Correlation
The correlation between HYBI and AGGH is 0.09, 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.
HYBI vs. AGGH
Compare and contrast key facts about NEOS Enhanced Income Credit Select ETF (HYBI) and Simplify Aggregate Bond ETF (AGGH).
HYBI and AGGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYBI is an actively managed fund by Neos. It was launched on Sep 27, 2024. AGGH is an actively managed fund by Simplify. It was launched on Feb 14, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBI or AGGH.
Performance
HYBI vs. AGGH - Performance Comparison
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Key characteristics
HYBI:
6.82%
AGGH:
9.77%
HYBI:
-4.68%
AGGH:
-13.26%
HYBI:
-0.88%
AGGH:
-4.93%
Returns By Period
In the year-to-date period, HYBI achieves a 0.95% return, which is significantly higher than AGGH's -0.04% return.
HYBI
0.95%
1.59%
-0.04%
N/A
N/A
N/A
N/A
AGGH
-0.04%
-1.80%
-0.66%
4.21%
1.79%
N/A
N/A
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HYBI vs. AGGH - Expense Ratio Comparison
HYBI has a 0.68% expense ratio, which is higher than AGGH's 0.33% expense ratio.
Risk-Adjusted Performance
HYBI vs. AGGH — Risk-Adjusted Performance Rank
HYBI
AGGH
HYBI vs. AGGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and Simplify Aggregate Bond ETF (AGGH). 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.
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Dividends
HYBI vs. AGGH - Dividend Comparison
HYBI's dividend yield for the trailing twelve months is around 5.29%, less than AGGH's 8.11% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HYBI NEOS Enhanced Income Credit Select ETF | 5.29% | 1.62% | 0.00% | 0.00% |
AGGH Simplify Aggregate Bond ETF | 8.11% | 8.97% | 9.51% | 2.11% |
Drawdowns
HYBI vs. AGGH - Drawdown Comparison
The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum AGGH drawdown of -13.26%. Use the drawdown chart below to compare losses from any high point for HYBI and AGGH.
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Volatility
HYBI vs. AGGH - Volatility Comparison
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