- CUSIP
- 78433H477
- Issuer
- Neos
- Inception Date
- Dec 9, 2025
- Category
- Derivative Income, Long-Short
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $3M
Highlights
- Avg. Volume (1M)
- 2K
- Avg. Volume Value (1M)
- $117.78K
Share Price Chart
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Performance
NLSI Performance Chart
Neos Long/Short Equity Income ETF (NLSI) is up 7.0% since the beginning of the year. NLSI is currently trading at $53 per share.
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Returns By Period
Neos Long/Short Equity Income ETF
- 1D
- -1.45%
- 1M
- 2.81%
- 6M
- 11.99%
- YTD
- 6.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NLSI Monthly Returns History
Based on dividend-adjusted daily data since Dec 10, 2025, NLSI's average daily return is +0.06%, while the average monthly return is +1.28%. At this rate, an investment would double in approximately 4.5 years.
Historically, 50% of months were positive and 50% were negative. The best month was May 2026 with a return of +10.6%, while the worst month was Jan 2026 at -4.5%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NLSI closed higher 55% of trading days. The best single day was Jun 1, 2026 with a return of +3.7%, while the worst single day was Mar 24, 2026 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.47% | -3.29% | -2.48% | 4.95% | 10.61% | -2.16% | 4.55% | 6.98% | |||||
| 2025 | 2.51% | 2.51% |
Benchmark Metrics
Neos Long/Short Equity Income ETF has an annualized alpha of 9.97%, beta of 0.45, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since December 10, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (74.05%) than losses (51.98%) - typical of diversified or defensive assets.
- Beta of 0.45 may look defensive, but with R2 of 0.10 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.10 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 9.97%
- Beta
- 0.45
- R²
- 0.10
- Upside Capture
- 74.05%
- Downside Capture
- 51.98%
Expense Ratio
NLSI has a high expense ratio of 2.89%, indicating above-average management fees.
Return for Risk
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Neos Long/Short Equity Income ETF (NLSI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NLSI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 8.49 | — |
Dividends
Dividend History
Neos Long/Short Equity Income ETF provided a 3.31% dividend yield over the last twelve months, with an annual payout of $1.76 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.76 | $0.24 |
Dividend yield | 3.31% | 0.46% |
Monthly Dividends
The table displays the monthly dividend distributions for Neos Long/Short Equity Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.22 | $0.20 | $0.21 | $0.21 | $0.23 | $0.23 | $0.24 | $1.52 | |||||
| 2025 | $0.24 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Neos Long/Short Equity Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Neos Long/Short Equity Income ETF was 13.82%, occurring on Apr 10, 2026. Recovery took 27 trading sessions.
The current Neos Long/Short Equity Income ETF drawdown is 1.45%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.82%Apr 2026 | 3mo 2d | 1mo 9d | 4mo 11dJan 2026 - May 2026 | — |
-8.08%Jun 2026 | 15d | 1mo 13d | 1mo 28dJun 2026 - Jul 2026 | — |
-1.68%Jan 2026 | 4d | 4d | 8dDec 2025 - Jan 2026 | — |
-1.45%Jul 2026 | 1d | — | 2dJul 2026 - now | — |
-0.94%May 2026 | 1d | 2d | 2dMay 2026 - May 2026 | — |
Drawdown Indicators
| NLSI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.82% | -56.78% | +42.96% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.45% | -1.58% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -10.70% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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