NIHI vs. HYBI
NIHI (NEOS MSCI EAFE High Income ETF) and HYBI (NEOS Enhanced Income Credit Select ETF) are both exchange-traded funds - NIHI is a Derivative Income fund actively managed by Neos, while HYBI is a Nontraditional Bonds fund actively managed by Neos. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.68% expense ratio.
Performance
NIHI vs. HYBI - Performance Comparison
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Returns By Period
In the year-to-date period, NIHI achieves a 6.45% return, which is significantly higher than HYBI's 1.43% return.
NIHI
- 1D
- -1.13%
- 1M
- 0.71%
- 6M
- 3.62%
- YTD
- 6.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HYBI
- 1D
- -0.46%
- 1M
- -0.28%
- 6M
- 0.72%
- YTD
- 1.43%
- 1Y
- 4.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.33M | $1.58M | $1.60M | |
| $1.80M | $2.07M | $2.34M |
NIHI vs. HYBI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NIHI NEOS MSCI EAFE High Income ETF | 6.45% | 4.89% |
HYBI NEOS Enhanced Income Credit Select ETF | 1.43% | 1.39% |
Correlation
The correlation between NIHI and HYBI is 0.76, 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 17, 2025 | 0.76 |
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Return for Risk
NIHI vs. HYBI — Risk / Return Rank
NIHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYBI
NIHI vs. HYBI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS MSCI EAFE High Income ETF (NIHI) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NIHI | HYBI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.42 | — |
| Martin ratioReturn relative to average drawdown | — | 10.93 | — |
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Drawdowns
NIHI vs. HYBI - Drawdown Comparison
The maximum NIHI drawdown since its inception was -10.88%, which is greater than HYBI's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for NIHI and HYBI.
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Drawdown Indicators
| NIHI | HYBI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.88% | -4.68% | -6.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.43% | — |
Current DrawdownCurrent decline from peak | -1.88% | -0.91% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -0.59% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.45% | — |
Volatility
NIHI vs. HYBI - Volatility Comparison
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Volatility by Period
| NIHI | HYBI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.88% | 3.36% | +11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 4.86% | +10.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 4.86% | +10.02% |
NIHI vs. HYBI - Expense Ratio Comparison
Both NIHI and HYBI have an expense ratio of 0.68%.
Dividends
NIHI vs. HYBI - Dividend Comparison
NIHI's dividend yield for the trailing twelve months is around 9.56%, more than HYBI's 8.36% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HYBI NEOS Enhanced Income Credit Select ETF | 8.36% | 8.48% | 2.21% |
NIHI NEOS MSCI EAFE High Income ETF | 9.56% | 3.44% | 0.00% |
Frequently Asked Questions
NIHI and HYBI have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.68% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NIHI and HYBI have the same expense ratio: 0.68% per year.
NIHI has the higher dividend yield at 9.56%, compared with 8.36% for HYBI.
NIHI is categorized as Derivative Income, while HYBI is Nontraditional Bonds.
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