HYKE vs. HYBI

Last updated Apr 2, 2026

Compare and contrast key facts about Vest 2 Year Interest Rate Hedge ETF (HYKE) and NEOS Enhanced Income Credit Select ETF (HYBI).

HYKE and HYBI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYKE is an actively managed fund by Cboe Vest. It was launched on Jan 10, 2024. HYBI is an actively managed fund by Neos. It was launched on Sep 27, 2024.

Performance

HYKE vs. HYBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vest 2 Year Interest Rate Hedge ETF (HYKE) and NEOS Enhanced Income Credit Select ETF (HYBI). The values are adjusted to include any dividend payments, if applicable.

HYKE vs. HYBI - Yearly Performance Comparison

	2026 (YTD)
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%
HYBI NEOS Enhanced Income Credit Select ETF	0.43%

Returns By Period

HYKE

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYBI

• 1D: 0.08%
• 1M: -0.29%
• YTD: 0.39%
• 6M: 1.52%
• 1Y: 7.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYKE vs. HYBI - Expense Ratio Comparison

HYKE has a 0.85% expense ratio, which is higher than HYBI's 0.68% expense ratio.

HYKE

Vest 2 Year Interest Rate Hedge ETF

HYBI

NEOS Enhanced Income Credit Select ETF

Return for Risk

HYKE vs. HYBI — 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: 74
HYBI Omega Ratio Rank: 85
HYBI Calmar Ratio Rank: 77
HYBI Martin Ratio Rank: 86

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.

HYKE vs. HYBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vest 2 Year Interest Rate Hedge ETF (HYKE) and NEOS Enhanced Income Credit Select ETF (HYBI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYKE	HYBI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.89	—

Dividends

HYKE vs. HYBI - Dividend Comparison

HYKE has not paid dividends to shareholders, while HYBI's dividend yield for the trailing twelve months is around 8.36%.

	TTM	2025	2024
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%	0.00%	0.00%
HYBI NEOS Enhanced Income Credit Select ETF	8.36%	8.48%	2.21%

Drawdowns

HYKE vs. HYBI - Drawdown Comparison

The maximum HYKE drawdown since its inception was 0.00%, smaller than the maximum HYBI drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for HYKE and HYBI.

Drawdown Indicators

	HYKE	HYBI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-4.68%	+4.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.35%	—
Current Drawdown Current decline from peak	0.00%	-0.88%	+0.88%
Average Drawdown Average peak-to-trough decline	0.00%	-0.66%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.64%	—

Volatility

Volatility by Period

	HYKE	HYBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	5.55%	-5.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	5.10%	-5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	5.10%	-5.10%