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 76 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% | 28.26M | Nov 2024 | NIHI vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.12M | Sep 2024 | NIHI vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 307.07M | Mar 2024 | NIHI vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | NIHI vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | 405.44M | Oct 2023 | NIHI vs PAPI |
Best Risk-Adjusted Alternatives to NIHI
Among 167 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 | |
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.11B | Apr 2025 | NIHI vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 93 | 413.17M | Sep 2023 | NIHI vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 240.18M | Jul 2023 | NIHI vs GOOY | |
| First Trust Nasdaq BuyWrite Income ETF | 89 | 904.92M | Jan 2014 | NIHI vs FTQI |
Top Performing NIHI Alternatives (YTD)
NIHI is at 7.52% YTD. There are 98 ETFs in the Derivative Income category with higher YTD returns, going as high as 228.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 228.85% | 22.82M | Oct 2025 | NIHI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 174.56% | 109.34M | Jul 2025 | NIHI vs AMDW | |
| YieldMax MRNA Option Income Strategy ETF | 117.77% | 118.18M | Oct 2023 | NIHI vs MRNY | |
| YieldMax AMD Option Income Strategy ETF | 104.78% | 413.17M | Sep 2023 | NIHI vs AMDY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 74.91% | 1.11B | Apr 2025 | NIHI vs CHPY |
Lowest Volatility Alternatives to NIHI
NIHI has 15.07% 1-year volatility. There are 102 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.92%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.92% | 470.81M | Oct 2022 | NIHI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.91% | 90.87M | Feb 2025 | NIHI vs HYTI | |
| GraniteShares YieldBOOST Financials ETF | 4.45% | — | May 2026 | NIHI vs FINY | |
| Main Buywrite ETF | 4.85% | 1.23B | Dec 2015 | NIHI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.15% | 293.75M | Feb 2025 | NIHI vs LQTI |
Lowest Drawdown Alternatives to NIHI
Among 167 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% | 470.81M | Oct 2022 | NIHI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.87M | Feb 2025 | NIHI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | 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 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 12 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