NLSI vs. ATTR

Last updated Jun 5, 2026

NLSI (Neos Long/Short Equity Income ETF) and ATTR (Arin Tactical Tail Risk ETF) are both Long-Short funds. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. NLSI charges 2.89%/yr vs 0.63%/yr for ATTR.

Performance

NLSI vs. ATTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos Long/Short Equity Income ETF (NLSI) and Arin Tactical Tail Risk ETF (ATTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NLSI achieves a 5.89% return, which is significantly higher than ATTR's 4.33% return.

NLSI

• 1D: -1.04%
• 1M: 9.30%
• YTD: 5.89%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATTR

• 1D: 0.08%
• 1M: 0.85%
• YTD: 4.33%
• 6M: 4.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NLSI vs. ATTR - Yearly Performance Comparison

	2026 (YTD)	2025
NLSI Neos Long/Short Equity Income ETF	5.89%	1.90%
ATTR Arin Tactical Tail Risk ETF	4.33%	0.01%

Correlation

The correlation between NLSI and ATTR is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.21

Return for Risk

NLSI vs. ATTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos Long/Short Equity Income ETF (NLSI) and Arin Tactical Tail Risk ETF (ATTR). 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

	NLSI	ATTR	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	2.85	-1.96

Drawdowns

NLSI vs. ATTR - Drawdown Comparison

The maximum NLSI drawdown since its inception was -13.82%, which is greater than ATTR's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for NLSI and ATTR.

Drawdown Indicators

	NLSI	ATTR	Difference
Max Drawdown Largest peak-to-trough decline	-13.82%	-1.76%	-12.06%
Current Drawdown Current decline from peak	-2.36%	-0.11%	-2.25%
Average Drawdown Average peak-to-trough decline	-6.07%	-0.18%	-5.89%

Volatility

Volatility by Period

	NLSI	ATTR	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.36%	2.96%	+16.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.36%	2.96%	+16.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.36%	2.96%	+16.40%

NLSI vs. ATTR - Expense Ratio Comparison

NLSI has a 2.89% expense ratio, which is higher than ATTR's 0.63% expense ratio.

Dividends

NLSI vs. ATTR - Dividend Comparison

NLSI's dividend yield for the trailing twelve months is around 2.45%, while ATTR has not paid dividends to shareholders.

Position	TTM	2025
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%
NLSI Neos Long/Short Equity Income ETF	2.45%	0.46%

Frequently Asked Questions

Can I hold both NLSI and ATTR in my portfolio?

NLSI and ATTR have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NLSI or ATTR?

On fees, ATTR is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NLSI or ATTR?

ATTR is cheaper with a 0.63% expense ratio, compared with 2.89% for NLSI.

Which ETF pays a higher dividend yield, NLSI or ATTR?

NLSI has the higher dividend yield at 2.45%, compared with 0.00% for ATTR.

What is the main difference between NLSI and ATTR?

They also come from different issuers: Neos and Arin Risk Advisors. Their fees differ too: 2.89% for NLSI and 0.63% for ATTR.