HYBI vs. ILS

Last updated Jun 4, 2026

HYBI (NEOS Enhanced Income Credit Select ETF) and ILS (Brookmont Catastrophic Bond ETF) are both Nontraditional Bonds funds. Both are actively managed. Over the past year, HYBI returned 7.35% vs 7.67% for ILS. At a 0.02 correlation, their price movements are largely independent. HYBI charges 0.68%/yr vs 1.58%/yr for ILS.

Performance

HYBI vs. ILS - Performance Comparison

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

Returns By Period

In the year-to-date period, HYBI achieves a 1.56% return, which is significantly lower than ILS's 1.81% return.

HYBI

• 1D: -0.24%
• 1M: 0.27%
• YTD: 1.56%
• 6M: 2.01%
• 1Y: 7.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ILS

• 1D: 0.05%
• 1M: 0.45%
• YTD: 1.81%
• 6M: 2.12%
• 1Y: 7.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYBI vs. ILS - Yearly Performance Comparison

	2026 (YTD)	2025
HYBI NEOS Enhanced Income Credit Select ETF	1.56%	7.04%
ILS Brookmont Catastrophic Bond ETF	1.81%	5.60%

Correlation

The correlation between HYBI and ILS is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025	0.02

Return for Risk

HYBI vs. ILS — 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: 77
HYBI Omega Ratio Rank: 74
HYBI Calmar Ratio Rank: 88
HYBI Martin Ratio Rank: 83

ILS

ILS Risk / Return Rank: 93
ILS Sharpe Ratio Rank: 84
ILS Sortino Ratio Rank: 92
ILS Omega Ratio Rank: 92
ILS Calmar Ratio Rank: 98
ILS Martin Ratio Rank: 97

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. ILS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and Brookmont Catastrophic Bond ETF (ILS). 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	ILS	Difference
Sharpe ratio Return per unit of total volatility	2.29	2.79	-0.49
Sortino ratio Return per unit of downside risk	3.51	4.56	-1.05
Omega ratio Gain probability vs. loss probability	1.45	1.62	-0.17
Calmar ratio Return relative to maximum drawdown	5.17	13.93	-8.76
Martin ratio Return relative to average drawdown	16.91	46.57	-29.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYBI vs. ILS - Sharpe Ratio Comparison

The current HYBI Sharpe Ratio is 2.29, which is comparable to the ILS Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of HYBI and ILS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYBI	ILS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.79	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	1.90	-0.92

Drawdowns

HYBI vs. ILS - Drawdown Comparison

The maximum HYBI drawdown since its inception was -4.68%, which is greater than ILS's maximum drawdown of -1.56%. Use the drawdown chart below to compare losses from any high point for HYBI and ILS.

Drawdown Indicators

	HYBI	ILS	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-1.56%	-3.12%
Max Drawdown (1Y) Largest decline over 1 year	-1.43%	-0.55%	-0.88%
Current Drawdown Current decline from peak	-0.24%	0.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-0.62%	-0.25%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.17%	+0.27%

Volatility

HYBI vs. ILS - Volatility Comparison

NEOS Enhanced Income Credit Select ETF (HYBI) has a higher volatility of 0.98% compared to Brookmont Catastrophic Bond ETF (ILS) at 0.88%. This indicates that HYBI's price experiences larger fluctuations and is considered to be riskier than ILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYBI	ILS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	0.88%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.13%	1.69%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	3.23%	2.77%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	3.38%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	3.38%	+1.56%

HYBI vs. ILS - Expense Ratio Comparison

HYBI has a 0.68% expense ratio, which is lower than ILS's 1.58% expense ratio.

Dividends

HYBI vs. ILS - Dividend Comparison

HYBI's dividend yield for the trailing twelve months is around 8.37%, more than ILS's 8.09% yield.

Position	TTM	2025	2024
HYBI NEOS Enhanced Income Credit Select ETF	8.37%	8.48%	2.21%
ILS Brookmont Catastrophic Bond ETF	8.09%	6.06%	0.00%

Frequently Asked Questions

Can I hold both HYBI and ILS in my portfolio?

HYBI and ILS have a correlation of 0.05, 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 ILS?

HYBI has higher volatility (0.98%) compared to ILS (0.88%). In terms of maximum drawdown, HYBI dropped -4.68% vs ILS's -1.56%.

Which ETF is better, HYBI or ILS?

On 1-year performance, ILS leads with 7.67% vs 7.35% for HYBI. On fees, HYBI is cheaper at 0.68% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYBI or ILS?

Over the 1-year period, ILS has performed better with a 7.67% return vs 7.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYBI or ILS?

HYBI is cheaper with a 0.68% expense ratio, compared with 1.58% for ILS.

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

HYBI has the higher dividend yield at 8.37%, compared with 8.09% for ILS.

What is the main difference between HYBI and ILS?

They also come from different issuers: Neos and Brookmont. Their fees differ too: 0.68% for HYBI and 1.58% for ILS.

Which has better risk-adjusted returns?

ILS currently has the higher Sharpe Ratio (2.79 vs 2.29), 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.