NEHI vs. ETH-USD

Last updated Apr 3, 2026

Compare and contrast key facts about NEOS Ethereum High Income ETF (NEHI) and Ethereum (ETH-USD).

NEHI is an actively managed fund by Neos. It was launched on Dec 2, 2025.

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.

NEHI vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025
NEHI NEOS Ethereum High Income ETF	-28.33%	-3.02%
ETH-USD Ethereum	-30.81%	-6.99%

Returns By Period

In the year-to-date period, NEHI achieves a -28.33% return, which is significantly higher than ETH-USD's -30.81% return.

NEHI

• 1D: -2.97%
• 1M: 5.44%
• YTD: -28.33%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH-USD

• 1D: -4.09%
• 1M: 3.52%
• YTD: -30.81%
• 6M: -54.26%
• 1Y: 14.38%
• 3Y*: 4.27%
• 5Y*: 0.43%
• 10Y*: 68.46%

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

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: 74
ETH-USD Sharpe Ratio Rank: 86
ETH-USD Sortino Ratio Rank: 85
ETH-USD Omega Ratio Rank: 84
ETH-USD Calmar Ratio Rank: 68
ETH-USD Martin Ratio Rank: 49

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	—	0.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.02	0.79	-1.82

Correlation

The correlation between NEHI and ETH-USD is 0.73, 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.

Drawdowns

NEHI vs. ETH-USD - Drawdown Comparison

The maximum NEHI drawdown since its inception was -42.50%, 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	-42.50%	-94.01%	+51.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-62.26%	—
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	-35.89%	-57.51%	+21.62%
Average Drawdown Average peak-to-trough decline	-22.21%	-50.82%	+28.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	36.50%	—

Volatility

Volatility by Period

	NEHI	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	51.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	66.17%	62.47%	+3.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.17%	63.54%	+2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.17%	78.86%	-12.69%