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 78 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% | 28.81M | Nov 2024 | NIHI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 323.20M | Mar 2024 | NIHI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.90M | Sep 2024 | NIHI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | 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 176 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | NIHI vs THTA | |
| Simplify Treasury Option Income ETF | 94 | 480.67M | Oct 2022 | NIHI vs BUCK | |
| YieldMax Semiconductor Portfolio Option Income ETF | 93 | 1.08B | Apr 2025 | NIHI vs CHPY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 92 | 68.65M | Dec 2024 | NIHI vs SOXY | |
| YieldMax AMD Option Income Strategy ETF | 92 | 427.46M | Sep 2023 | NIHI vs AMDY |
Top Performing NIHI Alternatives (YTD)
NIHI is at 6.45% YTD. There are 111 ETFs in the Derivative Income category with higher YTD returns, going as high as 189.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 189.22% | 22.66M | Oct 2025 | NIHI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 187.31% | 107.11M | Jul 2025 | NIHI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 110.45% | 427.46M | Sep 2023 | NIHI vs AMDY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 72.34% | 68.65M | Dec 2024 | NIHI vs SOXY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 67.31% | 1.08B | Apr 2025 | NIHI vs CHPY |
Lowest Volatility Alternatives to NIHI
NIHI has 14.88% 1-year volatility. There are 106 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.63%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.63% | 480.67M | Oct 2022 | NIHI vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.42% | 227.91M | Apr 2026 | NIHI vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.79% | 88.52M | Feb 2025 | NIHI vs HYTI | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 4.76% | 729.94K | May 2026 | NIHI vs FIYY | |
| Main Buywrite ETF | 4.85% | 1.27B | Dec 2015 | NIHI vs BUYW |
Lowest Drawdown Alternatives to NIHI
Among 181 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 480.67M | Oct 2022 | NIHI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.52M | Feb 2025 | NIHI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.27B | 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% | 937.44M | Mar 2025 | NIHI vs OMAH |
Other ETFs from Neos
The 10 most viewed Neos ETFs shown here include QQQI, SPYI, BTCI and span 13 categories. AUM among these funds goes as high as $13B.
Often Compared With NIHI
Investors most often compare NIHI with IDVO, EFAS, GIAX. These 20 comparison targets span 13 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