NIHI vs. EXG

Last updated Jun 5, 2026

NIHI (NEOS MSCI EAFE High Income ETF) and EXG (Eaton Vance Tax-Managed Global Diversified Equity Income Fund) are both funds - NIHI is a Derivative Income fund actively managed by Neos, while EXG is a Dividend fund actively managed by Eaton Vance. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. NIHI charges 0.68%/yr vs 1.07%/yr for EXG.

Performance

NIHI vs. EXG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS MSCI EAFE High Income ETF (NIHI) and Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NIHI achieves a 6.43% return, which is significantly higher than EXG's 3.34% return.

NIHI

• 1D: 0.56%
• 1M: 2.77%
• YTD: 6.43%
• 6M: 8.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EXG

• 1D: 0.63%
• 1M: 1.55%
• YTD: 3.34%
• 6M: 6.65%
• 1Y: 19.57%
• 3Y*: 16.35%
• 5Y*: 7.83%
• 10Y*: 10.44%

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

NIHI vs. EXG - Yearly Performance Comparison

	2026 (YTD)	2025
NIHI NEOS MSCI EAFE High Income ETF	6.43%	5.33%
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund	3.34%	8.67%

Correlation

The correlation between NIHI and EXG is 0.72, 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 Sep 18, 2025	0.72

Return for Risk

NIHI vs. EXG — Risk / Return Rank

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

EXG

EXG Risk / Return Rank: 23
EXG Sharpe Ratio Rank: 25
EXG Sortino Ratio Rank: 25
EXG Omega Ratio Rank: 25
EXG Calmar Ratio Rank: 16
EXG Martin Ratio Rank: 26

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.

NIHI vs. EXG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS MSCI EAFE High Income ETF (NIHI) and Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG). 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

	NIHI	EXG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.45	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.31	+0.85

Drawdowns

NIHI vs. EXG - Drawdown Comparison

The maximum NIHI drawdown since its inception was -10.88%, smaller than the maximum EXG drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for NIHI and EXG.

Drawdown Indicators

	NIHI	EXG	Difference
Max Drawdown Largest peak-to-trough decline	-10.88%	-58.45%	+47.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.36%	—
Current Drawdown Current decline from peak	-0.59%	-0.63%	+0.04%
Average Drawdown Average peak-to-trough decline	-2.37%	-9.62%	+7.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.13%	—

Volatility

Volatility by Period

	NIHI	EXG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	13.69%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	17.50%	-2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	19.99%	-4.91%

NIHI vs. EXG - Expense Ratio Comparison

NIHI has a 0.68% expense ratio, which is lower than EXG's 1.07% expense ratio.

Dividends

NIHI vs. EXG - Dividend Comparison

NIHI's dividend yield for the trailing twelve months is around 7.79%, less than EXG's 8.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund	8.29%	8.27%	9.27%	8.60%	10.59%	7.27%	8.43%	8.42%	12.23%	9.84%	12.16%	11.02%
NIHI NEOS MSCI EAFE High Income ETF	7.79%	3.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NIHI and EXG in my portfolio?

NIHI and EXG have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.