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 -23.96% vs 5.82% 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 -17.89% return, which is significantly lower than HYBI's 1.91% return.
FSCO
- 1D
- -1.02%
- 1M
- 1.64%
- 6M
- -18.92%
- YTD
- -17.89%
- 1Y
- -23.96%
- 3Y*
- 10.95%
- 5Y*
- —
- 10Y*
- —
HYBI
- 1D
- -0.24%
- 1M
- 0.15%
- 6M
- 1.39%
- YTD
- 1.91%
- 1Y
- 5.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSCO vs. HYBI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSCO FS Credit Opportunities Corp. | -17.89% | 3.68% | 9.49% |
HYBI NEOS Enhanced Income Credit Select ETF | 1.91% | 6.97% | -0.53% |
Correlation
The correlation between FSCO and HYBI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSCO | HYBI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.34 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 4.09 | -4.77 |
| Martin ratioReturn relative to average drawdown | -1.25 | 13.21 | -14.47 |
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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 | -28.31% | -0.37% | -27.94% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -0.60% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.17% | 0.44% | +18.73% |
Volatility
FSCO vs. HYBI - Volatility Comparison
FS Credit Opportunities Corp. (FSCO) has a higher volatility of 5.20% compared to NEOS Enhanced Income Credit Select ETF (HYBI) at 1.03%. 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 | 5.20% | 1.03% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 22.60% | 2.36% | +20.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.62% | 3.33% | +24.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.03% | 4.88% | +23.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.03% | 4.88% | +23.15% |
Dividends
FSCO vs. HYBI - Dividend Comparison
FSCO's dividend yield for the trailing twelve months is around 16.06%, more than HYBI's 8.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 16.06% | 12.65% | 10.47% | 11.26% | 1.95% |
HYBI NEOS Enhanced Income Credit Select ETF | 8.33% | 8.48% | 2.21% | 0.00% | 0.00% |
Frequently Asked Questions
FSCO and HYBI have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (5.20%) compared to HYBI (1.03%). In terms of maximum drawdown, FSCO dropped -35.53% vs HYBI's -4.68%.
HYBI currently has the higher Sharpe Ratio (1.76 vs -0.87), 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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