NEOS Enhanced Income Credit Select ETF
$48.27−0.01 (−0.03%)
- 0.72%
- $220M
- +4.3%
- 8.32%
- 0M sh
- $48.28
- low $48.10high $50.78
The ETF.net HYBI Grade
C
Score 42 out of 100
- 62 of 85
Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F10 out of 100Rank 77 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.B60 out of 100Rank 60 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 3 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B68 out of 100Rank 19 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F19 out of 100Rank 83 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 44 of 85
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
- 5
- 100%
- 912797VZ7
Sectors
- Technology38.7%
- Financials12.1%
- Communication9.5%
- Consumer Discretionary9.3%
- Health Care9.3%
- Industrials7.8%
- Consumer Staples4.5%
- Energy3.5%
- Utilities2.0%
- Real Estate1.8%
- Materials1.7%
HYBI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
HYBI$10,432
Returns run to the Oct 12, 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 | 0.0% |
| 3 months | −0.2% |
| 1 year | +4.3% |
| 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
HYBI Dividends
- 8.32%
- $4.02
- $0.33 per share
- Monthly
Distribution history
HYBI Risk
- 3.4%
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.
- −0.01
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
0.72%
HYBI0.72%
- The middle half of US High Yield funds
- Median 0.43%
76 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- CFLXNHorizon Flexible Income ETFExpense ratio 0.80%1 year return +5.6%
- CGBHIGabelli ETFs Trust - Gabelli High Income ETFExpense ratio 0.56%1 year return —
- CHYTRCounterpoint High Yield Trend ETFExpense ratio 1.00%1 year return +1.5%
- CBNDSInfrastructure Capital Bond Income ETFExpense ratio 0.88%1 year return +3.8%
- CCPHYF/m Compoundr High Yield Bond ETFExpense ratio 0.35%1 year return +1.4%