HYBI vs VYM
HYBI vs VYM
NEOS Enhanced Income Credit Select ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | HYBI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.04% | |
| AUM | $219M | $79.0B | |
| Dividend Yield | 8.33% | 2.86% | |
| Holdings | 10 | 568 | |
| YTD Return | +2.27% | +15.45% | |
| 1Y Return | +5.69% | +26.05% | |
| 3Y Return (annualized) | - | +17.96% | |
| 5Y Return (annualized) | - | +12.54% | |
| Volatility (annualized) | 3.1% | 14.6% | |
| Max Drawdown | -4.0% | -58.8% | |
| Fund Family | NEOS | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 30, 2024 | Nov 10, 2006 |
HYBI vs VYM Performance
NEOS Enhanced Income Credit Select ETF (HYBI) is a ETF from NEOS and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year HYBI returned +5.69% while VYM returned +26.05%. Year to date, HYBI is up 2.27% versus a gain of 15.45% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 3.1% for HYBI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.0% for HYBI and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYBI charges 0.68% per year while VYM charges 0.04%. On a $10,000 position that is $68 vs $4 annually, a gap of $64 per year that compounds over a long holding period. On income, HYBI currently yields 8.33% against 2.86% for VYM.
Holdings Overlap
HYBI and VYM share 0 holdings out of 560 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HYBI or VYM?
HYBI has an expense ratio of 0.68% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $64 per year of difference.
Which performed better, HYBI or VYM?
Over the past year HYBI returned +5.69% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), HYBI annualized +6.45% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, HYBI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.1% for HYBI. Worst drawdown: HYBI -4.0% vs VYM -58.8%.
Should I hold both HYBI and VYM?
HYBI and VYM have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HYBI and VYM?
HYBI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, HYBI or VYM?
HYBI yields 8.33% while VYM yields 2.86%, so HYBI currently pays the higher dividend yield.
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