HYBI vs. IYRI

Last updated Apr 2, 2026

Compare and contrast key facts about NEOS Enhanced Income Credit Select ETF (HYBI) and NEOS Real Estate High Income ETF (IYRI).

HYBI and IYRI 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. IYRI is a passively managed fund by Neos that tracks the performance of the Dow Jones U.S. Real Estate Capped Index. It was launched on Jan 14, 2025.

Performance

HYBI vs. IYRI - Performance Comparison

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

HYBI vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
HYBI NEOS Enhanced Income Credit Select ETF	0.31%	6.44%
IYRI NEOS Real Estate High Income ETF	0.57%	7.95%

Returns By Period

In the year-to-date period, HYBI achieves a 0.31% return, which is significantly lower than IYRI's 0.57% return.

HYBI

• 1D: -0.00%
• 1M: -0.57%
• YTD: 0.31%
• 6M: 1.46%
• 1Y: 7.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYRI

• 1D: 0.59%
• 1M: -5.18%
• YTD: 0.57%
• 6M: -0.47%
• 1Y: 4.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYBI vs. IYRI - Expense Ratio Comparison

Both HYBI and IYRI have an expense ratio of 0.68%.

HYBI

NEOS Enhanced Income Credit Select ETF

IYRI

NEOS Real Estate High Income ETF

Return for Risk

HYBI vs. IYRI — Risk / Return Rank

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

HYBI

HYBI Risk / Return Rank: 81
HYBI Sharpe Ratio Rank: 72
HYBI Sortino Ratio Rank: 76
HYBI Omega Ratio Rank: 87
HYBI Calmar Ratio Rank: 82
HYBI Martin Ratio Rank: 89

IYRI

IYRI Risk / Return Rank: 21
IYRI Sharpe Ratio Rank: 20
IYRI Sortino Ratio Rank: 19
IYRI Omega Ratio Rank: 19
IYRI Calmar Ratio Rank: 21
IYRI Martin Ratio Rank: 24

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. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and NEOS Real Estate High Income ETF (IYRI). 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	IYRI	Difference
Sharpe ratio Return per unit of total volatility	1.33	0.31	+1.02
Sortino ratio Return per unit of downside risk	2.01	0.52	+1.48
Omega ratio Gain probability vs. loss probability	1.36	1.07	+0.29
Calmar ratio Return relative to maximum drawdown	2.49	0.42	+2.07
Martin ratio Return relative to average drawdown	12.04	1.85	+10.20
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. IYRI - Sharpe Ratio Comparison

The current HYBI Sharpe Ratio is 1.33, which is higher than the IYRI Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of HYBI and IYRI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HYBI	IYRI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	0.31	+1.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.53	+0.36

Correlation

The correlation between HYBI and IYRI is 0.55, 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.

Dividends

HYBI vs. IYRI - Dividend Comparison

HYBI's dividend yield for the trailing twelve months is around 8.37%, less than IYRI's 11.60% yield.

	TTM	2025	2024
HYBI NEOS Enhanced Income Credit Select ETF	8.37%	8.48%	2.21%
IYRI NEOS Real Estate High Income ETF	11.60%	11.72%	0.00%

Drawdowns

HYBI vs. IYRI - Drawdown Comparison

The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum IYRI drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for HYBI and IYRI.

Drawdown Indicators

	HYBI	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-12.12%	+7.44%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-11.31%	+8.24%
Current Drawdown Current decline from peak	-0.96%	-5.18%	+4.22%
Average Drawdown Average peak-to-trough decline	-0.66%	-1.79%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	2.56%	-1.93%

Volatility

HYBI vs. IYRI - Volatility Comparison

The current volatility for NEOS Enhanced Income Credit Select ETF (HYBI) is 1.14%, while NEOS Real Estate High Income ETF (IYRI) has a volatility of 4.28%. This indicates that HYBI experiences smaller price fluctuations and is considered to be less risky than IYRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYBI	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	4.28%	-3.14%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	7.49%	-5.05%
Volatility (1Y) Calculated over the trailing 1-year period	5.56%	13.79%	-8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.10%	13.47%	-8.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.10%	13.47%	-8.37%