NEOS S&P 500 High Income ETF vs ProShares UltraPro S&P500 — how do they compare? NEOS S&P 500 High Income ETF trades at $54.02 (market cap $12.50B), while ProShares UltraPro S&P500 trades at $154.41 (market cap $5.55B). The key difference: NEOS S&P 500 High Income ETF is far larger — about 2.3× ProShares UltraPro S&P500's market cap, and NEOS S&P 500 High Income ETF is more actively traded (3,058,962 versus 2,078,694). Which is the better fit depends on your goals — on Pluang, investors hold NEOS S&P 500 High Income ETF for 57 Days and ProShares UltraPro S&P500 for 29 Days on average.
| SPYI | UPRO | |
|---|---|---|
Market Cap | $12.50B | $5.55B |
Volume | 3,058,962 | 2,078,694 |
Sector | Income / Options Overlay | Leveraged / Inverse |
52-Week High | $54.42 | $157.66 |
52-Week Low | $47.98 | $89.29 |
Typical Hold Time | 57 Days | 29 Days |
Signals from Pluang's Aura AI — not financial advice
SPYI trades at $53.995, showing minimal daily movement with a slight 0.03% decline. The technical outlook is bullish based on moving averages, though oscillators remain neutral. Recent news highlights SPYI's role in income-focused portfolios, with coverage discussing both its high distribution yields and potential risks to principal value from covered call strategies.
The outlook for SPYI centers on its income generation appeal amid market volatility, but investors should weigh the trade-off between high yields and potential capital erosion. Key risks include sequence risk in retirement portfolios and the cap on upside during strong bull markets.
UPRO trades at $155.21, down 0.77% for the day, with technical indicators showing a bullish trend supported by moving averages while oscillators remain neutral. The stock faces resistance near $156-$160 with support at $151-$147. Recent news highlights S&P 500 valuation concerns and projected earnings growth slowdown from 35% in 2026 to 15% in 2027, creating mixed sentiment around leveraged ETF performance.
Outlook remains cautiously optimistic given the bullish technical setup, though leveraged nature amplifies risks from market volatility and earnings growth deceleration. Key opportunities include potential year-end rally patterns, while risks center on concentrated market exposure and macroeconomic headwinds affecting the underlying index performance.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
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 →UPRO is a leveraged ETF that seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P 500 Index. It is a tactical, high-conviction instrument designed for short-term traders to amplify bullish market moves, utilizing a daily reset mechanism that creates significant compounding effects and volatility risks over time.
Read more on UPRO →