Correlation
The correlation between HYBI and HNDL 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. HNDL
Compare and contrast key facts about NEOS Enhanced Income Credit Select ETF (HYBI) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL).
HYBI and HNDL 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. HNDL is a passively managed fund by Rational Capital LLC that tracks the performance of the NASDAQ 7 HANDL™ Index. It was launched on Jan 17, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBI or HNDL.
Performance
HYBI vs. HNDL - Performance Comparison
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Key characteristics
HYBI:
6.84%
HNDL:
13.08%
HYBI:
-4.68%
HNDL:
-23.72%
HYBI:
-0.98%
HNDL:
-2.79%
Returns By Period
In the year-to-date period, HYBI achieves a 0.85% return, which is significantly lower than HNDL's 1.49% return.
HYBI
0.85%
1.24%
0.15%
N/A
N/A
N/A
N/A
HNDL
1.49%
1.74%
-2.18%
10.01%
4.86%
4.62%
N/A
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HYBI vs. HNDL - Expense Ratio Comparison
HYBI has a 0.68% expense ratio, which is lower than HNDL's 0.97% expense ratio.
Risk-Adjusted Performance
HYBI vs. HNDL — Risk-Adjusted Performance Rank
HYBI
HNDL
HYBI vs. HNDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL). 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. HNDL - Dividend Comparison
HYBI's dividend yield for the trailing twelve months is around 5.29%, less than HNDL's 7.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
HYBI NEOS Enhanced Income Credit Select ETF | 5.29% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 7.14% | 7.02% | 6.78% | 7.87% | 6.86% | 6.69% | 6.39% | 6.91% |
Drawdowns
HYBI vs. HNDL - Drawdown Comparison
The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum HNDL drawdown of -23.72%. Use the drawdown chart below to compare losses from any high point for HYBI and HNDL.
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Volatility
HYBI vs. HNDL - Volatility Comparison
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