HYBI vs SLX
Comparison between NEOS ENHANCED INCOME CREDIT SELECT ETF (HYBI, ETF) and VANECK STEEL ETF (SLX, ETF).
HYBI vs SLX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HYBI
$226M
SLX
$224M
Expense Ratio
HYBI
0.68%
Winner
SLX
0.55%
Max Drawdown
Winner
HYBI
7.56%
SLX
85.83%
Sharpe Ratio
HYBI
1.01
Winner
SLX
2.19
5Y Beta
Winner
HYBI
0.24
SLX
1.09
P/E Ratio
HYBI
N/A
SLX
12.33
Forward P/E
HYBI
N/A
SLX
13.16
PEG Ratio
HYBI
N/A
SLX
0.09
5Y Dividends CAGR
HYBI
N/A
SLX
9.75%
5Y EPS CAGR
HYBI
N/A
SLX
18.10%
Debt to Equity
HYBI
N/A
SLX
31.44%
P/S Ratio
HYBI
N/A
SLX
0.00
P/B Ratio
HYBI
N/A
SLX
1.59
HYBI vs SLX - Historical Returns
Returns include dividend reinvestment.
1M
HYBI
+0.41%
Winner
SLX
+2.91%
3M
HYBI
+1.73%
Winner
SLX
+22.87%
6M
HYBI
+2.35%
Winner
SLX
+32.19%
1Y
HYBI
+7.21%
Winner
SLX
+73.52%
5Y(CAGR)
HYBI
N/A
SLX
+15.73%
10Y(CAGR)
HYBI
N/A
SLX
+19.57%
Max(CAGR)
HYBI
+4.84%
Winner
SLX
+8.24%
HYBI vs SLX - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | HYBI | SLX |
|---|---|---|
| 2026 | +1.68% | +28.28% |
| 2025 | +6.71% | +48.28% |
| 2024 | -0.48% | -17.15% |
| 2023 | N/A | +33.22% |
| 2022 | N/A | +14.39% |
| 2021 | N/A | +25.29% |
| 2020 | N/A | +19.62% |
| 2019 | N/A | +10.56% |
| 2018 | N/A | -22.43% |
| 2017 | N/A | +20.83% |
| 2016 | N/A | +99.31% |
| 2015 | N/A | -41.29% |
| 2014 | N/A | -24.86% |
| 2013 | N/A | +0.46% |
| 2012 | N/A | -1.01% |
| 2011 | N/A | -34.07% |
| 2010 | N/A | +14.62% |
| 2009 | N/A | +97.11% |
| 2008 | N/A | -63.20% |
| 2007 | N/A | +89.41% |
| 2006 | N/A | +10.38% |
HYBI vs SLX Drawdown Comparison
The maximum drawdown for HYBI was -4.68%, occurring on Apr 8, 2025. Recovery took 79 trading sessions.
The maximum drawdown for SLX was -82.16%, occurring on Jan 25, 2016. Recovery took 3699 trading sessions.
The current HYBI drawdown is -0.04%. The current SLX drawdown is -2.39%.
| Rank | HYBI | SLX |
|---|---|---|
| #1 | -4.68% Feb 26, 2025 - Jun 20, 2025 | -82.16% May 16, 2008 - Jan 26, 2023 |
| #2 | -1.89% Dec 6, 2024 - Feb 14, 2025 | -27.39% Dec 27, 2023 - Jul 22, 2025 |
| #3 | -1.43% Feb 20, 2026 - Apr 14, 2026 | -23.74% Jul 12, 2007 - Sep 18, 2007 |
| #4 | -1.21% Oct 6, 2025 - Oct 24, 2025 | -21.19% Dec 10, 2007 - Feb 22, 2008 |
| #5 | -1.14% Sep 30, 2024 - Nov 7, 2024 | -20.93% Mar 3, 2023 - Jul 25, 2023 |
| #6 | -1.06% Oct 27, 2025 - Nov 28, 2025 | -16.35% Feb 11, 2026 - Apr 22, 2026 |
| #7 | -0.97% May 6, 2026 - May 29, 2026 | -15.61% Jul 25, 2023 - Dec 1, 2023 |
| #8 | -0.91% Jun 2, 2026 - Jun 10, 2026 | -12.00% Oct 29, 2007 - Dec 7, 2007 |
| #9 | -0.76% Nov 8, 2024 - Nov 29, 2024 | -11.43% Feb 28, 2008 - Apr 4, 2008 |
| #10 | -0.59% Jul 2, 2025 - Jul 21, 2025 | -10.12% Feb 26, 2007 - Mar 21, 2007 |
| #11 | -0.48% Apr 17, 2026 - May 6, 2026 | -10.02% Jul 23, 2025 - Oct 3, 2025 |
| #12 | -0.47% Aug 13, 2025 - Aug 22, 2025 | -8.24% Jun 2, 2026 - Jun 10, 2026 |
| #13 | -0.44% Jan 16, 2026 - Jan 22, 2026 | -7.05% Dec 5, 2006 - Jan 23, 2007 |
| #14 | -0.38% Feb 2, 2026 - Feb 6, 2026 | -6.54% Jun 1, 2007 - Jul 2, 2007 |
| #15 | -0.38% Sep 22, 2025 - Oct 1, 2025 | -6.37% Feb 1, 2023 - Mar 2, 2023 |
Correlation
Correlation between HYBI and SLX is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2006 - 2026)
HYBI vs SLX dividend yield comparison.
| Year | HYBI | SLX |
|---|---|---|
| 2026 | 4.08% | 0.00% |
| 2025 | 8.48% | 1.55% |
| 2024 | 2.21% | 3.56% |
| 2023 | 0.00% | 2.80% |
| 2022 | 0.00% | 4.97% |
| 2021 | 0.00% | 7.07% |
| 2020 | 0.00% | 1.87% |
| 2019 | 0.00% | 3.44% |
| 2018 | 0.00% | 6.26% |
| 2017 | 0.00% | 2.50% |
| 2016 | 0.00% | 1.06% |
| 2015 | 0.00% | 5.35% |
| 2014 | 0.00% | 3.27% |
| 2013 | 0.00% | 1.98% |
| 2012 | 0.00% | 2.21% |
| 2011 | 0.00% | 2.40% |
| 2010 | 0.00% | 1.41% |
| 2009 | 0.00% | 1.60% |
| 2008 | 0.00% | 4.61% |
| 2007 | 0.00% | 0.57% |
| 2006 | 0.00% | 0.31% |
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