Correlation
The correlation between HYBI and HYGH is 0.58, 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. HYGH
Compare and contrast key facts about NEOS Enhanced Income Credit Select ETF (HYBI) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
HYBI and HYGH 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. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBI or HYGH.
Performance
HYBI vs. HYGH - Performance Comparison
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Key characteristics
HYBI:
6.82%
HYGH:
7.73%
HYBI:
-4.68%
HYGH:
-23.88%
HYBI:
-0.88%
HYGH:
-0.52%
Returns By Period
In the year-to-date period, HYBI achieves a 0.95% return, which is significantly lower than HYGH's 1.69% return.
HYBI
0.95%
1.59%
-0.04%
N/A
N/A
N/A
N/A
HYGH
1.69%
2.07%
2.10%
7.86%
8.62%
7.80%
4.93%
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HYBI vs. HYGH - Expense Ratio Comparison
HYBI has a 0.68% expense ratio, which is higher than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
HYBI vs. HYGH — Risk-Adjusted Performance Rank
HYBI
HYGH
HYBI vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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. HYGH - Dividend Comparison
HYBI's dividend yield for the trailing twelve months is around 5.29%, less than HYGH's 7.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 7.45% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% |
Drawdowns
HYBI vs. HYGH - Drawdown Comparison
The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for HYBI and HYGH.
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Volatility
HYBI vs. HYGH - Volatility Comparison
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