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% | 131.15M | Dec 2013 | HYBI vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | 0.40% | 146.87M | Feb 2025 | HYBI vs DABS | |
| JPMorgan Flexible Debt ETF | 0.45% | 1.44B | Sep 2025 | HYBI vs JFLX | |
| Simplify Interest Rate Hedge ETF | 0.50% | 182.81M | May 2021 | HYBI vs PFIX | |
| Simplify Bond Bull ETF | 0.50% | 45.63M | Dec 2024 | HYBI vs RFIX |
Best Risk-Adjusted Alternatives to HYBI
HYBI has a PortfoliosLab risk / return rank of 81. There are 4 ETFs in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Brookmont Catastrophic Bond ETF | 98 | 16.11M | Mar 2025 | HYBI vs ILS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 91 | 131.15M | Dec 2013 | HYBI vs AGZD | |
| Simplify Kayne Anderson Energy and Infrastructure ... | 88 | 150.10M | May 2025 | HYBI vs KNRG | |
| DoubleLine Asset-Backed Securities ETF | 85 | 146.87M | Feb 2025 | HYBI vs DABS | |
| Return Stacked Bonds & Managed Futures ETF | 74 | 137.91M | Feb 2023 | HYBI vs RSBT |
Top Performing HYBI Alternatives (YTD)
HYBI is at 2.00% YTD. There are 8 ETFs in the Nontraditional Bonds category with higher YTD returns, going as high as 10.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Interest Rate Hedge ETF | 10.66% | 182.81M | May 2021 | HYBI vs PFIX | |
| FolioBeyond Alternative Income and Interest Rate H... | 4.91% | 180.75M | Sep 2021 | HYBI vs RISR | |
| Simplify Bond Bull ETF | 4.85% | 45.63M | Dec 2024 | HYBI vs RFIX | |
| Return Stacked Bonds & Managed Futures ETF | 4.41% | 137.91M | Feb 2023 | HYBI vs RSBT | |
| Brookmont Catastrophic Bond ETF | 3.50% | 16.11M | Mar 2025 | HYBI vs ILS |
Lowest Volatility Alternatives to HYBI
HYBI has 3.38% 1-year volatility. There are 7 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 | 2.41% | 146.87M | Feb 2025 | HYBI vs DABS | |
| Brookmont Catastrophic Bond ETF | 2.46% | 16.11M | Mar 2025 | HYBI vs ILS | |
| JPMorgan Flexible Debt ETF | 2.58% | 1.44B | Sep 2025 | HYBI vs JFLX | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 2.69% | 131.15M | 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... | -0.73% | 131.15M | Dec 2013 | HYBI vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | -1.29% | 146.87M | Feb 2025 | HYBI vs DABS | |
| Nicholas Fixed Income Alternative ETF | -2.40% | 130.55M | Nov 2022 | HYBI vs FIAX | |
| First Trust TCW Unconstrained Plus Bond ETF | -2.45% | 3.26B | Jun 2018 | HYBI vs UCON |
Other ETFs from Neos
The 10 most viewed Neos ETFs shown here include QQQI, SPYI, BTCI and span 14 categories. AUM among these funds goes as high as $13B.
Often Compared With HYBI
Investors most often compare HYBI with BNDI, HIGH, HYGH. These 20 comparison targets span 11 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