---|---|---|
| Expense Ratio | 2.89% | 0.03%Best |
| AUM | $4M | $997.4B |
| Dividend Yield | 3.86% | 1.04% |
| Holdings | 67 | 509 |
| YTD Return | +14.53%Best | +12.50% |
| 1Y Return | - | +17.58% |
| 3Y Return (annualized) | - | +21.27% |
| 5Y Return (annualized) | - | +12.95% |
| Fund Family | NEOS | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Long-Short Strategy | Large Cap Blend |
| Inception | Dec 10, 2025 | Sep 7, 2010 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
NLSI vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NLSI vs VOO Performance
NEOS Long/Short Equity Income ETF (NLSI) is an ETF from NEOS and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Year to date, NLSI is up 14.53% versus a gain of 12.50% for VOO.
Past performance does not guarantee future results.
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 3.86% against 1.04% for VOO.
Holdings Overlap
At least 15.3% of VOO's money is in holdings NLSI also owns.
Only one direction is shown: for NLSI, our book for it lists positions totalling 126.9% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
VOO and NLSI share little of their money.
The two holdings books were reported 48 days apart, NLSI as of Aug 17, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
59 positions in common, counted across the 60 positions we hold weights for in NLSI and 505 in VOO, against full books of 67 and 509.
Top Shared Holdings
| Stock | Weight in NLSI | Weight in VOO | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 13.57% | 2.02% | 11.55% |
| MPCMarathon Petroleum Corp. | 4.90% | 0.12% | 4.78% |
| ADBEAdobe Inc | 4.89% | 0.13% | 4.76% |
| VLOValero Energy Corp. | 4.49% | 0.12% | 4.37% |
| UBERUber Technologies Inc | 4.23% | 0.23% | 4.00% |
| CVXChevron Corp. | 3.97% | 0.48% | 3.49% |
| VRTVertiv Group Corp | 4.24% | 0.20% | 4.04% |
| ISRGIntuitive Surgical Inc | 4.19% | 0.22% | 3.97% |
| CMCSAComcast Corp. Class A | 4.25% | 0.14% | 4.11% |
| DISWalt Disney Co | 4.10% | 0.26% | 3.84% |
You are not choosing between two funds in isolation.
Whichever of NLSI and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $286 a year on a $10,000 investment.
What is the holdings overlap between NLSI and VOO?
At least 15.3% of VOO's money is in holdings NLSI also owns. Our book for NLSI is partial, so the real figure is this or higher. They hold 59 positions in common, counted across the 60 positions we hold weights for in NLSI and 505 in VOO.
Which pays a higher dividend, NLSI or VOO?
NLSI yields 3.86% while VOO yields 1.04%, so NLSI currently pays the higher dividend yield.
Is VOO better than NLSI?
VOO has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.