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NLSIvsFXLETF Comparison

ETF 1

NLSI

NEOS Long/Short Equity Income ETF

This fund is part of

Alternatives

+0.09%

Full NLSI fund page

VS

ETF 2

FXL

First Trust Technology AlphaDEX Fund ETF

This fund is part of

US Info. Technology

+0.55%

Full FXL fund page

NEOS Long/Short Equity Income ETF (NLSI) belongs to the Alternatives segment. First Trust Technology AlphaDEX Fund ETF (FXL) is part of the US Info. Technology segment. NLSI's top 3 sector exposures are Information Technology, Financials and Health Care. In contrast, FXL's top sector exposures are Information Technology, Industrials and Communication Services. NLSI is more expensive with a Total Expense Ratio (TER) of 2.89%, versus 0.6% for FXL. NLSI is down -11.29% year-to-date (YTD) with -$3M in YTD flows. FXL performs better with 0.19% YTD performance, and -$58M in YTD flows. Run a side-by-side ETF comparison of NLSI and FXL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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NLSI vs FXL performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/09/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NLSI FXL	-7.57%+2.19%	-11.17%-2.43%	-11.29%+0.19%	n/a+46.03%	n/a+65.20%	n/a+41.83%
Flows	NLSI FXL	--$16M	-$3M-$58M	-$3M-$58M	--$125M	--$328M	--$1.67B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NLSI FXL	+20.04%+26.45%	n/a+26.24%	n/a+23.61%	n/a+25.47%
Max drawdown	NLSI FXL	-11.61%-13.53%	n/a-13.53%	n/a-28.19%	n/a-38.56%
Max drawdown duration	NLSI FXL	88d70d	n/a70d	n/a156d	n/a821d

Trading data

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	NLSI	FXL
Last sale 4/10/2026 at 1:30 PM		$166.25
Previous close 04/09/2026		$167.40
Consolidated volume 04/09/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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NLSI

is actively managed and doesn’t replicate an index

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	NLSI	FXL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/10/2026 at 1:30 PM

Live

Closed

	NLSI	FXL
Last price	–	$166.25
1D performance	–	-0.69%
AuM	$2.24 M	$1.36 B
E/R	2.89%	0.6%

Characteristics

	NLSI	FXL
Management strategy	Active	Passive
Provider	NEOS Investment Management	First Trust
Benchmark	-	StrataQuant Technology Index
N° of holdings	60	96
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	December 10, 2025	May 8, 2007
ESG	No	No

More NLSI data on Trackinsight

More FXL data on Trackinsight

Exposure

Countries

NLSI

Data will be available soon

FXL

USA

94.7%

Other

5.3%

Sectors

NLSI

Data will be available soon

FXL

Information Techn.

78.9%

Industrials

9.8%

Other

11.3%

Diversification

NLSI

Data will be available soon

FXL

Total weight of top 15 holdings out of 15

29.42%

Top 15 holdings

Data as of February 28, 2026

NLSI

Data will be available soon

FXL

VERTIV HOLDINGS

2.78%

APPLIED MATERIAL

2.31%

ARROW ELECTRONICS

2.22%

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC

2.21%

US5128073062

2.16%

MICRON TECHNOLOGY

2.08%

KLA CORPORATION

2.03%

CIRRUS LOGIC

1.96%

AVNET

1.73%

AMPHENOL

1.73%

AKAMAI TECHNOLOGIES

1.72%

ALPHABET INC-CL

1.68%

MONOLITHIC POWER SYSTEMS

1.62%

MICROSTRATEGY

1.60%

SCIENCE APPLICATIONS INTERNATIONAL CORP

1.59%

Frequently asked questions about NLSI and FXL

How have the NLSI and FXL ETFs performed in 2026?

As of April 9, 2026, NLSI is down -11.29% year-to-date (YTD), while FXL has returned 0.19%. That puts FXL better performer ahead so far this year.

Which ETF is attracting more investor money: NLSI or FXL?

Year-to-date, the NLSI ETF saw -$3M in flows, compared to -$58M for FXL.

Which ETF is bigger: NLSI or FXL?

As of April 9, 2026, NLSI holds $2.24 M in assets under management (AUM), while FXL manages $1.36 B.

What sectors do the NLSI and FXL ETFs invest in?

NLSI leans toward sectors like Information Technology and Financials. Meanwhile, FXL focuses on Information Technology and Industrials.

What are the top holdings of the NLSI ETF and FXL ETF?

NLSI top holdings include MICRON TECHNOLOGY, DECKERS OUTDOOR and DEVON ENERGY. FXL holds in its top three: VERTIV HOLDINGS, APPLIED MATERIAL and ARROW ELECTRONICS.

NLSIvsFXLETF Comparison

NEOS Long/Short Equity Income ETF

First Trust Technology AlphaDEX Fund ETF

NLSI vs FXL performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the NLSI and FXL ETFs performed in 2026?

As of April 9, 2026, NLSI is down -11.29% year-to-date (YTD), while FXL has returned 0.19%. That puts FXL better performer ahead so far this year.

Which ETF is attracting more investor money: NLSI or FXL?

Year-to-date, the NLSI ETF saw -$3M in flows, compared to -$58M for FXL.

Which ETF is bigger: NLSI or FXL?

As of April 9, 2026, NLSI holds $2.24 M in assets under management (AUM), while FXL manages $1.36 B.

What sectors do the NLSI and FXL ETFs invest in?

NLSI leans toward sectors like Information Technology and Financials. Meanwhile, FXL focuses on Information Technology and Industrials.

What are the top holdings of the NLSI ETF and FXL ETF?

NLSI top holdings include MICRON TECHNOLOGY, DECKERS OUTDOOR and DEVON ENERGY. FXL holds in its top three: VERTIV HOLDINGS, APPLIED MATERIAL and ARROW ELECTRONICS.

Which ETF is more diversified: NLSI or FXL?

NLSI holds 60 securities with 69.51% of its assets in the top 15. FXL has 102 securities and a top 15 weight of 29.42%.

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