ATTR vs. NLSI

Last updated Jun 4, 2026

ATTR (Arin Tactical Tail Risk ETF) and NLSI (Neos Long/Short Equity Income ETF) are both Long-Short funds. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. ATTR charges 0.63%/yr vs 2.89%/yr for NLSI.

Performance

ATTR vs. NLSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arin Tactical Tail Risk ETF (ATTR) and Neos Long/Short Equity Income ETF (NLSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATTR achieves a 4.25% return, which is significantly lower than NLSI's 7.01% return.

ATTR

• 1D: -0.12%
• 1M: 0.85%
• YTD: 4.25%
• 6M: 4.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NLSI

• 1D: -0.92%
• 1M: 10.92%
• YTD: 7.01%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ATTR vs. NLSI - Yearly Performance Comparison

	2026 (YTD)	2025
ATTR Arin Tactical Tail Risk ETF	4.25%	0.01%
NLSI Neos Long/Short Equity Income ETF	7.01%	1.90%

Correlation

The correlation between ATTR and NLSI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.21

Return for Risk

ATTR vs. NLSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arin Tactical Tail Risk ETF (ATTR) and Neos Long/Short Equity Income ETF (NLSI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ATTR	NLSI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	1.04	+1.77

Drawdowns

ATTR vs. NLSI - Drawdown Comparison

The maximum ATTR drawdown since its inception was -1.76%, smaller than the maximum NLSI drawdown of -13.82%. Use the drawdown chart below to compare losses from any high point for ATTR and NLSI.

Drawdown Indicators

	ATTR	NLSI	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-13.82%	+12.06%
Current Drawdown Current decline from peak	-0.19%	-1.33%	+1.14%
Average Drawdown Average peak-to-trough decline	-0.18%	-6.10%	+5.92%

Volatility

Volatility by Period

	ATTR	NLSI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	19.37%	-16.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	19.37%	-16.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	19.37%	-16.40%

ATTR vs. NLSI - Expense Ratio Comparison

ATTR has a 0.63% expense ratio, which is lower than NLSI's 2.89% expense ratio.

Dividends

ATTR vs. NLSI - Dividend Comparison

ATTR has not paid dividends to shareholders, while NLSI's dividend yield for the trailing twelve months is around 2.42%.

Position	TTM	2025
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%
NLSI Neos Long/Short Equity Income ETF	2.42%	0.46%

Frequently Asked Questions

Can I hold both ATTR and NLSI in my portfolio?

ATTR and NLSI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ATTR or NLSI?

On fees, ATTR is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ATTR or NLSI?

ATTR is cheaper with a 0.63% expense ratio, compared with 2.89% for NLSI.

Which ETF pays a higher dividend yield, ATTR or NLSI?

NLSI has the higher dividend yield at 2.42%, compared with 0.00% for ATTR.

What is the main difference between ATTR and NLSI?

They also come from different issuers: Arin Risk Advisors and Neos. Their fees differ too: 0.63% for ATTR and 2.89% for NLSI.