HYBI vs. IAUI

Last updated Jun 24, 2026

HYBI (NEOS Enhanced Income Credit Select ETF) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - HYBI is a Nontraditional Bonds fund actively managed by Neos, while IAUI is a Derivative Income fund actively managed by Neos. Both are actively managed. Over the past year, HYBI returned 6.54% vs 12.83% for IAUI. At a 0.25 correlation, their price movements are largely independent. HYBI charges 0.68%/yr vs 0.78%/yr for IAUI.

Performance

HYBI vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Enhanced Income Credit Select ETF (HYBI) and NEOS Gold High Income ETF (IAUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYBI achieves a 1.71% return, which is significantly higher than IAUI's -5.63% return.

HYBI

• 1D: -0.08%
• 1M: 0.38%
• YTD: 1.71%
• 6M: 1.90%
• 1Y: 6.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUI

• 1D: -2.15%
• 1M: -8.06%
• YTD: -5.63%
• 6M: -8.22%
• 1Y: 12.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYBI vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
HYBI NEOS Enhanced Income Credit Select ETF	1.71%	5.50%
IAUI NEOS Gold High Income ETF	-5.63%	20.00%

Correlation

The correlation between HYBI and IAUI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.25

Return for Risk

HYBI vs. IAUI — Risk / Return Rank

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

HYBI

HYBI Risk / Return Rank: 73
HYBI Sharpe Ratio Rank: 63
HYBI Sortino Ratio Rank: 70
HYBI Omega Ratio Rank: 68
HYBI Calmar Ratio Rank: 86
HYBI Martin Ratio Rank: 80

IAUI

IAUI Risk / Return Rank: 18
IAUI Sharpe Ratio Rank: 19
IAUI Sortino Ratio Rank: 17
IAUI Omega Ratio Rank: 20
IAUI Calmar Ratio Rank: 16
IAUI Martin Ratio Rank: 18

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. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and NEOS Gold High Income ETF (IAUI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HYBI	IAUI	Difference
Sharpe ratio: Return per unit of total volatility	1.96	0.60	+1.36
Sortino ratio: Return per unit of downside risk	2.99	0.91	+2.07
Omega ratio: Gain probability vs. loss probability	1.38	1.13	+0.25
Calmar ratio: Return relative to maximum drawdown	4.60	0.63	+3.97
Martin ratio: Return relative to average drawdown	14.75	1.87	+12.88

HYBI vs. IAUI - Sharpe Ratio Comparison

The current HYBI Sharpe Ratio is 1.96, which is higher than the IAUI Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of HYBI and IAUI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HYBI vs. IAUI - Drawdown Comparison

The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum IAUI drawdown of -20.43%. Use the drawdown chart below to compare losses from any high point for HYBI and IAUI.

Drawdown Indicators

	HYBI	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-20.43%	+15.75%
Max Drawdown (1Y) Largest decline over 1 year	-1.43%	-20.43%	+19.00%
Current Drawdown Current decline from peak	-0.26%	-19.97%	+19.71%
Average Drawdown Average peak-to-trough decline	-0.61%	-4.13%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	6.86%	-6.42%

Volatility

HYBI vs. IAUI - Volatility Comparison

The current volatility for NEOS Enhanced Income Credit Select ETF (HYBI) is 1.28%, while NEOS Gold High Income ETF (IAUI) has a volatility of 7.78%. This indicates that HYBI experiences smaller price fluctuations and is considered to be less risky than IAUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYBI	IAUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	7.78%	-6.50%
Volatility (6M) Calculated over the trailing 6-month period	2.35%	19.82%	-17.47%
Volatility (1Y) Calculated over the trailing 1-year period	3.37%	21.42%	-18.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	21.06%	-16.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	21.06%	-16.12%

HYBI vs. IAUI - Expense Ratio Comparison

HYBI has a 0.68% expense ratio, which is lower than IAUI's 0.78% expense ratio.

Dividends

HYBI vs. IAUI - Dividend Comparison

HYBI's dividend yield for the trailing twelve months is around 9.09%, less than IAUI's 14.80% yield.

Position	TTM	2025	2024
HYBI NEOS Enhanced Income Credit Select ETF	9.09%	8.48%	2.21%
IAUI NEOS Gold High Income ETF	14.80%	6.88%	0.00%

Frequently Asked Questions

Can I hold both HYBI and IAUI in my portfolio?

HYBI and IAUI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYBI or IAUI?

IAUI has higher volatility (7.78%) compared to HYBI (1.28%). In terms of maximum drawdown, HYBI dropped -4.68% vs IAUI's -20.43%.

Which ETF is better, HYBI or IAUI?

On 1-year performance, IAUI leads with 12.83% vs 6.54% for HYBI. On fees, HYBI is cheaper at 0.68% per year. On volatility, HYBI has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYBI or IAUI?

Over the 1-year period, IAUI has performed better with a 12.83% return vs 6.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYBI or IAUI?

HYBI is cheaper with a 0.68% expense ratio, compared with 0.78% for IAUI.

Which ETF pays a higher dividend yield, HYBI or IAUI?

IAUI has the higher dividend yield at 14.80%, compared with 9.09% for HYBI.

What is the main difference between HYBI and IAUI?

HYBI is categorized as Nontraditional Bonds, while IAUI is Derivative Income. Their fees differ too: 0.68% for HYBI and 0.78% for IAUI.

Which has better risk-adjusted returns?

HYBI currently has the higher Sharpe Ratio (1.96 vs 0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.