HYBI vs. SCYB

Last updated Apr 2, 2026

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.

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.

HYBI vs. SCYB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HYBI NEOS Enhanced Income Credit Select ETF	0.31%	6.97%	-0.48%
SCYB Schwab High Yield Bond ETF	-0.10%	8.33%	0.07%

Returns By Period

In the year-to-date period, HYBI achieves a 0.31% return, which is significantly higher than SCYB's -0.10% return.

HYBI

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

SCYB

• 1D: 0.36%
• 1M: -0.82%
• YTD: -0.10%
• 6M: 0.87%
• 1Y: 7.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYBI vs. SCYB - Expense Ratio Comparison

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

HYBI

NEOS Enhanced Income Credit Select ETF

SCYB

Schwab High Yield Bond ETF

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: 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

SCYB

SCYB Risk / Return Rank: 71
SCYB Sharpe Ratio Rank: 68
SCYB Sortino Ratio Rank: 70
SCYB Omega Ratio Rank: 75
SCYB Calmar Ratio Rank: 64
SCYB Martin Ratio Rank: 79

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	1.33	1.24	+0.09
Sortino ratio Return per unit of downside risk	2.01	1.82	+0.19
Omega ratio Gain probability vs. loss probability	1.36	1.29	+0.07
Calmar ratio Return relative to maximum drawdown	2.49	1.68	+0.81
Martin ratio Return relative to average drawdown	12.04	8.84	+3.21
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 1.33, which is comparable to the SCYB Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of HYBI and SCYB, 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	SCYB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.24	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.64	-0.76

Correlation

The correlation between HYBI and SCYB is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HYBI vs. SCYB - Dividend Comparison

HYBI's dividend yield for the trailing twelve months is around 8.37%, more than SCYB's 7.06% yield.

	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	7.06%	6.99%	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.

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	-3.07%	-4.22%	+1.15%
Current Drawdown Current decline from peak	-0.96%	-1.14%	+0.18%
Average Drawdown Average peak-to-trough decline	-0.66%	-0.53%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	0.80%	-0.17%

Volatility

HYBI vs. SCYB - Volatility Comparison

The current volatility for NEOS Enhanced Income Credit Select ETF (HYBI) is 1.14%, while Schwab High Yield Bond ETF (SCYB) has a volatility of 2.28%. 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	1.14%	2.28%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	2.93%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	5.56%	5.68%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.10%	5.20%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.10%	5.20%	-0.10%