NLSI vs. NIHI

Last updated Apr 2, 2026

Compare and contrast key facts about Neos Long/Short Equity Income ETF (NLSI) and NEOS MSCI EAFE High Income ETF (NIHI).

NLSI and NIHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NLSI is an actively managed fund by Neos. It was launched on Dec 9, 2025. NIHI is an actively managed fund by Neos. It was launched on Sep 16, 2025.

Performance

NLSI vs. NIHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos Long/Short Equity Income ETF (NLSI) and NEOS MSCI EAFE High Income ETF (NIHI). The values are adjusted to include any dividend payments, if applicable.

NLSI vs. NIHI - Yearly Performance Comparison

	2026 (YTD)	2025
NLSI Neos Long/Short Equity Income ETF	-9.81%	1.90%
NIHI NEOS MSCI EAFE High Income ETF	0.34%	1.52%

Returns By Period

In the year-to-date period, NLSI achieves a -9.81% return, which is significantly lower than NIHI's 0.34% return.

NLSI

• 1D: 0.10%
• 1M: -2.46%
• YTD: -9.81%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NIHI

• 1D: 1.58%
• 1M: -4.42%
• YTD: 0.34%
• 6M: 4.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NLSI vs. NIHI - Expense Ratio Comparison

NLSI has a 2.89% expense ratio, which is higher than NIHI's 0.68% expense ratio.

NLSI

Neos Long/Short Equity Income ETF

NIHI

NEOS MSCI EAFE High Income ETF

Return for Risk

NLSI vs. NIHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos Long/Short Equity Income ETF (NLSI) and NEOS MSCI EAFE High Income ETF (NIHI). 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	NIHI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.31	0.70	-2.01

Correlation

The correlation between NLSI and NIHI is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NLSI vs. NIHI - Dividend Comparison

NLSI's dividend yield for the trailing twelve months is around 1.90%, less than NIHI's 6.40% yield.

	TTM	2025
NLSI Neos Long/Short Equity Income ETF	1.90%	0.46%
NIHI NEOS MSCI EAFE High Income ETF	6.40%	3.44%

Drawdowns

NLSI vs. NIHI - Drawdown Comparison

The maximum NLSI drawdown since its inception was -13.19%, which is greater than NIHI's maximum drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for NLSI and NIHI.

Drawdown Indicators

	NLSI	NIHI	Difference
Max Drawdown Largest peak-to-trough decline	-13.19%	-10.88%	-2.31%
Current Drawdown Current decline from peak	-11.13%	-6.28%	-4.85%
Average Drawdown Average peak-to-trough decline	-6.34%	-2.24%	-4.10%

Volatility

Volatility by Period

	NLSI	NIHI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.81%	15.52%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.81%	15.52%	+3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	15.52%	+3.29%