EFAA vs. NIHI

Last updated Jun 5, 2026

EFAA (Invesco MSCI EAFE Income Advantage ETF) and NIHI (NEOS MSCI EAFE High Income ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. EFAA charges 0.39%/yr vs 0.68%/yr for NIHI.

Performance

EFAA vs. NIHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI EAFE Income Advantage ETF (EFAA) and NEOS MSCI EAFE High Income ETF (NIHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EFAA having a 6.56% return and NIHI slightly lower at 6.43%.

EFAA

• 1D: 0.82%
• 1M: 2.66%
• YTD: 6.56%
• 6M: 8.40%
• 1Y: 18.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIHI

• 1D: 0.56%
• 1M: 2.77%
• YTD: 6.43%
• 6M: 8.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EFAA vs. NIHI - Yearly Performance Comparison

	2026 (YTD)	2025
EFAA Invesco MSCI EAFE Income Advantage ETF	6.56%	5.22%
NIHI NEOS MSCI EAFE High Income ETF	6.43%	5.33%

Correlation

The correlation between EFAA and NIHI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.89

EFAA vs. NIHI - Sectors Allocation Comparison

Sectors	EFAA	NIHI
Financial Services	24.5%	22.9%
Industrials	20.0%	20.5%
Healthcare	10.5%	9.8%
Technology	10.4%	10.2%
Consumer Cyclical	7.6%	8.2%
Consumer Defensive	6.8%	6.4%
Basic Materials	5.9%	6.6%
Communication Services	4.5%	4.5%
Energy	4.0%	4.0%
Utilities	3.9%	3.8%
Real Estate	1.9%	3.1%

Return for Risk

EFAA vs. NIHI — Risk / Return Rank

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

EFAA

EFAA Risk / Return Rank: 44
EFAA Sharpe Ratio Rank: 46
EFAA Sortino Ratio Rank: 45
EFAA Omega Ratio Rank: 46
EFAA Calmar Ratio Rank: 37
EFAA Martin Ratio Rank: 45

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.

EFAA vs. NIHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI EAFE Income Advantage ETF (EFAA) and NEOS MSCI EAFE High Income ETF (NIHI). 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.

	EFAA	NIHI	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	1.85	—	—
Martin ratio: Return relative to average drawdown	7.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EFAA	NIHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	1.16	-0.01

Drawdowns

EFAA vs. NIHI - Drawdown Comparison

The maximum EFAA drawdown since its inception was -11.97%, which is greater than NIHI's maximum drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for EFAA and NIHI.

Drawdown Indicators

	EFAA	NIHI	Difference
Max Drawdown Largest peak-to-trough decline	-11.97%	-10.88%	-1.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	—	—
Current Drawdown Current decline from peak	-0.41%	-0.59%	+0.18%
Average Drawdown Average peak-to-trough decline	-2.03%	-2.37%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	—	—

Volatility

Volatility by Period

	EFAA	NIHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	15.08%	-3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.96%	15.08%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.96%	15.08%	-2.12%

EFAA vs. NIHI - Expense Ratio Comparison

EFAA has a 0.39% expense ratio, which is lower than NIHI's 0.68% expense ratio.

Dividends

EFAA vs. NIHI - Dividend Comparison

EFAA's dividend yield for the trailing twelve months is around 8.07%, more than NIHI's 7.79% yield.

Position	TTM	2025	2024
EFAA Invesco MSCI EAFE Income Advantage ETF	8.07%	7.94%	3.29%
NIHI NEOS MSCI EAFE High Income ETF	7.79%	3.44%	0.00%

Frequently Asked Questions

Can I hold both EFAA and NIHI in my portfolio?

EFAA and NIHI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EFAA or NIHI?

On fees, EFAA is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EFAA or NIHI?

EFAA is cheaper with a 0.39% expense ratio, compared with 0.68% for NIHI.

Which ETF pays a higher dividend yield, EFAA or NIHI?

EFAA has the higher dividend yield at 8.07%, compared with 7.79% for NIHI.

What is the main difference between EFAA and NIHI?

They also come from different issuers: Invesco and Neos. Their fees differ too: 0.39% for EFAA and 0.68% for NIHI.