Neos leveraged rival outperforms it
TSYX (the leveraged T-SPY vehicle) is implied to lag in the leveraged S&P 500 comparison because the Neos leveraged option is currently outperforming it.
In the leveraged S&P 500 covered-call comparison, the Neos leveraged alternative is shown outperforming TSYX in the current data window. The underperformance suggests TSYX's zero-DTE Roundhill structure has not translated into superior total returns at the leveraged level.