Correlation
The correlation between HYBI and HIGH is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
HYBI vs. HIGH
Compare and contrast key facts about NEOS Enhanced Income Credit Select ETF (HYBI) and Simplify Enhanced Income ETF (HIGH).
HYBI and HIGH 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. HIGH is an actively managed fund by Simplify Asset Management Inc.. It was launched on Oct 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBI or HIGH.
Performance
HYBI vs. HIGH - Performance Comparison
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Key characteristics
HYBI:
6.82%
HIGH:
15.38%
HYBI:
-4.68%
HIGH:
-8.60%
HYBI:
-0.88%
HIGH:
-3.87%
Returns By Period
In the year-to-date period, HYBI achieves a 0.95% return, which is significantly lower than HIGH's 6.92% return.
HYBI
0.95%
1.59%
-0.04%
N/A
N/A
N/A
N/A
HIGH
6.92%
1.86%
4.97%
5.40%
N/A
N/A
N/A
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HYBI vs. HIGH - Expense Ratio Comparison
HYBI has a 0.68% expense ratio, which is higher than HIGH's 0.51% expense ratio.
Risk-Adjusted Performance
HYBI vs. HIGH — Risk-Adjusted Performance Rank
HYBI
HIGH
HYBI vs. HIGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and Simplify Enhanced Income ETF (HIGH). 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. HIGH - Dividend Comparison
HYBI's dividend yield for the trailing twelve months is around 5.29%, less than HIGH's 7.27% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HYBI NEOS Enhanced Income Credit Select ETF | 5.29% | 1.62% | 0.00% | 0.00% |
HIGH Simplify Enhanced Income ETF | 7.27% | 8.34% | 9.39% | 0.62% |
Drawdowns
HYBI vs. HIGH - Drawdown Comparison
The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum HIGH drawdown of -8.60%. Use the drawdown chart below to compare losses from any high point for HYBI and HIGH.
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Volatility
HYBI vs. HIGH - Volatility Comparison
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