HYBI vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about NEOS Enhanced Income Credit Select ETF (HYBI) and S&P 500 Index (^GSPC).

HYBI is an actively managed fund by Neos. It was launched on Sep 27, 2024.

Performance

HYBI vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Enhanced Income Credit Select ETF (HYBI) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

HYBI vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HYBI NEOS Enhanced Income Credit Select ETF	0.31%	6.97%	-0.48%
^GSPC S&P 500 Index	-3.95%	16.39%	2.07%

Returns By Period

In the year-to-date period, HYBI achieves a 0.31% return, which is significantly higher than ^GSPC's -3.95% return.

HYBI

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

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

HYBI vs. ^GSPC — 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

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

HYBI vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and S&P 500 Index (^GSPC). 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.

	HYBI	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.33	0.92	+0.41
Sortino ratio Return per unit of downside risk	2.01	1.41	+0.59
Omega ratio Gain probability vs. loss probability	1.36	1.21	+0.15
Calmar ratio Return relative to maximum drawdown	2.49	1.41	+1.07
Martin ratio Return relative to average drawdown	12.04	6.61	+5.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYBI vs. ^GSPC - Sharpe Ratio Comparison

The current HYBI Sharpe Ratio is 1.33, which is higher than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of HYBI and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HYBI	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	0.92	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.46	+0.42

Correlation

The correlation between HYBI and ^GSPC is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

HYBI vs. ^GSPC - Drawdown Comparison

The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for HYBI and ^GSPC.

Drawdown Indicators

	HYBI	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-56.78%	+52.10%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-12.14%	+9.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-0.96%	-5.78%	+4.82%
Average Drawdown Average peak-to-trough decline	-0.66%	-10.75%	+10.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	2.60%	-1.97%

Volatility

HYBI vs. ^GSPC - Volatility Comparison

The current volatility for NEOS Enhanced Income Credit Select ETF (HYBI) is 1.14%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that HYBI experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYBI	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	5.37%	-4.23%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	9.55%	-7.11%
Volatility (1Y) Calculated over the trailing 1-year period	5.56%	18.33%	-12.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.10%	16.90%	-11.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.10%	18.05%	-12.95%