HYBI vs. NIHI

Last updated Jun 4, 2026

HYBI (NEOS Enhanced Income Credit Select ETF) and NIHI (NEOS MSCI EAFE High Income ETF) are both exchange-traded funds - HYBI is a Nontraditional Bonds fund actively managed by Neos, while NIHI is a Derivative Income fund actively managed by Neos. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.68% expense ratio.

Performance

HYBI vs. NIHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Enhanced Income Credit Select ETF (HYBI) and NEOS MSCI EAFE High Income ETF (NIHI). 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 NIHI's 5.84% return.

HYBI

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

NIHI

• 1D: -0.52%
• 1M: 3.11%
• YTD: 5.84%
• 6M: 8.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYBI vs. NIHI - Yearly Performance Comparison

	2026 (YTD)	2025
HYBI NEOS Enhanced Income Credit Select ETF	1.56%	1.49%
NIHI NEOS MSCI EAFE High Income ETF	5.84%	5.33%

Correlation

The correlation between HYBI and NIHI is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.75

HYBI vs. NIHI - Sectors Allocation Comparison

Sectors	HYBI	NIHI
Technology	35.6%	10.2%
Financial Services	11.8%	22.9%
Communication Services	11.2%	4.5%
Consumer Cyclical	10.1%	8.2%
Healthcare	8.5%	9.8%
Industrials	8.3%	20.5%
Consumer Defensive	4.9%	6.4%
Energy	3.6%	4.0%
Utilities	2.3%	3.8%
Real Estate	1.9%	3.1%
Basic Materials	1.8%	6.6%

Return for Risk

HYBI vs. NIHI — 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

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. NIHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and NEOS MSCI EAFE High Income ETF (NIHI). 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	NIHI	Difference
Sharpe ratio Return per unit of total volatility	2.29	—	—
Sortino ratio Return per unit of downside risk	3.51	—	—
Omega ratio Gain probability vs. loss probability	1.45	—	—
Calmar ratio Return relative to maximum drawdown	5.17	—	—
Martin ratio Return relative to average drawdown	16.91	—	—
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	NIHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	1.10	-0.13

Drawdowns

HYBI vs. NIHI - Drawdown Comparison

The maximum HYBI drawdown since its inception was -4.68%, smaller than the maximum NIHI drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for HYBI and NIHI.

Drawdown Indicators

	HYBI	NIHI	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-10.88%	+6.20%
Max Drawdown (1Y) Largest decline over 1 year	-1.43%	—	—
Current Drawdown Current decline from peak	-0.24%	-1.15%	+0.91%
Average Drawdown Average peak-to-trough decline	-0.62%	-2.38%	+1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	—	—

Volatility

Volatility by Period

	HYBI	NIHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.23%	15.11%	-11.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	15.11%	-10.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	15.11%	-10.17%

HYBI vs. NIHI - Expense Ratio Comparison

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

Dividends

HYBI vs. NIHI - Dividend Comparison

HYBI's dividend yield for the trailing twelve months is around 8.37%, more than NIHI's 7.83% yield.

Position	TTM	2025	2024
HYBI NEOS Enhanced Income Credit Select ETF	8.37%	8.48%	2.21%
NIHI NEOS MSCI EAFE High Income ETF	7.83%	3.44%	0.00%

Frequently Asked Questions

Can I hold both HYBI and NIHI in my portfolio?

HYBI and NIHI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HYBI or NIHI?

Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYBI or NIHI?

HYBI and NIHI have the same expense ratio: 0.68% per year.

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

HYBI has the higher dividend yield at 8.37%, compared with 7.83% for NIHI.

What is the main difference between HYBI and NIHI?

HYBI is categorized as Nontraditional Bonds, while NIHI is Derivative Income.