NEOS MSCI EAFE High Income ETF (NIHI) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NIHI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NIHI
NIHI charges 0.68% annually. There are 71 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.28M | Nov 2024 | NIHI vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | NIHI vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | NIHI vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | NIHI vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | NIHI vs TLTX |
Best Risk-Adjusted Alternatives to NIHI
Among 144 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | NIHI vs CHPY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 298.09M | Jul 2023 | NIHI vs GOOY | |
| SoFi Enhanced Yield ETF | 93 | 34.73M | Nov 2023 | NIHI vs THTA | |
| Global X NASDAQ 100 Covered Call ETF | 89 | 8.41B | Dec 2013 | NIHI vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 89 | 117.86M | Aug 2024 | NIHI vs TSMY |
Top Performing NIHI Alternatives (YTD)
NIHI is at 6.43% YTD. There are 106 ETFs in the Derivative Income category with higher YTD returns, going as high as 336.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 336.58% | 14.71M | Oct 2025 | NIHI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 181.57% | 90.88M | Jul 2025 | NIHI vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 82.97% | 1.02B | Apr 2025 | NIHI vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 59.27% | 62.15M | May 2024 | NIHI vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 55.67% | 82.87M | Oct 2023 | NIHI vs MRNY |
Lowest Volatility Alternatives to NIHI
NIHI has 15.08% 1-year volatility. There are 104 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | NIHI vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | NIHI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.82% | 90.68M | Feb 2025 | NIHI vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | NIHI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.12% | 287.53M | Feb 2025 | NIHI vs LQTI |
Lowest Drawdown Alternatives to NIHI
Among 148 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | NIHI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | NIHI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | NIHI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | NIHI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | NIHI vs OMAH |
Other ETFs from Neos
The 10 most viewed Neos ETFs shown here include QQQI, SPYI, BTCI and span 9 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 | 70 | 13.04% | 12.25B | Jan 2024 | NIHI vs QQQI | |
| NEOS S&P 500 High Income ETF | Derivative Income, S&P 500 | 75 | 8.08% | 10.07B | Aug 2022 | NIHI vs SPYI | |
| NEOS Bitcoin High Income ETF | Cryptocurrency, Derivative Income | 2 | -24.80% | 1.24B | Oct 2024 | NIHI vs BTCI | |
| NEOS Gold High Income ETF | Derivative Income, Gold | — | 2.26% | 462.95M | Jun 2025 | NIHI vs IAUI | |
| NEOS Russell 2000 High Income ETF | Derivative Income | 78 | 14.60% | 906.31M | Jun 2024 | NIHI vs IWMI | |
| Neos Enhanced Income Cash Alternative ETF | Ultrashort Bond | 99 | 2.30% | 1.28B | Aug 2022 | NIHI vs CSHI | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | Nasdaq-100, Hedge Fund | 63 | 7.69% | 375.87M | Dec 2019 | NIHI vs QQQH | |
| NEOS Real Estate High Income ETF | Derivative Income | 27 | 5.46% | 272.46M | Jan 2025 | NIHI vs IYRI | |
| Neos MLP & Energy Infrastructure High Income ETF | Energy Equities | — | 18.70% | 643.40M | Dec 2025 | NIHI vs MLPI | |
| Neos Enhanced Income Aggregate Bond ETF | Intermediate Core-Plus Bond | 49 | 1.46% | 171.12M | Aug 2022 | NIHI vs BNDI |
Often Compared With NIHI
Investors most often compare NIHI with IDVO, EFAS, GIAX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare NIHI with Any Fund or Stock
Compare NIHI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NIHI with funds that move differently
NEOS MSCI EAFE High Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NIHI.
Explore NIHI Diversifiers