Correlation
The correlation between HYBI and SCYB is 0.64, 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.
HYBI vs. SCYB
Compare and contrast key facts about NEOS Enhanced Income Credit Select ETF (HYBI) and Schwab High Yield Bond ETF (SCYB).
HYBI and SCYB 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. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYBI or SCYB.
Performance
HYBI vs. SCYB - Performance Comparison
Loading data...
Key characteristics
HYBI:
6.82%
SCYB:
5.78%
HYBI:
-4.68%
SCYB:
-4.92%
HYBI:
-0.88%
SCYB:
-0.04%
Returns By Period
In the year-to-date period, HYBI achieves a 0.95% return, which is significantly lower than SCYB's 2.51% return.
HYBI
0.95%
1.59%
-0.04%
N/A
N/A
N/A
N/A
SCYB
2.51%
1.59%
1.75%
8.90%
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HYBI vs. SCYB - Expense Ratio Comparison
HYBI has a 0.68% expense ratio, which is higher than SCYB's 0.03% expense ratio.
Risk-Adjusted Performance
HYBI vs. SCYB — Risk-Adjusted Performance Rank
HYBI
SCYB
HYBI vs. SCYB - Risk-Adjusted Performance 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.
Loading data...
Dividends
HYBI vs. SCYB - Dividend Comparison
HYBI's dividend yield for the trailing twelve months is around 5.29%, less than SCYB's 7.12% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
HYBI NEOS Enhanced Income Credit Select ETF | 5.29% | 1.62% | 0.00% |
SCYB Schwab High Yield Bond ETF | 7.12% | 7.06% | 3.36% |
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.
Loading data...
Volatility
HYBI vs. SCYB - Volatility Comparison
Loading data...