FSEP vs XSPI
FT Vest US Equity Buffer ETF - September vs NEOS Boosted S&P 500 High Income ETF
Which is better, FSEP or XSPI?
FSEP costs less.
FSEP 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 | FSEP | XSPI |
|---|---|---|
| Expense Ratio | 0.85%Best | 0.98% |
| AUM | $1.4B | $119M |
| Dividend Yield | 0.00% | 9.60% |
| Holdings | 10 | 1,018 |
| YTD Return | +11.52% | +11.70%Best |
| 1Y Return | +14.29% | - |
| 3Y Return (annualized) | +15.18% | - |
| 5Y Return (annualized) | +10.70% | - |
| Fund Family | First Trust Portfolios (US) | NEOS |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Sep 18, 2020 | Feb 2, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
FSEP 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.
FSEP vs XSPI Performance
FT Vest US Equity Buffer ETF - September (FSEP) is an ETF from First Trust Portfolios (US) and NEOS Boosted S&P 500 High Income ETF (XSPI) is an ETF from NEOS. Year to date, FSEP is up 11.52% versus a gain of 11.70% for XSPI.
Past performance does not guarantee future results.
Fees and Cost Over Time
FSEP charges 0.85% per year while XSPI charges 0.98%. On a $10,000 position that is $85 vs $98 annually, a gap of $13 per year that compounds over a long holding period. On income, FSEP currently yields 0.00% against 9.60% for XSPI.
You are not choosing between two funds in isolation.
Whichever of FSEP 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, FSEP or XSPI?
FSEP has an expense ratio of 0.85% while XSPI charges 0.98%. FSEP is the cheaper option, by $13 a year on a $10,000 investment.
Which pays a higher dividend, FSEP or XSPI?
FSEP yields 0.00% while XSPI yields 9.60%, so XSPI currently pays the higher dividend yield.
Is XSPI better than FSEP?
FSEP has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.