NEOS Enhanced Income Credit Select ETF
The ETF.net HYBI Grade
C
Score 49 out of 100
- 58 of 85
Score 49 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.F12 out of 100Rank 75 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A80 out of 100Rank 50 of 77Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 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 18 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F22 out of 100Rank 78 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 43 of 85
Our read on HYBI
In short
CHigh-yield bond fund with an equity-options engine bolted on: HYBI owns credit through other bond ETFs, then sells S&P 500 index put spreads for extra monthly income taxed under the 60/40 rules for 1256 contracts.
Stated mandate
The Fund seeks total return from income and capital appreciation while providing tax-efficient monthly income.
Why people hold it
Worth knowing
HYBI Holdings
- Bonds
- 6
- 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%
Geography
- United States100.00%
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$10,334
Returns run to the Oct 30, 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 | +2.0% |
| 1 month | +0.3% |
| 3 months | 0.0% |
| 1 year | +3.3% |
| 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 | +2.0% | |
| 2025 | +7.0% | |
| 2024 | −0.5% |
HYBI in the news
HYBI Dividends
- 8.32%
- $3.99
- $0.32 per share
- Monthly
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.
- −0.01
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.
FMP measures it over up to five years of monthly returns.
HYBI Cost
Overpaying vs SCYB, cheapest in US High Yield
$12,614
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
HYBI 0.68%
$13,252
SCYB 0.03% Cheapest
$638
Cost over time
Year by year
| Year | HYBI | SCYB | Overpaying |
|---|---|---|---|
| 10 | $1,215 | $55 | $1,160 |
| 20 | $4,633 | $216 | $4,417 |
| 30 | $13,252 | $638 | $12,614 |
You pay 0.68%Waived by Neos 0.04%
Full fee 0.72% waiver 0.04% you pay 0.68%
Other funds in US High Yield
- CFSYDFidelity Sustainable High Yield ETFExpense ratio 0.55%1 year return +2.1%
- CAOHYAngel Oak High Yield Opportunities ETFExpense ratio 0.55%1 year return +3.0%
- CIQHINYLI MacKay High Income ETFExpense ratio 0.41%1 year return +2.3%
- COBNDState Street Loomis Sayles Opportunistic Bond ETFExpense ratio 0.55%1 year return +1.2%
- CHYZDWisdomTree Interest Rate Hedged High Yield Bond FundExpense ratio 0.43%1 year return +5.1%
