UPRO vs XSPI
ProShares UltraPro S&P 500 vs NEOS Boosted S&P 500 High Income ETF
Which is better, UPRO or XSPI?
UPRO costs less.
UPRO 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 | UPRO | XSPI |
|---|---|---|
| Expense Ratio | 0.88%Best | 0.98% |
| AUM | $5.7B | $119M |
| Dividend Yield | 0.77% | 9.60% |
| Holdings | 520 | 1,018 |
| YTD Return | +29.25%Best | +11.70% |
| 1Y Return | +38.25% | - |
| 3Y Return (annualized) | +51.43% | - |
| 5Y Return (annualized) | +19.36% | - |
| Fund Family | ProShares | NEOS |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 23, 2009 | Feb 2, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
UPRO 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.
UPRO vs XSPI Performance
ProShares UltraPro S&P 500 (UPRO) is an ETF from ProShares and NEOS Boosted S&P 500 High Income ETF (XSPI) is an ETF from NEOS. Year to date, UPRO is up 29.25% versus a gain of 11.70% for XSPI.
Past performance does not guarantee future results.
Fees and Cost Over Time
UPRO charges 0.88% per year while XSPI charges 0.98%. On a $10,000 position that is $88 vs $98 annually, a gap of $10 per year that compounds over a long holding period. On income, UPRO currently yields 0.77% against 9.60% for XSPI.
Holdings Overlap
At least 96.0% of XSPI's money is in holdings UPRO also owns.
Stated as a floor: for UPRO, our book for it covers 72.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of XSPI is already inside UPRO. Owning both mostly buys the same companies twice.
472 positions in common, counted across the 502 positions we hold weights for in UPRO and 491 in XSPI, against full books of 520 and 1,018.
Top Shared Holdings
| Stock | Weight in UPRO | Weight in XSPI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.01% | 8.00% | 3.99% |
| AAPLApple, Inc | 3.83% | 7.69% | 3.86% |
| MSFTMicrosoft Corp | 2.94% | 5.88% | 2.94% |
| AMZNAmazon.Com Inc | 1.95% | 3.90% | 1.95% |
| GOOGLAlphabet Inc | 1.61% | 3.21% | 1.60% |
| GOOGAlphabet Inc. C | 1.28% | 2.55% | 1.27% |
| AVGOBroadcom Inc | 1.28% | 2.54% | 1.26% |
| METAMeta Platforms Inc | 1.15% | 2.24% | 1.09% |
| MUMicron Technology, Inc. | 0.82% | 1.57% | 0.75% |
| TSLATesla Inc | 0.79% | 1.55% | 0.76% |
96.0% of XSPI is already inside UPRO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, UPRO or XSPI?
UPRO has an expense ratio of 0.88% while XSPI charges 0.98%. UPRO is the cheaper option, by $10 a year on a $10,000 investment.
What is the holdings overlap between UPRO and XSPI?
At least 96.0% of XSPI's money is in holdings UPRO also owns. Our book for UPRO is partial, so the real figure is this or higher. They hold 472 positions in common, counted across the 502 positions we hold weights for in UPRO and 491 in XSPI.
Which pays a higher dividend, UPRO or XSPI?
UPRO yields 0.77% while XSPI yields 9.60%, so XSPI currently pays the higher dividend yield.
Is XSPI better than UPRO?
UPRO has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.