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