HYBI vs. GLDB
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. Their 0.46 correlation means their historical movements had little consistent relationship. HYBI charges 0.68%/yr vs 0.79%/yr for GLDB.
Performance
HYBI vs. GLDB - Performance Comparison
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Returns By Period
In the year-to-date period, HYBI achieves a 2.12% return, which is significantly higher than GLDB's -19.44% return.
HYBI
- 1D
- 0.12%
- 1M
- -0.02%
- 6M
- 1.29%
- YTD
- 2.12%
- 1Y
- 5.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.62%
GLDB
- 1D
- 0.51%
- 1M
- -0.84%
- 6M
- -19.59%
- YTD
- -19.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $490.82K | $360.41K | $396.53K | |
| $1.44M | $1.37M | $1.62M |
HYBI vs. GLDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HYBI NEOS Enhanced Income Credit Select ETF | 2.12% | 1.27% |
GLDB Strategy Shares Gold-Hedged Bond ETF | -19.44% | -3.56% |
Correlation
The correlation between HYBI and GLDB is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025 | 0.46 |
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Return for Risk
HYBI vs. GLDB — Risk / Return Rank
HYBI
GLDB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | GLDB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | — | — |
| Martin ratioReturn relative to average drawdown | 13.00 | — | — |
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Drawdowns
HYBI vs. GLDB - Drawdown Comparison
The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum GLDB drawdown of -38.30%. Use the drawdown chart below to compare losses from any high point for HYBI and GLDB.
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Drawdown Indicators
| HYBI | GLDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.68% | -38.30% | +33.62% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -35.89% | +35.67% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -17.83% | +17.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | — | — |
Volatility
HYBI vs. GLDB - Volatility Comparison
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Volatility by Period
| HYBI | GLDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 38.95% | -35.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 38.95% | -34.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 38.95% | -34.11% |
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 8.30%, more than GLDB's 0.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDB Strategy Shares Gold-Hedged Bond ETF | 0.24% | 0.19% | 0.00% |
HYBI NEOS Enhanced Income Credit Select ETF | 8.30% | 8.48% | 2.21% |
Frequently Asked Questions
HYBI and GLDB have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
HYBI is cheaper with a 0.68% expense ratio, compared with 0.79% for GLDB.
HYBI has the higher dividend yield at 8.30%, compared with 0.24% for GLDB.
They also come from different issuers: Neos and Strategy Shares. Their fees differ too: 0.68% for HYBI and 0.79% for GLDB.
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