NEOS Enhanced Income Credit Select ETF (HYBI) belongs to the Nontraditional Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HYBI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HYBI
HYBI charges 0.68% annually. There are 8 ETFs in the Nontraditional Bonds category with lower expense ratios, going as low as 0.23%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 0.23% | 92.79M | Dec 2013 | HYBI vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | 0.40% | 116.29M | Feb 2025 | HYBI vs DABS | |
| JPMorgan Flexible Debt ETF | 0.45% | 1.35B | Sep 2025 | HYBI vs JFLX | |
| Simplify Bond Bull ETF | 0.50% | 54.15M | Dec 2024 | HYBI vs RFIX | |
| SPDR Loomis Sayles Opportunistic Bond ETF | 0.55% | 58.06M | Sep 2021 | HYBI vs OBND |
Best Risk-Adjusted Alternatives to HYBI
HYBI has a PortfoliosLab risk / return rank of 78. There are 2 ETFs in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Brookmont Catastrophic Bond ETF | 93 | 16.11M | Mar 2025 | HYBI vs ILS | |
| Simplify Kayne Anderson Energy and Infrastructure ... | 84 | 145.55M | May 2025 | HYBI vs KNRG | |
| DoubleLine Asset-Backed Securities ETF | 78 | 116.29M | Feb 2025 | HYBI vs DABS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 69 | 92.79M | Dec 2013 | HYBI vs AGZD | |
| Return Stacked Bonds & Managed Futures ETF | 66 | 97.11M | Feb 2023 | HYBI vs RSBT |
Top Performing HYBI Alternatives (YTD)
HYBI is at 1.56% YTD. There are 10 ETFs in the Nontraditional Bonds category with higher YTD returns, going as high as 10.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Managed Futures ETF | 10.49% | 97.11M | Feb 2023 | HYBI vs RSBT | |
| Simplify Bond Bull ETF | 7.97% | 54.15M | Dec 2024 | HYBI vs RFIX | |
| RH Hedged Multi-Asset Income ETF | 3.91% | 36.36M | Oct 2009 | HYBI vs AMAX | |
| Ocean Park Diversified Income ETF | 3.09% | 15.94M | Jul 2024 | HYBI vs DUKZ | |
| FolioBeyond Alternative Income and Interest Rate H... | 2.78% | 180.75M | Sep 2021 | HYBI vs RISR |
Lowest Volatility Alternatives to HYBI
HYBI has 3.23% 1-year volatility. There are 6 ETFs in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vest 2 Year Interest Rate Hedge ETF | 0.00% | — | Jan 2024 | HYBI vs HYKE | |
| DoubleLine Asset-Backed Securities ETF | 2.48% | 116.29M | Feb 2025 | HYBI vs DABS | |
| JPMorgan Flexible Debt ETF | 2.60% | 1.35B | Sep 2025 | HYBI vs JFLX | |
| Brookmont Catastrophic Bond ETF | 2.77% | 16.11M | Mar 2025 | HYBI vs ILS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 2.89% | 92.79M | Dec 2013 | HYBI vs AGZD |
Lowest Drawdown Alternatives to HYBI
HYBI has a 1-year max drawdown of -1.43%. There are 3 ETFs in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Brookmont Catastrophic Bond ETF | -0.55% | 16.11M | Mar 2025 | HYBI vs ILS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.87% | 92.79M | Dec 2013 | HYBI vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | -1.29% | 116.29M | Feb 2025 | HYBI vs DABS | |
| Nicholas Fixed Income Alternative ETF | -2.40% | 132.16M | Nov 2022 | HYBI vs FIAX | |
| First Trust TCW Unconstrained Plus Bond ETF | -2.45% | 3.28B | Jun 2018 | HYBI vs UCON |
Other ETFs from Neos
The 10 most viewed Neos ETFs shown here include QQQI, SPYI, BTCI and span 8 categories. AUM among these funds goes as high as $12B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income | 68 | 13.43% | 12.25B | Jan 2024 | HYBI vs QQQI | |
| NEOS S&P 500 High Income ETF | Derivative Income, S&P 500 | 71 | 7.72% | 10.07B | Aug 2022 | HYBI vs SPYI | |
| NEOS Bitcoin High Income ETF | Cryptocurrency, Derivative Income | 2 | -22.74% | 1.24B | Oct 2024 | HYBI vs BTCI | |
| NEOS Gold High Income ETF | Derivative Income, Gold | — | 1.64% | 462.95M | Jun 2025 | HYBI vs IAUI | |
| NEOS Russell 2000 High Income ETF | Derivative Income | 73 | 13.36% | 906.31M | Jun 2024 | HYBI vs IWMI | |
| Neos Enhanced Income Cash Alternative ETF | Ultrashort Bond | 99 | 2.26% | 1.28B | Aug 2022 | HYBI vs CSHI | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | Nasdaq-100, Hedge Fund | 62 | 7.91% | 375.87M | Dec 2019 | HYBI vs QQQH | |
| NEOS Real Estate High Income ETF | Derivative Income | 23 | 4.08% | 272.46M | Jan 2025 | HYBI vs IYRI | |
| Neos MLP & Energy Infrastructure High Income ETF | Energy Equities | — | 17.58% | 643.40M | Dec 2025 | HYBI vs MLPI | |
| NEOS MSCI EAFE High Income ETF | Derivative Income | — | 5.84% | 166.96M | Sep 2025 | HYBI vs NIHI |
Often Compared With HYBI
Investors most often compare HYBI with BNDI, HIGH, HYGH. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare HYBI with Any Fund or Stock
Compare HYBI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HYBI with funds that move differently
NEOS Enhanced Income Credit Select ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HYBI.
Explore HYBI Diversifiers