GLDB vs. HYBI

Last updated Apr 2, 2026

Compare and contrast key facts about Strategy Shares Gold-Hedged Bond ETF (GLDB) and NEOS Enhanced Income Credit Select ETF (HYBI).

GLDB and HYBI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDB is a passively managed fund by Strategy Shares that tracks the performance of the Solactive Gold Backed Bond Index - Benchmark TR Gross. It was launched on May 17, 2021. HYBI is an actively managed fund by Neos. It was launched on Sep 27, 2024.

Performance

GLDB vs. HYBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Gold-Hedged Bond ETF (GLDB) and NEOS Enhanced Income Credit Select ETF (HYBI). The values are adjusted to include any dividend payments, if applicable.

GLDB vs. HYBI - Yearly Performance Comparison

	2026 (YTD)	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	-1.61%	-3.51%
HYBI NEOS Enhanced Income Credit Select ETF	0.31%	1.01%

Returns By Period

In the year-to-date period, GLDB achieves a -1.61% return, which is significantly lower than HYBI's 0.31% return.

GLDB

• 1D: 1.02%
• 1M: -7.02%
• YTD: -1.61%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYBI

• 1D: -0.00%
• 1M: -0.57%
• YTD: 0.31%
• 6M: 1.46%
• 1Y: 7.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDB vs. HYBI - Expense Ratio Comparison

GLDB has a 0.79% expense ratio, which is higher than HYBI's 0.68% expense ratio.

GLDB

Strategy Shares Gold-Hedged Bond ETF

HYBI

NEOS Enhanced Income Credit Select ETF

Return for Risk

GLDB vs. HYBI — Risk / Return Rank

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

HYBI

HYBI Risk / Return Rank: 81
HYBI Sharpe Ratio Rank: 72
HYBI Sortino Ratio Rank: 76
HYBI Omega Ratio Rank: 87
HYBI Calmar Ratio Rank: 82
HYBI Martin Ratio Rank: 89

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.

GLDB vs. HYBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GLDB) 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.

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

Sharpe Ratios by Period

	GLDB	HYBI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.26	0.88	-1.14

Correlation

The correlation between GLDB and HYBI is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GLDB vs. HYBI - Dividend Comparison

GLDB's dividend yield for the trailing twelve months is around 0.19%, less than HYBI's 8.37% yield.

	TTM	2025	2024
GLDB Strategy Shares Gold-Hedged Bond ETF	0.19%	0.19%	0.00%
HYBI NEOS Enhanced Income Credit Select ETF	8.37%	8.48%	2.21%

Drawdowns

GLDB vs. HYBI - Drawdown Comparison

The maximum GLDB drawdown since its inception was -27.36%, which is greater than HYBI's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for GLDB and HYBI.

Drawdown Indicators

	GLDB	HYBI	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-4.68%	-22.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.07%	—
Current Drawdown Current decline from peak	-21.70%	-0.96%	-20.74%
Average Drawdown Average peak-to-trough decline	-10.72%	-0.66%	-10.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.63%	—

Volatility

Volatility by Period

	GLDB	HYBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.50%	5.56%	+38.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.50%	5.10%	+39.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.50%	5.10%	+39.40%