Data as of Oct 28, 2026.
HYBI vs JNK: Differences, Returns & Fees
Over the year to Oct 28, 2026, HYBI returned +3.0% to JNK's +1.7%, and JNK charges 0.40% to HYBI's 0.68%.
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Net assets on Oct 27, 2026: $218m for NEOS Enhanced Income Credit Select ETF and $5.9bn for State Street SPDR Bloomberg High Yield Bond ETF.
Pair scorecard
JNK costs 0.28 points a year less; their one-year returns differ by 1.3 points; JNK is far larger, $5.9bn against $218m.
| Measure | HYBI | JNK |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.0% | +1.7% |
| Price change, 1 year | fell 4.9% | fell 4.8% |
| Latest payout, annualized | 8.1% | |
| Return of capital, issuer estimate | 66% of the Oct 16, 2026 payment | |
| Benchmark | ||
| What it tracks | Benchmark: State Street SPDR Bloomberg High Yield Bond ETF, measured through JNK | Bloomberg High Yield Very Liquid Index |
| Cost and size | ||
| Expense ratio | 0.68% | 0.40% |
| Net assets, as of Oct 27, 2026 | $218m | $5.9bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Oct 11, 2024 to Oct 23, 2026 · 106 weekly returnsEach against its own benchmark: HYBI against JNK, Oct 11, 2024 to Oct 23, 2026; JNK against AGG, Dec 14, 2007 to Oct 23, 2026.
HYBI and JNK returned about the same: +9.0% and +9.1%. HYBI swung less: 3.6% to 4.4%. JNK fell slightly less at its worst: −3.8% to −4.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | HYBI | JNK | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +9.0% | +9.1% | Tie | Price change plus distributions, reinvested. |
| Annualized | +4.3% | +4.4% | Tie | Total return as a yearly rate. |
| Price return | −8.4% | −4.4% | JNK | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 3.6% | 4.4% | HYBI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 2.8% | 3.1% | HYBI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −4.0% | −3.8% | JNK (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 81.2% | 54.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 78.0% | 35.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.76 | 1.16 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.84 | 0.24 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.07 | 0.07 | JNK (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.09 | 0.10 | JNK (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.003 | 0.035 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.08 | 1.14 | JNK (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | JNK | AGG | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | +2.4% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.01 | 0.94 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −2.0% to +2.1% | −2.6% to +7.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.04 | 0.24 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.8% | 11.1% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 106 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HYBI and JNK hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
HYBI and JNK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
HYBI and JNK do different jobs. What does each one do in a portfolio?
- What each follows. HYBI is measured against State Street SPDR Bloomberg High Yield Bond ETF through JNK and JNK follows Bloomberg High Yield Very Liquid Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026 and Oct 27, 2026).
- Cost. HYBI charges 0.68% of assets a year and JNK 0.40%, a gap of 0.28 points.
Data as of Oct 28, 2026.
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HYBI
Over the year to Oct 28, 2026, HYBI paid 7.9% of its starting value in cash distributions while its price fell 4.9%. With every distribution reinvested, the fund returned +3.0%. State Street SPDR Bloomberg High Yield Bond ETF (JNK) returned +1.7% over the same days, so a holder was ahead by 1.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 8.1%, paid monthly. NEOS estimates that 66% of the distribution paid Oct 16, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
JNK
JNK tracks the Bloomberg High Yield Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.40% a year.
Questions people ask
- Are HYBI and JNK in the same category?
- HYBI is an option-income ETF and JNK is a bond ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, HYBI or JNK?
- In the year to Oct 28, 2026, with distributions reinvested, HYBI returned +3.0% and JNK +1.7%.
- Which is cheaper, HYBI or JNK?
- JNK is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, HYBI against JNK, data as of Oct 28, 2026. https://etfiq.com/compare/any/hybi-vs-jnk
ETFIQ. (Oct 28, 2026). HYBI against JNK. Retrieved from https://etfiq.com/compare/any/hybi-vs-jnk
[HYBI against JNK (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hybi-vs-jnk)
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