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New ETF XSPI offers higher, tax-efficient income from S&P 500 with 16.57% yield using options strategy

Market News
27 May 2026
ETF Trends
View Source
Bullish
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The NEOS Boosted S&P 500 High Income ETF (XSPI), launched in February 2026, provides investors a way to earn significantly higher income from the S&P 500, currently yielding just 1.1%. XSPI uses an options overlay strategy—buying calls and selling puts—to boost income, achieving a distribution rate of 16.57%. This approach offers monthly, tax-efficient income while still allowing some upside participation as the S&P 500 rises. Since inception, XSPI has returned 7.13%, making it a compelling option for investors seeking both income and growth potential in a low-dividend environment.

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