NEHI vs. ETH-USD

Last updated Jun 6, 2026

NEHI (NEOS Ethereum High Income ETF) is Cryptocurrency fund actively managed by Neos, while ETH-USD (Ethereum) is a cryptocurrency. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

NEHI vs. ETH-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Ethereum High Income ETF (NEHI) and Ethereum (ETH-USD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEHI achieves a -43.71% return, which is significantly higher than ETH-USD's -46.29% return.

NEHI

• 1D: -10.96%
• 1M: -30.98%
• YTD: -43.71%
• 6M: -43.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH-USD

• 1D: -9.90%
• 1M: -32.21%
• YTD: -46.29%
• 6M: -47.28%
• 1Y: -34.03%
• 3Y*: -5.45%
• 5Y*: -10.08%
• 10Y*: 59.97%

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

NEHI vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025
NEHI NEOS Ethereum High Income ETF	-43.71%	-3.02%
ETH-USD Ethereum	-46.29%	-6.99%

Correlation

The correlation between NEHI and ETH-USD is 0.64, 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 Dec 4, 2025	0.64

Return for Risk

NEHI vs. ETH-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETH-USD

ETH-USD Risk / Return Rank: 68
ETH-USD Sharpe Ratio Rank: 65
ETH-USD Sortino Ratio Rank: 66
ETH-USD Omega Ratio Rank: 65
ETH-USD Calmar Ratio Rank: 74
ETH-USD Martin Ratio Rank: 70

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.

NEHI vs. ETH-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Ethereum High Income ETF (NEHI) and Ethereum (ETH-USD). 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

	NEHI	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.50	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.20	0.74	-1.94

Drawdowns

NEHI vs. ETH-USD - Drawdown Comparison

The maximum NEHI drawdown since its inception was -49.66%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for NEHI and ETH-USD.

Drawdown Indicators

	NEHI	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-49.66%	-94.01%	+44.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-67.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-67.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-79.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.01%	—
Current Drawdown Current decline from peak	-49.66%	-67.02%	+17.36%
Average Drawdown Average peak-to-trough decline	-25.43%	-50.88%	+25.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	44.01%	—

Volatility

Volatility by Period

	NEHI	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	58.91%	56.49%	+2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.91%	59.61%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.91%	78.01%	-19.10%

Frequently Asked Questions

Can I hold both NEHI and ETH-USD in my portfolio?

NEHI and ETH-USD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.