NEOS Enhanced Income Credit Select ETF
$48.16−0.10 (−0.20%)
- Expense ratio
- 0.72%
- Fund size
- $223M
- 1Y return
- +3.0%
- Yield · Last 12 months
- 9.06%
- Volume · 30D
- 0M sh
- NAV per share
- $48.24
- 52W range
The ETF.net HYBI Grade
Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 10Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 63Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 68Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 20Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 52Category rank
Our read on HYBI
CHigh yield credit with an S&P 500 index options overlay bolted on top. Actively managed, pays monthly, and its stated aim is tax-efficient income rather than coupons alone.
The Fund seeks total return from income and capital appreciation while providing tax-efficient monthly income.
Why people hold it
- Two income engines, not one: interest from a US credit portfolio plus premiums from an S&P 500 index options overlay, steered by an active manager instead of a fixed index.neosfunds.com
- Pays monthly, and the fund states its goal is tax-efficient income. Distributions can include return of capital, which defers tax now and trims your cost basis later.neosfunds.com
- Plain 1940 Act ETF wrapper, so tax time means a 1099, not a K-1.neosfunds.com
Worth knowing
- At 0.72% it runs well above the 0.40% high yield ETF median, and index rivals like SCYB (0.03%) and SPHY (0.05%) charge a sliver of that. The overlay has to earn its keep.
- The options leg is written on the S&P 500, not on the bonds it holds, so the income engine tracks stock volatility while the portfolio tracks credit.neosfunds.com
- Launched in 2024, still small beside the category's giants and thinly traded, so spreads can run wider than the expense ratio alone suggests.
HYBI Holdings
- Bonds
- —
- 100%
- 912797VZ7
Sectors
Geography
HYBI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HYBI |
|---|---|
| Year to date | +1.9% |
| 1 month | −0.7% |
| 3 months | +0.1% |
| 1 year | +3.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HYBI |
|---|---|---|
| 2026 YTD | +1.9% | |
| 2025 | +7.0% | |
| 2024 | −0.5% |
HYBI in the news
ETF.net Research hasn’t filed on HYBI yet — coverage lands here as it’s written.
HYBI Dividends
- 9.06%
- $4.37
- $0.33 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 9, 2026 | Sep 11, 2026 | $0.33 |
| Aug 12, 2026 | Aug 14, 2026 | $0.33 |
| Jul 15, 2026 | Jul 17, 2026 | $0.33 |
| Jun 10, 2026 | Jun 12, 2026 | $0.33 |
| May 13, 2026 | May 15, 2026 | $0.33 |
| Apr 15, 2026 | Apr 17, 2026 | $0.33 |
| Mar 11, 2026 | Mar 13, 2026 | $0.34 |
| Feb 11, 2026 | Feb 13, 2026 | $0.34 |
| Jan 14, 2026 | Jan 16, 2026 | $0.34 |
| Dec 24, 2025 | Dec 26, 2025 | $0.34 |
| Nov 26, 2025 | Nov 28, 2025 | $0.34 |
| Oct 22, 2025 | Oct 24, 2025 | $0.34 |
HYBI Risk
- 3.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.21
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HYBI Cost
- The middle half of US High Yield funds
- Median 0.43%
75 of the 84 US High Yield funds charge less.