HYBI vs. GLDB

Last updated Jun 4, 2026

HYBI (NEOS Enhanced Income Credit Select ETF) and GLDB (Strategy Shares Gold-Hedged Bond ETF) are both Nontraditional Bonds funds. HYBI is actively managed, while GLDB is passively managed. At a 0.44 correlation, their price movements are largely independent. HYBI charges 0.68%/yr vs 0.79%/yr for GLDB.

Performance

HYBI vs. GLDB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Enhanced Income Credit Select ETF (HYBI) and Strategy Shares Gold-Hedged Bond ETF (GLDB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYBI achieves a 1.56% return, which is significantly higher than GLDB's -7.90% return.

HYBI

• 1D: -0.24%
• 1M: 0.27%
• YTD: 1.56%
• 6M: 2.01%
• 1Y: 7.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDB

• 1D: -2.17%
• 1M: -7.55%
• YTD: -7.90%
• 6M: -6.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYBI vs. GLDB - Yearly Performance Comparison

	2026 (YTD)	2025
HYBI NEOS Enhanced Income Credit Select ETF	1.56%	1.01%
GLDB Strategy Shares Gold-Hedged Bond ETF	-7.90%	-3.51%

Correlation

The correlation between HYBI and GLDB is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.44

Return for Risk

HYBI vs. GLDB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYBI

HYBI Risk / Return Rank: 78
HYBI Sharpe Ratio Rank: 69
HYBI Sortino Ratio Rank: 77
HYBI Omega Ratio Rank: 74
HYBI Calmar Ratio Rank: 88
HYBI Martin Ratio Rank: 83

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. GLDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and Strategy Shares Gold-Hedged Bond ETF (GLDB). 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	GLDB	Difference
Sharpe ratio Return per unit of total volatility	2.29	—	—
Sortino ratio Return per unit of downside risk	3.51	—	—
Omega ratio Gain probability vs. loss probability	1.45	—	—
Calmar ratio Return relative to maximum drawdown	5.17	—	—
Martin ratio Return relative to average drawdown	16.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HYBI	GLDB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	-0.45	+1.42

Drawdowns

HYBI vs. GLDB - Drawdown Comparison

The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum GLDB drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for HYBI and GLDB.

Drawdown Indicators

	HYBI	GLDB	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-27.36%	+22.68%
Max Drawdown (1Y) Largest decline over 1 year	-1.43%	—	—
Current Drawdown Current decline from peak	-0.24%	-26.71%	+26.47%
Average Drawdown Average peak-to-trough decline	-0.62%	-13.44%	+12.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	—	—

Volatility

Volatility by Period

	HYBI	GLDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.23%	39.96%	-36.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	39.96%	-35.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	39.96%	-35.02%

HYBI vs. GLDB - Expense Ratio Comparison

HYBI has a 0.68% expense ratio, which is lower than GLDB's 0.79% expense ratio.

Dividends

HYBI vs. GLDB - Dividend Comparison

HYBI's dividend yield for the trailing twelve months is around 8.37%, more than GLDB's 0.21% yield.

Position	TTM	2025	2024
GLDB Strategy Shares Gold-Hedged Bond ETF	0.21%	0.19%	0.00%
HYBI NEOS Enhanced Income Credit Select ETF	8.37%	8.48%	2.21%

Frequently Asked Questions

Can I hold both HYBI and GLDB in my portfolio?

HYBI and GLDB have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYBI or GLDB?

On fees, HYBI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYBI or GLDB?

HYBI is cheaper with a 0.68% expense ratio, compared with 0.79% for GLDB.

Which ETF pays a higher dividend yield, HYBI or GLDB?

HYBI has the higher dividend yield at 8.37%, compared with 0.21% for GLDB.

What is the main difference between HYBI and GLDB?

They also come from different issuers: Neos and Strategy Shares. Their fees differ too: 0.68% for HYBI and 0.79% for GLDB.