HYBI vs. FSCO
HYBI (NEOS Enhanced Income Credit Select ETF) is Nontraditional Bonds fund actively managed by Neos, while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past year, HYBI returned 5.80% vs -25.41% for FSCO. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
HYBI vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, HYBI achieves a 2.47% return, which is significantly higher than FSCO's -14.67% return.
HYBI
- 1D
- 0.34%
- 1M
- 0.32%
- 6M
- 1.81%
- YTD
- 2.47%
- 1Y
- 5.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.81%
FSCO
- 1D
- -0.60%
- 1M
- 1.40%
- 6M
- -10.45%
- YTD
- -14.67%
- 1Y
- -25.41%
- 3Y*
- 11.44%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.36M | $4.47M | $5.08M | |
| $1.49M | $1.36M | $1.62M |
HYBI vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYBI NEOS Enhanced Income Credit Select ETF | 2.47% | 6.97% | -0.53% |
FSCO FS Credit Opportunities Corp. | -14.67% | 3.68% | 9.49% |
Correlation
The correlation between HYBI and FSCO is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024 | 0.21 |
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Return for Risk
HYBI vs. FSCO — Risk / Return Rank
HYBI
FSCO
HYBI vs. FSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and FS Credit Opportunities Corp. (FSCO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYBI | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.66 | ||
| Sortino ratioReturn per unit of downside risk | +3.81 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.84 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | -0.72 | +4.80 |
| Martin ratioReturn relative to average drawdown | 12.73 | -1.25 | +13.98 |
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Drawdowns
HYBI vs. FSCO - Drawdown Comparison
The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum FSCO drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for HYBI and FSCO.
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Drawdown Indicators
| HYBI | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.68% | -35.53% | +30.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -35.53% | +34.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.53% | — |
Current DrawdownCurrent decline from peak | 0.00% | -25.50% | +25.50% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -8.74% | +8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 20.31% | -19.85% |
Volatility
HYBI vs. FSCO - Volatility Comparison
The current volatility for NEOS Enhanced Income Credit Select ETF (HYBI) is 0.93%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 3.70%. This indicates that HYBI experiences smaller price fluctuations and is considered to be less risky than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYBI | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 3.70% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 22.44% | -20.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 27.60% | -24.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 27.84% | -23.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 27.84% | -23.00% |
Dividends
HYBI vs. FSCO - Dividend Comparison
HYBI's dividend yield for the trailing twelve months is around 8.27%, less than FSCO's 15.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 15.45% | 12.65% | 10.47% | 11.26% | 1.95% |
HYBI NEOS Enhanced Income Credit Select ETF | 8.27% | 8.48% | 2.21% | 0.00% | 0.00% |
Frequently Asked Questions
HYBI and FSCO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (3.70%) compared to HYBI (0.93%). In terms of maximum drawdown, HYBI dropped -4.68% vs FSCO's -35.53%.
HYBI currently has the higher Sharpe Ratio (1.73 vs -0.93), 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.
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