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 6.12% vs -24.43% for FSCO. At a 0.22 correlation, their price movements are largely independent.
Performance
HYBI vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, HYBI achieves a 1.63% return, which is significantly higher than FSCO's -19.42% return.
HYBI
- 1D
- -0.08%
- 1M
- 0.31%
- YTD
- 1.63%
- 6M
- 1.65%
- 1Y
- 6.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSCO
- 1D
- -0.42%
- 1M
- -5.18%
- YTD
- -19.42%
- 6M
- -16.23%
- 1Y
- -24.43%
- 3Y*
- 13.96%
- 5Y*
- —
- 10Y*
- —
HYBI vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYBI NEOS Enhanced Income Credit Select ETF | 1.63% | 6.97% | -0.53% |
FSCO FS Credit Opportunities Corp. | -19.42% | 3.68% | 9.49% |
Correlation
The correlation between HYBI and FSCO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024 | 0.22 |
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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 | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +3.93 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.85 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | -0.69 | +4.99 |
| Martin ratioReturn relative to average drawdown | 13.79 | -1.34 | +15.14 |
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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 | -0.33% | -29.65% | +29.32% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -8.18% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 18.22% | -17.78% |
Volatility
HYBI vs. FSCO - Volatility Comparison
The current volatility for NEOS Enhanced Income Credit Select ETF (HYBI) is 1.28%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 5.88%. 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 | 1.28% | 5.88% | -4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 22.61% | -20.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 27.44% | -24.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.94% | 28.15% | -23.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 28.15% | -23.21% |
Dividends
HYBI vs. FSCO - Dividend Comparison
HYBI's dividend yield for the trailing twelve months is around 9.09%, less than FSCO's 16.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 16.36% | 12.65% | 10.47% | 11.26% | 1.95% |
HYBI NEOS Enhanced Income Credit Select ETF | 9.09% | 8.48% | 2.21% | 0.00% | 0.00% |
Frequently Asked Questions
HYBI and FSCO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (5.88%) compared to HYBI (1.28%). In terms of maximum drawdown, HYBI dropped -4.68% vs FSCO's -35.53%.
HYBI currently has the higher Sharpe Ratio (1.84 vs -0.89), 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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