HYBI vs. HYKE

Last updated Apr 3, 2026

Compare and contrast key facts about NEOS Enhanced Income Credit Select ETF (HYBI) and Vest 2 Year Interest Rate Hedge ETF (HYKE).

HYBI and HYKE 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. HYKE is an actively managed fund by Cboe Vest. It was launched on Jan 10, 2024.

Performance

HYBI vs. HYKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Enhanced Income Credit Select ETF (HYBI) and Vest 2 Year Interest Rate Hedge ETF (HYKE). The values are adjusted to include any dividend payments, if applicable.

HYBI vs. HYKE - Yearly Performance Comparison

	2026 (YTD)
HYBI NEOS Enhanced Income Credit Select ETF	0.43%
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%

Returns By Period

HYBI

• 1D: 0.08%
• 1M: -0.29%
• YTD: 0.39%
• 6M: 1.52%
• 1Y: 7.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYKE

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYBI vs. HYKE - Expense Ratio Comparison

HYBI has a 0.68% expense ratio, which is lower than HYKE's 0.85% expense ratio.

HYKE

Vest 2 Year Interest Rate Hedge ETF

HYBI

NEOS Enhanced Income Credit Select ETF

Return for Risk

HYBI vs. HYKE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYBI

HYBI Risk / Return Rank: 78
HYBI Sharpe Ratio Rank: 69
HYBI Sortino Ratio Rank: 74
HYBI Omega Ratio Rank: 85
HYBI Calmar Ratio Rank: 77
HYBI Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYBI vs. HYKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and Vest 2 Year Interest Rate Hedge ETF (HYKE). 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.

	HYBI	HYKE	Difference
Sharpe ratio Return per unit of total volatility	1.31	—	—
Sortino ratio Return per unit of downside risk	1.97	—	—
Omega ratio Gain probability vs. loss probability	1.36	—	—
Calmar ratio Return relative to maximum drawdown	2.43	—	—
Martin ratio Return relative to average drawdown	11.72	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HYBI	HYKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	—	—

Dividends

HYBI vs. HYKE - Dividend Comparison

HYBI's dividend yield for the trailing twelve months is around 8.36%, while HYKE has not paid dividends to shareholders.

	TTM	2025	2024
HYBI NEOS Enhanced Income Credit Select ETF	8.36%	8.48%	2.21%
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%	0.00%	0.00%

Drawdowns

HYBI vs. HYKE - Drawdown Comparison

The maximum HYBI drawdown since its inception was -4.68%, which is greater than HYKE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HYBI and HYKE.

Drawdown Indicators

	HYBI	HYKE	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	0.00%	-4.68%
Max Drawdown (1Y) Largest decline over 1 year	-2.35%	—	—
Current Drawdown Current decline from peak	-0.88%	0.00%	-0.88%
Average Drawdown Average peak-to-trough decline	-0.66%	0.00%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	—	—

Volatility

Volatility by Period

	HYBI	HYKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.55%	0.00%	+5.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.10%	0.00%	+5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.10%	0.00%	+5.10%