AHYB vs. HYBI

Last updated Apr 3, 2026

Compare and contrast key facts about American Century Select High Yield ETF (AHYB) and NEOS Enhanced Income Credit Select ETF (HYBI).

AHYB and HYBI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AHYB is a passively managed fund by American Century that tracks the performance of the ICE BofA US High Yield Constrained (BB). It was launched on Nov 16, 2021. HYBI is an actively managed fund by Neos. It was launched on Sep 27, 2024.

Performance

AHYB vs. HYBI - Performance Comparison

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

AHYB vs. HYBI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AHYB American Century Select High Yield ETF	-0.14%	8.96%	-0.52%
HYBI NEOS Enhanced Income Credit Select ETF	0.39%	6.97%	-0.48%

Returns By Period

In the year-to-date period, AHYB achieves a -0.14% return, which is significantly lower than HYBI's 0.39% return.

AHYB

• 1D: 0.08%
• 1M: -0.84%
• YTD: -0.14%
• 6M: 1.39%
• 1Y: 6.77%
• 3Y*: 7.40%
• 5Y*: —
• 10Y*: —

HYBI

• 1D: 0.08%
• 1M: -0.29%
• YTD: 0.39%
• 6M: 1.52%
• 1Y: 7.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AHYB vs. HYBI - Expense Ratio Comparison

AHYB has a 0.45% expense ratio, which is lower than HYBI's 0.68% expense ratio.

HYBI

NEOS Enhanced Income Credit Select ETF

AHYB

American Century Select High Yield ETF

Return for Risk

AHYB vs. HYBI — Risk / Return Rank

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

AHYB

AHYB Risk / Return Rank: 74
AHYB Sharpe Ratio Rank: 72
AHYB Sortino Ratio Rank: 76
AHYB Omega Ratio Rank: 79
AHYB Calmar Ratio Rank: 64
AHYB Martin Ratio Rank: 79

HYBI

HYBI Risk / Return Rank: 78
HYBI Sharpe Ratio Rank: 69
HYBI Sortino Ratio Rank: 74
HYBI Omega Ratio Rank: 85
HYBI Calmar Ratio Rank: 77
HYBI Martin Ratio Rank: 86

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.

AHYB vs. HYBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Select High Yield ETF (AHYB) 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.

	AHYB	HYBI	Difference
Sharpe ratio Return per unit of total volatility	1.36	1.31	+0.05
Sortino ratio Return per unit of downside risk	2.05	1.97	+0.08
Omega ratio Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio Return relative to maximum drawdown	1.98	2.43	-0.45
Martin ratio Return relative to average drawdown	10.29	11.72	-1.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHYB vs. HYBI - Sharpe Ratio Comparison

The current AHYB Sharpe Ratio is 1.36, which is comparable to the HYBI Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of AHYB 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

	AHYB	HYBI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	1.31	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.89	-0.39

Correlation

The correlation between AHYB and HYBI is 0.83, 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

AHYB vs. HYBI - Dividend Comparison

AHYB's dividend yield for the trailing twelve months is around 5.49%, less than HYBI's 8.36% yield.

	TTM	2025	2024	2023	2022	2021
AHYB American Century Select High Yield ETF	5.49%	5.80%	5.87%	5.28%	5.06%	0.60%
HYBI NEOS Enhanced Income Credit Select ETF	8.36%	8.48%	2.21%	0.00%	0.00%	0.00%

Drawdowns

AHYB vs. HYBI - Drawdown Comparison

The maximum AHYB drawdown since its inception was -14.76%, which is greater than HYBI's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for AHYB and HYBI.

Drawdown Indicators

	AHYB	HYBI	Difference
Max Drawdown Largest peak-to-trough decline	-14.76%	-4.68%	-10.08%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-2.35%	-0.29%
Current Drawdown Current decline from peak	-1.01%	-0.88%	-0.13%
Average Drawdown Average peak-to-trough decline	-3.59%	-0.66%	-2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	0.64%	+0.04%

Volatility

AHYB vs. HYBI - Volatility Comparison

American Century Select High Yield ETF (AHYB) has a higher volatility of 1.91% compared to NEOS Enhanced Income Credit Select ETF (HYBI) at 1.12%. This indicates that AHYB'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

	AHYB	HYBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	1.12%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	2.49%	2.43%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	5.55%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.25%	5.10%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.25%	5.10%	+2.15%