Direxion Daily S&P 500 Bull 3X Shares vs NEOS S&P 500 High Income ETF — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.48, while NEOS S&P 500 High Income ETF trades at $53.44. Which is the better fit depends on your goals.
| SPXL | SPYI | |
|---|---|---|
Sector | Leveraged / Inverse | Income / Options Overlay |
52-Week High | $288.04 | $54.07 |
52-Week Low | $170.20 | $47.98 |
Trailing returns across standard periods
Latest headlines on both assets
SPXL aims for 300% of the S&P 500's daily performance. It uses swaps and futures to provide 3x leverage, making it a high-risk tool for short-term traders. Due to daily resets, it is prone to volatility decay and is not intended for long-term holding.
Read more on SPXL →SPYI is an actively managed ETF designed to generate high monthly income through a data-driven call option strategy on the S&P 500 Index. Unlike traditional covered call funds that often forfeit significant upside, SPYI utilizes a 'call spread' approach—selling near-the-money calls while buying out-of-the-money calls—to capture a portion of equity appreciation in rising markets. It prioritizes tax efficiency by utilizing Section 1256 contracts and tax-loss harvesting to provide investors with high-yield monthly distributions.
Read more on SPYI →