SPXL vs XSPI
Direxion Daily S&P 500 Bull 3X ETF vs NEOS Boosted S&P 500 High Income ETF
Which is better, SPXL or XSPI?
SPXL costs less.
SPXL 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 | SPXL | XSPI |
|---|---|---|
| Expense Ratio | 0.84%Best | 0.98% |
| AUM | $5.9B | $133M |
| Dividend Yield | 0.54% | 12.88% |
| Holdings | 1,040 | 1,022 |
| YTD Return | +21.74%Best | +9.58% |
| 1Y Return | +20.27% | - |
| 3Y Return (annualized) | +48.85% | - |
| 5Y Return (annualized) | +15.24% | - |
| Fund Family | Direxion Shares ETF Trust | NEOS |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 5, 2008 | Feb 2, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPXL vs XSPI 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.
SPXL vs XSPI Performance
Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust and NEOS Boosted S&P 500 High Income ETF (XSPI) is an ETF from NEOS. Year to date, SPXL is up 21.74% versus a gain of 9.58% for XSPI.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPXL charges 0.84% per year while XSPI charges 0.98%. On a $10,000 position that is $84 vs $98 annually, a gap of $14 per year that compounds over a long holding period. On income, SPXL currently yields 0.54% against 12.88% for XSPI.
You are not choosing between two funds in isolation.
Whichever of SPXL and XSPI 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, SPXL or XSPI?
SPXL has an expense ratio of 0.84% while XSPI charges 0.98%. SPXL is the cheaper option, by $14 a year on a $10,000 investment.
Which pays a higher dividend, SPXL or XSPI?
SPXL yields 0.54% while XSPI yields 12.88%, so XSPI currently pays the higher dividend yield.
Is XSPI better than SPXL?
SPXL has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.