YETH vs. NEHI

Last updated Jul 16, 2026

YETH (Roundhill Ether Covered Call Strategy ETF) and NEHI (NEOS Ethereum High Income ETF) are both exchange-traded funds - YETH is a Derivative Income fund actively managed by Roundhill, while NEHI is a Cryptocurrency fund actively managed by Neos. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. YETH charges 0.95%/yr vs 0.98%/yr for NEHI.

Performance

YETH vs. NEHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ether Covered Call Strategy ETF (YETH) and NEOS Ethereum High Income ETF (NEHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YETH achieves a -30.04% return, which is significantly higher than NEHI's -33.53% return.

YETH

• 1D: 1.22%
• 1M: 7.11%
• 6M: -35.05%
• YTD: -30.04%
• 1Y: -34.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NEHI

• 1D: 1.88%
• 1M: 1.72%
• 6M: -40.55%
• YTD: -33.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YETH vs. NEHI - Yearly Performance Comparison

	2026 (YTD)	2025
YETH Roundhill Ether Covered Call Strategy ETF	-30.04%	4.93%
NEHI NEOS Ethereum High Income ETF	-33.53%	-1.24%

Correlation

The correlation between YETH and NEHI is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.93

Return for Risk

YETH vs. NEHI — Risk / Return Rank

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

YETH

YETH Risk / Return Rank: 5
YETH Sharpe Ratio Rank: 4
YETH Sortino Ratio Rank: 5
YETH Omega Ratio Rank: 5
YETH Calmar Ratio Rank: 4
YETH Martin Ratio Rank: 5

NEHI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

YETH vs. NEHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) and NEOS Ethereum High Income ETF (NEHI). 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.

	YETH	NEHI	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	—	—
Sortino ratio: Return per unit of downside risk	-0.59	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.59	—	—
Martin ratio: Return relative to average drawdown	-0.96	—	—

Drawdowns

YETH vs. NEHI - Drawdown Comparison

The maximum YETH drawdown since its inception was -64.41%, which is greater than NEHI's maximum drawdown of -50.12%. Use the drawdown chart below to compare losses from any high point for YETH and NEHI.

Drawdown Indicators

	YETH	NEHI	Difference
Max Drawdown Largest peak-to-trough decline	-64.41%	-50.12%	-14.29%
Max Drawdown (1Y) Largest decline over 1 year	-58.73%	—	—
Current Drawdown Current decline from peak	-57.26%	-40.55%	-16.71%
Average Drawdown Average peak-to-trough decline	-32.67%	-28.70%	-3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.90%	—	—

Volatility

Volatility by Period

	YETH	NEHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.90%	58.47%	-0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.30%	58.47%	-3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.30%	58.47%	-3.17%

YETH vs. NEHI - Expense Ratio Comparison

YETH has a 0.95% expense ratio, which is lower than NEHI's 0.98% expense ratio.

Dividends

YETH vs. NEHI - Dividend Comparison

YETH's dividend yield for the trailing twelve months is around 130.28%, more than NEHI's 26.59% yield.

Position	TTM	2025	2024
NEHI NEOS Ethereum High Income ETF	26.59%	2.87%	0.00%
YETH Roundhill Ether Covered Call Strategy ETF	130.28%	109.12%	20.52%

Frequently Asked Questions

Can I hold both YETH and NEHI in my portfolio?

With a correlation of 0.93, YETH and NEHI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, YETH or NEHI?

On fees, YETH is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YETH or NEHI?

YETH is cheaper with a 0.95% expense ratio, compared with 0.98% for NEHI.

Which ETF pays a higher dividend yield, YETH or NEHI?

YETH has the higher dividend yield at 130.28%, compared with 26.59% for NEHI.

What is the main difference between YETH and NEHI?

YETH is categorized as Derivative Income, while NEHI is Cryptocurrency. They also come from different issuers: Roundhill and Neos. Their fees differ too: 0.95% for YETH and 0.98% for NEHI.