FSCO vs. HYBI
FSCO (FS Credit Opportunities Corp.) is a stock, while HYBI (NEOS Enhanced Income Credit Select ETF) is Nontraditional Bonds fund actively managed by Neos. Over the past year, FSCO returned -22.48% vs 7.29% for HYBI. At a 0.22 correlation, their price movements are largely independent.
Performance
FSCO vs. HYBI - Performance Comparison
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Returns By Period
In the year-to-date period, FSCO achieves a -17.54% return, which is significantly lower than HYBI's 1.70% return.
FSCO
- 1D
- 1.03%
- 1M
- -6.27%
- YTD
- -17.54%
- 6M
- -13.32%
- 1Y
- -22.48%
- 3Y*
- 15.00%
- 5Y*
- —
- 10Y*
- —
HYBI
- 1D
- 0.13%
- 1M
- 0.27%
- YTD
- 1.70%
- 6M
- 2.21%
- 1Y
- 7.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSCO vs. HYBI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSCO FS Credit Opportunities Corp. | -17.54% | 3.68% | 10.35% |
HYBI NEOS Enhanced Income Credit Select ETF | 1.70% | 6.97% | -0.48% |
Correlation
The correlation between FSCO and HYBI is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024 | 0.22 |
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Return for Risk
FSCO vs. HYBI — Risk / Return Rank
FSCO
HYBI
FSCO vs. HYBI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Credit Opportunities Corp. (FSCO) 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.
| FSCO | HYBI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.52 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.44 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 5.13 | -5.76 |
| Martin ratioReturn relative to average drawdown | -1.33 | 16.80 | -18.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSCO | HYBI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.83 | 2.28 | -3.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.99 | -0.41 |
Drawdowns
FSCO vs. HYBI - Drawdown Comparison
The maximum FSCO drawdown since its inception was -35.53%, which is greater than HYBI's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for FSCO and HYBI.
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Drawdown Indicators
| FSCO | HYBI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.53% | -4.68% | -30.85% |
Max Drawdown (1Y)Largest decline over 1 year | -35.53% | -1.43% | -34.10% |
Max Drawdown (3Y)Largest decline over 3 years | -35.53% | — | — |
Current DrawdownCurrent decline from peak | -28.00% | -0.11% | -27.89% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -0.62% | -7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.99% | 0.44% | +16.55% |
Volatility
FSCO vs. HYBI - Volatility Comparison
FS Credit Opportunities Corp. (FSCO) has a higher volatility of 4.77% compared to NEOS Enhanced Income Credit Select ETF (HYBI) at 0.98%. This indicates that FSCO'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.
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Volatility by Period
| FSCO | HYBI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 0.98% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 22.57% | 2.13% | +20.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.09% | 3.22% | +23.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.70% | 4.93% | +22.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.70% | 4.93% | +22.77% |
Dividends
FSCO vs. HYBI - Dividend Comparison
FSCO's dividend yield for the trailing twelve months is around 15.99%, more than HYBI's 8.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 15.99% | 12.65% | 10.47% | 11.26% | 1.95% |
HYBI NEOS Enhanced Income Credit Select ETF | 8.36% | 8.48% | 2.21% | 0.00% | 0.00% |
Frequently Asked Questions
FSCO and HYBI have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (4.77%) compared to HYBI (0.98%). In terms of maximum drawdown, FSCO dropped -35.53% vs HYBI's -4.68%.
HYBI currently has the higher Sharpe Ratio (2.28 vs -0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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