ABHY vs. HYBI

Last updated Apr 2, 2026

Compare and contrast key facts about Abacus Tactical High Yield ETF (ABHY) and NEOS Enhanced Income Credit Select ETF (HYBI).

ABHY and HYBI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ABHY is an actively managed fund by Abacus. HYBI is an actively managed fund by Neos. It was launched on Sep 27, 2024.

Performance

ABHY vs. HYBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abacus Tactical High Yield ETF (ABHY) and NEOS Enhanced Income Credit Select ETF (HYBI). The values are adjusted to include any dividend payments, if applicable.

ABHY vs. HYBI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ABHY Abacus Tactical High Yield ETF	-0.78%	8.73%	-1.96%
HYBI NEOS Enhanced Income Credit Select ETF	0.31%	6.97%	-0.48%

Returns By Period

In the year-to-date period, ABHY achieves a -0.78% return, which is significantly lower than HYBI's 0.31% return.

ABHY

• 1D: 0.10%
• 1M: -2.10%
• YTD: -0.78%
• 6M: 0.51%
• 1Y: 6.73%
• 3Y*: 5.48%
• 5Y*: 1.10%
• 10Y*: —

HYBI

• 1D: -0.00%
• 1M: -0.57%
• YTD: 0.31%
• 6M: 1.46%
• 1Y: 7.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABHY vs. HYBI - Expense Ratio Comparison

ABHY has a 0.63% expense ratio, which is lower than HYBI's 0.68% expense ratio.

HYBI

NEOS Enhanced Income Credit Select ETF

ABHY

Abacus Tactical High Yield ETF

Return for Risk

ABHY vs. HYBI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABHY

ABHY Risk / Return Rank: 80
ABHY Sharpe Ratio Rank: 84
ABHY Sortino Ratio Rank: 88
ABHY Omega Ratio Rank: 83
ABHY Calmar Ratio Rank: 70
ABHY Martin Ratio Rank: 77

HYBI

HYBI Risk / Return Rank: 81
HYBI Sharpe Ratio Rank: 72
HYBI Sortino Ratio Rank: 76
HYBI Omega Ratio Rank: 87
HYBI Calmar Ratio Rank: 82
HYBI Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABHY vs. HYBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abacus Tactical High Yield ETF (ABHY) and NEOS Enhanced Income Credit Select ETF (HYBI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ABHY	HYBI	Difference
Sharpe ratio Return per unit of total volatility	1.77	1.33	+0.44
Sortino ratio Return per unit of downside risk	2.53	2.01	+0.52
Omega ratio Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio Return relative to maximum drawdown	2.03	2.49	-0.46
Martin ratio Return relative to average drawdown	9.21	12.04	-2.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABHY vs. HYBI - Sharpe Ratio Comparison

The current ABHY Sharpe Ratio is 1.77, which is higher than the HYBI Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of ABHY and HYBI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ABHY	HYBI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	1.33	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.88	-0.67

Correlation

The correlation between ABHY and HYBI is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ABHY vs. HYBI - Dividend Comparison

ABHY's dividend yield for the trailing twelve months is around 5.25%, less than HYBI's 8.37% yield.

	TTM	2025	2024	2023	2022	2021	2020
ABHY Abacus Tactical High Yield ETF	5.25%	5.50%	15.35%	4.79%	3.18%	3.40%	0.37%
HYBI NEOS Enhanced Income Credit Select ETF	8.37%	8.48%	2.21%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ABHY vs. HYBI - Drawdown Comparison

The maximum ABHY drawdown since its inception was -16.96%, which is greater than HYBI's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for ABHY and HYBI.

Drawdown Indicators

	ABHY	HYBI	Difference
Max Drawdown Largest peak-to-trough decline	-16.96%	-4.68%	-12.28%
Max Drawdown (1Y) Largest decline over 1 year	-3.43%	-3.07%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-16.96%	—	—
Current Drawdown Current decline from peak	-2.55%	-0.96%	-1.59%
Average Drawdown Average peak-to-trough decline	-5.86%	-0.66%	-5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	0.63%	+0.13%

Volatility

ABHY vs. HYBI - Volatility Comparison

Abacus Tactical High Yield ETF (ABHY) has a higher volatility of 2.06% compared to NEOS Enhanced Income Credit Select ETF (HYBI) at 1.14%. This indicates that ABHY's price experiences larger fluctuations and is considered to be riskier than HYBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABHY	HYBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	1.14%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	2.44%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	5.56%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.58%	5.10%	+0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.50%	5.10%	+0.40%