Correlation
The correlation between HYBI and HYDB 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. HYDB
Compare and contrast key facts about NEOS Enhanced Income Credit Select ETF (HYBI) and iShares High Yield Bond Factor ETF (HYDB).
HYBI and HYDB 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. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBI or HYDB.
Performance
HYBI vs. HYDB - Performance Comparison
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Key characteristics
HYBI:
6.82%
HYDB:
6.09%
HYBI:
-4.68%
HYDB:
-21.58%
HYBI:
-0.88%
HYDB:
-0.21%
Returns By Period
In the year-to-date period, HYBI achieves a 0.95% return, which is significantly lower than HYDB's 2.08% return.
HYBI
0.95%
1.59%
-0.04%
N/A
N/A
N/A
N/A
HYDB
2.08%
1.87%
1.18%
8.17%
7.15%
6.49%
N/A
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HYBI vs. HYDB - Expense Ratio Comparison
HYBI has a 0.68% expense ratio, which is higher than HYDB's 0.35% expense ratio.
Risk-Adjusted Performance
HYBI vs. HYDB — Risk-Adjusted Performance Rank
HYBI
HYDB
HYBI vs. HYDB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and iShares High Yield Bond Factor ETF (HYDB). 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. HYDB - Dividend Comparison
HYBI's dividend yield for the trailing twelve months is around 5.29%, less than HYDB's 7.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
HYBI NEOS Enhanced Income Credit Select ETF | 5.29% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYDB iShares High Yield Bond Factor ETF | 7.00% | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% |
Drawdowns
HYBI vs. HYDB - Drawdown Comparison
The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum HYDB drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for HYBI and HYDB.
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Volatility
HYBI vs. HYDB - Volatility Comparison
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