RYSE vs. HYBI

Last updated Apr 2, 2026

Compare and contrast key facts about Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) and NEOS Enhanced Income Credit Select ETF (HYBI).

RYSE and HYBI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYSE is an actively managed fund by Vest. It was launched on Feb 2, 2023. HYBI is an actively managed fund by Neos. It was launched on Sep 27, 2024.

Performance

RYSE vs. HYBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) and NEOS Enhanced Income Credit Select ETF (HYBI). The values are adjusted to include any dividend payments, if applicable.

RYSE vs. HYBI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF	2.52%	-3.09%	12.75%
HYBI NEOS Enhanced Income Credit Select ETF	0.31%	6.97%	-0.48%

Returns By Period

In the year-to-date period, RYSE achieves a 2.52% return, which is significantly higher than HYBI's 0.31% return.

RYSE

• 1D: 0.00%
• 1M: 6.60%
• YTD: 2.52%
• 6M: 6.84%
• 1Y: 6.25%
• 3Y*: 6.72%
• 5Y*: —
• 10Y*: —

HYBI

• 1D: -0.00%
• 1M: -0.57%
• YTD: 0.31%
• 6M: 1.46%
• 1Y: 7.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RYSE vs. HYBI - Expense Ratio Comparison

RYSE has a 0.85% expense ratio, which is higher than HYBI's 0.68% expense ratio.

RYSE

Cboe Vest 10 Year Interest Rate Hedge ETF

HYBI

NEOS Enhanced Income Credit Select ETF

Return for Risk

RYSE vs. HYBI — Risk / Return Rank

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

RYSE

RYSE Risk / Return Rank: 23
RYSE Sharpe Ratio Rank: 25
RYSE Sortino Ratio Rank: 25
RYSE Omega Ratio Rank: 22
RYSE Calmar Ratio Rank: 22
RYSE Martin Ratio Rank: 19

HYBI

HYBI Risk / Return Rank: 81
HYBI Sharpe Ratio Rank: 72
HYBI Sortino Ratio Rank: 76
HYBI Omega Ratio Rank: 87
HYBI Calmar Ratio Rank: 82
HYBI Martin Ratio Rank: 89

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.

RYSE vs. HYBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) 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.

	RYSE	HYBI	Difference
Sharpe ratio Return per unit of total volatility	0.50	1.33	-0.83
Sortino ratio Return per unit of downside risk	0.81	2.01	-1.20
Omega ratio Gain probability vs. loss probability	1.09	1.36	-0.27
Calmar ratio Return relative to maximum drawdown	0.52	2.49	-1.96
Martin ratio Return relative to average drawdown	1.07	12.04	-10.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYSE vs. HYBI - Sharpe Ratio Comparison

The current RYSE Sharpe Ratio is 0.50, which is lower than the HYBI Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of RYSE and HYBI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYSE	HYBI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	1.33	-0.83
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.88	-0.45

Correlation

The correlation between RYSE and HYBI is -0.32. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

RYSE vs. HYBI - Dividend Comparison

RYSE's dividend yield for the trailing twelve months is around 1.37%, less than HYBI's 8.37% yield.

	TTM	2025	2024	2023
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF	1.37%	1.86%	2.58%	24.91%
HYBI NEOS Enhanced Income Credit Select ETF	8.37%	8.48%	2.21%	0.00%

Drawdowns

RYSE vs. HYBI - Drawdown Comparison

The maximum RYSE drawdown since its inception was -19.70%, which is greater than HYBI's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for RYSE and HYBI.

Drawdown Indicators

	RYSE	HYBI	Difference
Max Drawdown Largest peak-to-trough decline	-19.70%	-4.68%	-15.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.23%	-3.07%	-5.16%
Current Drawdown Current decline from peak	-7.83%	-0.96%	-6.87%
Average Drawdown Average peak-to-trough decline	-9.25%	-0.66%	-8.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	0.63%	+3.41%

Volatility

RYSE vs. HYBI - Volatility Comparison

Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) has a higher volatility of 4.63% compared to NEOS Enhanced Income Credit Select ETF (HYBI) at 1.14%. This indicates that RYSE's price experiences larger fluctuations and is considered to be riskier than HYBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYSE	HYBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	1.14%	+3.49%
Volatility (6M) Calculated over the trailing 6-month period	8.01%	2.44%	+5.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	5.56%	+7.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	5.10%	+10.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.32%	5.10%	+10.22%