HYBI vs. SCYB

Last updated Jun 4, 2026

HYBI (NEOS Enhanced Income Credit Select ETF) and SCYB (Schwab High Yield Bond ETF) are both exchange-traded funds - HYBI is a Nontraditional Bonds fund actively managed by Neos, while SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index. HYBI is actively managed, while SCYB is passively managed. Over the past year, HYBI returned 7.35% vs 6.99% for SCYB. Their correlation of 0.86 suggests significant overlap in exposure. HYBI charges 0.68%/yr vs 0.03%/yr for SCYB.

Performance

HYBI vs. SCYB - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with HYBI having a 1.56% return and SCYB slightly lower at 1.55%.

HYBI

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

SCYB

• 1D: -0.29%
• 1M: 0.36%
• YTD: 1.55%
• 6M: 1.87%
• 1Y: 6.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYBI vs. SCYB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HYBI NEOS Enhanced Income Credit Select ETF	1.56%	6.97%	-0.48%
SCYB Schwab High Yield Bond ETF	1.55%	8.33%	0.07%

Correlation

The correlation between HYBI and SCYB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.86

The correlation between HYBI and SCYB has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

HYBI vs. SCYB - Sectors Allocation Comparison

Sectors	HYBI	SCYB
Technology	35.6%	4.5%
Financial Services	11.8%	4.9%
Communication Services	11.2%	8.9%
Consumer Cyclical	10.1%	10.6%
Healthcare	8.5%	5.8%
Industrials	8.3%	8.7%
Consumer Defensive	4.9%	2.5%
Energy	3.6%	5.8%
Utilities	2.3%	2.0%
Real Estate	1.9%	4.2%
Basic Materials	1.8%	3.5%

Return for Risk

HYBI vs. SCYB — 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

SCYB

SCYB Risk / Return Rank: 59
SCYB Sharpe Ratio Rank: 54
SCYB Sortino Ratio Rank: 58
SCYB Omega Ratio Rank: 59
SCYB Calmar Ratio Rank: 57
SCYB Martin Ratio Rank: 68

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. SCYB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income Credit Select ETF (HYBI) and Schwab High Yield Bond ETF (SCYB). 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	SCYB	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.88	+0.42
Sortino ratio: Return per unit of downside risk	3.51	2.81	+0.70
Omega ratio: Gain probability vs. loss probability	1.45	1.37	+0.08
Calmar ratio: Return relative to maximum drawdown	5.17	2.87	+2.29
Martin ratio: Return relative to average drawdown	16.91	12.87	+4.04
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. SCYB - Sharpe Ratio Comparison

The current HYBI Sharpe Ratio is 2.29, which is comparable to the SCYB Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of HYBI and SCYB, 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	SCYB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	1.88	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	1.68	-0.71

Drawdowns

HYBI vs. SCYB - Drawdown Comparison

The maximum HYBI drawdown since its inception was -4.68%, roughly equal to the maximum SCYB drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for HYBI and SCYB.

Drawdown Indicators

	HYBI	SCYB	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-4.92%	+0.24%
Max Drawdown (1Y) Largest decline over 1 year	-1.43%	-2.44%	+1.01%
Current Drawdown Current decline from peak	-0.24%	-0.33%	+0.09%
Average Drawdown Average peak-to-trough decline	-0.62%	-0.52%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.54%	-0.10%

Volatility

HYBI vs. SCYB - Volatility Comparison

The current volatility for NEOS Enhanced Income Credit Select ETF (HYBI) is 0.98%, while Schwab High Yield Bond ETF (SCYB) has a volatility of 1.07%. This indicates that HYBI experiences smaller price fluctuations and is considered to be less risky than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYBI	SCYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	1.07%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	2.13%	2.93%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	3.23%	3.76%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	5.13%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	5.13%	-0.19%

HYBI vs. SCYB - Expense Ratio Comparison

HYBI has a 0.68% expense ratio, which is higher than SCYB's 0.03% expense ratio.

Dividends

HYBI vs. SCYB - Dividend Comparison

HYBI's dividend yield for the trailing twelve months is around 8.37%, more than SCYB's 6.94% yield.

Position	TTM	2025	2024	2023
HYBI NEOS Enhanced Income Credit Select ETF	8.37%	8.48%	2.21%	0.00%
SCYB Schwab High Yield Bond ETF	6.94%	6.99%	7.06%	3.36%

Frequently Asked Questions

Can I hold both HYBI and SCYB in my portfolio?

HYBI and SCYB have a correlation of 0.87, 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 SCYB?

SCYB has higher volatility (1.07%) compared to HYBI (0.98%). In terms of maximum drawdown, HYBI dropped -4.68% vs SCYB's -4.92%.

Which ETF is better, HYBI or SCYB?

On 1-year performance, HYBI leads with 7.35% vs 6.99% for SCYB. On fees, SCYB is cheaper at 0.03% 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 SCYB?

Over the 1-year period, HYBI has performed better with a 7.35% return vs 6.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYBI or SCYB?

SCYB is cheaper with a 0.03% expense ratio, compared with 0.68% for HYBI.

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

HYBI has the higher dividend yield at 8.37%, compared with 6.94% for SCYB.

What is the main difference between HYBI and SCYB?

HYBI is categorized as Nontraditional Bonds, while SCYB is High Yield Bonds. They also come from different issuers: Neos and Charles Schwab. Their fees differ too: 0.68% for HYBI and 0.03% for SCYB.

Which has better risk-adjusted returns?

HYBI currently has the higher Sharpe Ratio (2.29 vs 1.88), 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.