SSFI vs. HYBI

Last updated Apr 2, 2026

Compare and contrast key facts about Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI) and NEOS Enhanced Income Credit Select ETF (HYBI).

SSFI and HYBI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSFI is an actively managed fund by Day Hagan. It was launched on Sep 28, 2021. HYBI is an actively managed fund by Neos. It was launched on Sep 27, 2024.

Performance

SSFI vs. HYBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI) and NEOS Enhanced Income Credit Select ETF (HYBI). The values are adjusted to include any dividend payments, if applicable.

SSFI vs. HYBI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SSFI Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF	-0.10%	6.62%	-3.55%
HYBI NEOS Enhanced Income Credit Select ETF	0.31%	6.97%	-0.48%

Returns By Period

In the year-to-date period, SSFI achieves a -0.10% return, which is significantly lower than HYBI's 0.31% return.

SSFI

• 1D: 0.02%
• 1M: -1.18%
• YTD: -0.10%
• 6M: 0.38%
• 1Y: 3.24%
• 3Y*: 2.93%
• 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)

SSFI vs. HYBI - Expense Ratio Comparison

SSFI has a 0.81% expense ratio, which is higher than HYBI's 0.68% expense ratio.

SSFI

Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF

HYBI

NEOS Enhanced Income Credit Select ETF

Return for Risk

SSFI vs. HYBI — Risk / Return Rank

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

SSFI

SSFI Risk / Return Rank: 35
SSFI Sharpe Ratio Rank: 34
SSFI Sortino Ratio Rank: 31
SSFI Omega Ratio Rank: 28
SSFI Calmar Ratio Rank: 45
SSFI Martin Ratio Rank: 34

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.

SSFI vs. HYBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI) 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.

	SSFI	HYBI	Difference
Sharpe ratio Return per unit of total volatility	0.71	1.33	-0.62
Sortino ratio Return per unit of downside risk	1.01	2.01	-0.99
Omega ratio Gain probability vs. loss probability	1.13	1.36	-0.24
Calmar ratio Return relative to maximum drawdown	1.39	2.49	-1.10
Martin ratio Return relative to average drawdown	3.79	12.04	-8.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSFI vs. HYBI - Sharpe Ratio Comparison

The current SSFI Sharpe Ratio is 0.71, which is lower than the HYBI Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of SSFI 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

	SSFI	HYBI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	1.33	-0.62
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.88	-0.94

Correlation

The correlation between SSFI and HYBI is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SSFI vs. HYBI - Dividend Comparison

SSFI's dividend yield for the trailing twelve months is around 3.38%, less than HYBI's 8.37% yield.

	TTM	2025	2024	2023	2022	2021
SSFI Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF	3.38%	3.51%	3.64%	3.97%	1.87%	0.71%
HYBI NEOS Enhanced Income Credit Select ETF	8.37%	8.48%	2.21%	0.00%	0.00%	0.00%

Drawdowns

SSFI vs. HYBI - Drawdown Comparison

The maximum SSFI drawdown since its inception was -16.07%, which is greater than HYBI's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for SSFI and HYBI.

Drawdown Indicators

	SSFI	HYBI	Difference
Max Drawdown Largest peak-to-trough decline	-16.07%	-4.68%	-11.39%
Max Drawdown (1Y) Largest decline over 1 year	-2.61%	-3.07%	+0.46%
Current Drawdown Current decline from peak	-2.55%	-0.96%	-1.59%
Average Drawdown Average peak-to-trough decline	-7.77%	-0.66%	-7.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	0.63%	+0.33%

Volatility

SSFI vs. HYBI - Volatility Comparison

Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI) has a higher volatility of 1.60% compared to NEOS Enhanced Income Credit Select ETF (HYBI) at 1.14%. This indicates that SSFI'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

	SSFI	HYBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.60%	1.14%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	2.44%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	4.58%	5.56%	-0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.81%	5.10%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.81%	5.10%	+0.71%