Correlation
The correlation between HYBI and BNDI is 0.25, 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. BNDI
Compare and contrast key facts about NEOS Enhanced Income Credit Select ETF (HYBI) and Neos Enhanced Income Aggregate Bond ETF (BNDI).
HYBI and BNDI 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. BNDI is an actively managed fund by Neos. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBI or BNDI.
Performance
HYBI vs. BNDI - Performance Comparison
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Key characteristics
HYBI:
6.82%
BNDI:
5.54%
HYBI:
-4.68%
BNDI:
-6.98%
HYBI:
-0.88%
BNDI:
-1.23%
Returns By Period
In the year-to-date period, HYBI achieves a 0.95% return, which is significantly lower than BNDI's 2.30% return.
HYBI
0.95%
1.58%
-0.04%
N/A
N/A
N/A
N/A
BNDI
2.30%
-0.34%
0.57%
6.00%
N/A
N/A
N/A
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HYBI vs. BNDI - Expense Ratio Comparison
HYBI has a 0.68% expense ratio, which is higher than BNDI's 0.58% expense ratio.
Risk-Adjusted Performance
HYBI vs. BNDI — Risk-Adjusted Performance Rank
HYBI
BNDI
HYBI vs. BNDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and Neos Enhanced Income Aggregate Bond ETF (BNDI). 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. BNDI - Dividend Comparison
HYBI's dividend yield for the trailing twelve months is around 5.29%, less than BNDI's 5.74% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HYBI NEOS Enhanced Income Credit Select ETF | 5.29% | 1.62% | 0.00% | 0.00% |
BNDI Neos Enhanced Income Aggregate Bond ETF | 5.74% | 5.54% | 5.18% | 1.68% |
Drawdowns
HYBI vs. BNDI - Drawdown Comparison
The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum BNDI drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for HYBI and BNDI.
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Volatility
HYBI vs. BNDI - Volatility Comparison
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