GUG vs. HYBI
GUG (Guggenheim Active Allocation Fund) and HYBI (NEOS Enhanced Income Credit Select ETF) are both funds - GUG is a Tactical Allocation fund actively managed by Guggenheim, while HYBI is a Nontraditional Bonds fund actively managed by Neos. Both are actively managed. Over the past year, GUG returned 14.22% vs 7.29% for HYBI. At a 0.38 correlation, their price movements are largely independent. GUG charges 3.86%/yr vs 0.68%/yr for HYBI.
Performance
GUG vs. HYBI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GUG achieves a 7.35% return, which is significantly higher than HYBI's 1.70% return.
GUG
- 1D
- 0.19%
- 1M
- 0.82%
- YTD
- 7.35%
- 6M
- 7.00%
- 1Y
- 14.22%
- 3Y*
- 15.06%
- 5Y*
- —
- 10Y*
- —
HYBI
- 1D
- 0.13%
- 1M
- 0.27%
- YTD
- 1.70%
- 6M
- 2.21%
- 1Y
- 7.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUG vs. HYBI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GUG Guggenheim Active Allocation Fund | 7.35% | 13.12% | -8.11% |
HYBI NEOS Enhanced Income Credit Select ETF | 1.70% | 6.97% | -0.48% |
Correlation
The correlation between GUG and HYBI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024 | 0.38 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GUG vs. HYBI — Risk / Return Rank
GUG
HYBI
GUG vs. HYBI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Active Allocation Fund (GUG) 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.
| GUG | HYBI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.44 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 5.13 | -3.30 |
| Martin ratioReturn relative to average drawdown | 5.40 | 16.80 | -11.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GUG | HYBI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 2.28 | -1.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.99 | -0.76 |
Drawdowns
GUG vs. HYBI - Drawdown Comparison
The maximum GUG drawdown since its inception was -32.78%, which is greater than HYBI's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for GUG and HYBI.
Loading charts...
Drawdown Indicators
| GUG | HYBI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -4.68% | -28.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -1.43% | -6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.10% | — | — |
Current DrawdownCurrent decline from peak | -2.82% | -0.11% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -11.61% | -0.62% | -10.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 0.44% | +2.20% |
Volatility
GUG vs. HYBI - Volatility Comparison
Guggenheim Active Allocation Fund (GUG) has a higher volatility of 3.26% compared to NEOS Enhanced Income Credit Select ETF (HYBI) at 0.98%. This indicates that GUG'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.
Loading charts...
Volatility by Period
| GUG | HYBI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 0.98% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 2.13% | +5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.30% | 3.22% | +8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 4.93% | +12.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 4.93% | +12.58% |
GUG vs. HYBI - Expense Ratio Comparison
GUG has a 3.86% expense ratio, which is higher than HYBI's 0.68% expense ratio.
Dividends
GUG vs. HYBI - Dividend Comparison
GUG's dividend yield for the trailing twelve months is around 8.99%, more than HYBI's 8.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GUG Guggenheim Active Allocation Fund | 8.99% | 9.30% | 9.58% | 9.72% | 9.71% |
HYBI NEOS Enhanced Income Credit Select ETF | 8.36% | 8.48% | 2.21% | 0.00% | 0.00% |
Frequently Asked Questions
GUG and HYBI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUG has higher volatility (3.26%) compared to HYBI (0.98%). In terms of maximum drawdown, GUG dropped -32.78% vs HYBI's -4.68%.
HYBI currently has the higher Sharpe Ratio (2.28 vs 1.27), 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.
Find the right allocation for GUG and HYBI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer