Get the weekly note
ETFIQetfiq.com · independent ETF data

HYBI NEOS Enhanced Income Credit Select ETF

Covered call on HYG, paying monthly

Over the year to Sep 18, 2026, HYBI paid 8.6% in cash and finished 0.6 points ahead of HYG.

NEOS · Income ETFs · data as of

Key facts

8.6%Cash paid, 1 year, on its starting price
+3.2%Total return, 1 year
+0.6 ptsAgainst HYG
24.0%Return of capital, latest payout (NEOS estimate)

Method

ETFIQ Return Stability Score

56.765th of 173

HYBI paid 8.6% in cash. Its price fell 5.5%, so 64% of what you were paid came back out of your own capital.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −35.8 ptsMDST −28.6 ptsEIPI −26.8 ptsBLOX −26.6 ptsYQQQ −25.3 ptsULTY −24.3 ptsSLTY −22.7 ptsGDXY −21.4 ptsTDVI −20.9 ptsTOPW −19.8 ptsHIGH −18.8 ptsACKY −17.9 ptsYMAX −16.8 ptsHISF −16.4 ptsNDIV −16.4 ptsSDVD −16.4 ptsWEEI −15.8 ptsOARK −15.2 ptsFDND −14.1 ptsSCLZ −14.0 ptsLFGY −13.6 ptsXLRI −13.6 ptsTCAL −13.5 ptsQRMI −13.3 ptsSLJY −13.2 ptsYYY −13.2 ptsYFYA −13.1 ptsHIPS −12.8 ptsJULH −12.1 ptsRNTY −12.0 ptsXLKI −12.0 ptsXBTY −11.8 ptsQUSA −11.7 ptsJULJ −11.5 ptsLJUL −11.5 ptsJANJ −11.4 ptsLJAN −11.4 ptsFGSI −11.3 ptsLOCT −11.2 ptsQLDY −11.2 ptsOCTJ −11.1 ptsCVRD −11.0 ptsIWMY −10.9 ptsJUCY −10.9 ptsAPRJ −10.5 ptsLAPR −10.5 ptsXISE −10.5 ptsXIJN −10.3 ptsAPRH −10.1 ptsJANH −10.1 ptsXIDE −10.1 ptsXLEI −10.0 ptsOCTH −9.9 ptsJEPI −9.5 ptsAIPI −9.4 ptsMAGY −9.4 ptsBAGY −9.2 ptsXIMR −9.1 ptsSRHR −8.8 ptsBUYW −8.1 ptsRDVI −8.0 ptsIAUI −7.7 ptsOVLH −7.5 ptsVEGA −7.2 ptsXV −7.1 ptsYBTC −7.1 ptsFTHI −6.9 ptsBITY −6.7 ptsXLVI −6.7 ptsXRMI −6.3 ptsIGLD −6.2 ptsFEPI −6.1 ptsYLDE −6.0 ptsGPTY −5.7 ptsKHPI −5.5 ptsQQQI −5.3 ptsSPIN −5.2 ptsTYLG −5.2 ptsSPUT −5.1 ptsETCO −4.8 ptsWTPI −4.6 ptsCAIE −4.1 ptsIQQQ −4.1 ptsPAPI −3.8 ptsBIGY −3.6 ptsJEPQ −3.2 ptsXLBI −3.2 ptsISPY −3.1 ptsIWMW −3.0 ptsWEEL −2.3 ptsGIAX −2.1 ptsDIVO −2.0 ptsKNG −1.6 ptsQDTY −1.6 ptsDFII −1.5 ptsRDTY −1.5 ptsTSPY −1.5 ptsYMAG −1.5 ptsBTCC −1.4 ptsNBOS −1.4 ptsNIHI −1.4 ptsEGGY −1.2 ptsSPYI −1.2 ptsRYLD −1.1 ptsRYLG −1.0 ptsXDTE −1.0 ptsXPAY −0.9 ptsSDTY −0.8 ptsWDTE −0.8 ptsJOYT −0.7 ptsQDTE −0.7 ptsKGLD −0.6 ptsQQQY −0.6 ptsRDTE −0.6 ptsTHTA −0.6 ptsXLII −0.6 ptsFTKI −0.5 ptsGPIQ −0.4 ptsFTQI −0.3 ptsSIXH −0.3 ptsDJIA +0.2 ptsLTTI +0.2 ptsDYLG +0.3 ptsGPIX +0.4 ptsXLFI +0.4 ptsQYLG +0.5 ptsHYTI +0.6 ptsIVVW +0.6 ptsLQTI +0.6 ptsXYLG +0.7 ptsTDAQ +1.0 ptsIWMI +1.1 ptsQYLD +1.2 ptsCSHI +1.3 ptsTLTX +1.3 ptsXYLD +1.4 ptsHYGW +1.5 ptsHYBL +1.6 ptsBNDI +1.7 ptsOVS +1.7 ptsPBP +1.9 ptsTLTI +1.9 ptsXLUI +1.9 ptsBALI +2.0 ptsBTCI +2.0 ptsCHPY +2.3 ptsOVB +2.3 ptsOVT +2.3 ptsYBIT +2.3 ptsITWO +2.4 ptsOVL +2.6 ptsYETH +2.8 ptsOVM +2.9 ptsTLTP +3.0 ptsSOXY +3.5 ptsDUBS +3.7 ptsLQDW +3.8 ptsXLYI +4.1 ptsTLTW +4.2 ptsOVF +4.5 ptsDOGG +4.6 ptsOMAH +4.9 ptsIDVO +5.2 ptsSEPI +5.2 ptsBCCC +5.9 ptsCEPI +6.0 ptsIDUB +7.2 ptsXLCI +7.9 ptsBUCK +9.6 ptsUSOY +11.6 ptsXLSI +12.5 ptsKLIP +22.5 ptsHYBI +0.6 ptsHYBI +0.6 pts−35.8 pts+22.5 pts

73.7% of the 173 sit at or below HYBI on this measure.

What happened to the principal
ETCO −75.5%XBTY −74.1%YETH −66.4%YBTC −60.1%BTCC −59.1%YBIT −58.9%BAGY −57.9%ULTY −54.1%BITY −51.5%SLTY −51.5%BCCC −48.5%BTCI −47.0%LFGY −44.7%DFII −43.7%BLOX −40.9%YMAX −40.7%TOPW −37.7%OARK −34.0%GDXY −33.1%KLIP −32.5%YMAG −28.1%YQQQ −25.7%MAGY −25.3%IWMY −24.9%CEPI −22.5%RDTY −21.8%RDTE −21.4%QLDY −20.3%QDTE −19.2%TLTX −18.5%EGGY −16.2%XLYI −15.5%ACKY −15.1%WDTE −14.8%QDTY −14.0%AIPI −13.8%TLTP −13.4%XDTE −13.4%QQQY −13.2%LTTI −12.6%XLUI −11.3%QUSA −11.0%SDTY −10.8%GIAX −10.5%FEPI −10.0%TLTW −9.9%LQTI −9.7%XLRI −9.4%TLTI −9.1%LQDW −8.8%XLCI −8.8%XV −8.8%YYY −8.8%TCAL −8.6%HIGH −8.3%FDND −8.2%GPTY −8.1%IGLD −7.9%RNTY −7.3%HIPS −7.0%HYTI −6.8%XLSI −6.5%OMAH −6.3%XLBI −6.3%IWMW −6.2%XLFI −6.2%HYGW −6.0%XPAY −5.8%OVB −5.0%BNDI −4.9%USOY −4.8%HISF −4.7%OVT −4.3%QRMI −3.8%OVM −3.6%FGSI −3.2%HYBL −2.8%CAIE −2.5%JUCY −2.5%XRMI −2.4%BUCK −2.2%CVRD −2.2%MLPD −2.1%IAUI −2.0%IVVW −2.0%YFYA −1.7%JEPI −1.2%XLII −1.2%XIJN −0.9%WTPI −0.8%JULJ −0.6%XISE −0.6%CSHI −0.4%JULH −0.4%KNG −0.4%BIGY −0.3%LJUL −0.3%QQQI −0.1%TSPY −0.1%JANH 0.0%JANJ 0.0%LAPR 0.0%OCTH 0.0%XIDE 0.0%APRJ +0.1%LJAN +0.1%LOCT +0.1%OCTJ +0.1%APRH +0.3%FTHI +0.3%XIMR +0.5%WEEL +0.7%SRHR +1.0%SDVD +1.2%SPYI +1.2%IWMI +1.3%KHPI +1.5%BUYW +2.1%DJIA +2.4%QYLG +2.4%XYLG +2.6%YLDE +2.6%NIHI +2.8%RYLD +2.9%KGLD +3.4%TDAQ +3.4%DYLG +3.5%FTKI +3.8%XLVI +4.0%SCLZ +4.1%THTA +4.1%RYLG +4.2%PAPI +4.5%XLKI +4.6%PBP +5.5%JEPQ +5.7%SPIN +5.8%XYLD +5.9%NBOS +6.0%SPUT +6.0%DIVO +7.3%GPIX +7.4%ISPY +7.6%DOGG +8.0%FTQI +8.0%MDST +8.2%TDVI +8.2%OVF +8.3%OVS +8.5%OVLH +8.8%VEGA +8.9%QYLD +9.1%BALI +9.2%GPIQ +9.3%OVL +9.4%RDVI +9.6%ITWO +10.5%IQQQ +10.8%SLJY +12.3%EIPI +12.8%XLEI +12.8%SEPI +13.4%SIXH +14.1%IDVO +14.4%JOYT +15.2%WEEI +17.3%IDUB +17.4%DUBS +17.6%NDIV +20.4%CHPY +20.6%TYLG +20.6%SOXY +64.1%HYBI −5.5%HYBI −5.5%−75.5%+64.1%

39.6% of the 173 sit at or below HYBI on this measure.

Weighted evenly, those two positions are what the score combines, across the 173 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark+0.6 pts73.750%
what happened to the principal−5.5%39.650%

All income ETFs ranked by this score · How it is computed

4th of 4 income ETFs writing on HYG, by return against it 74th of 369 income ETFs by net assets

What a holder got

HYBI against HYGHYBI returned +3.2% with distributions reinvested against +2.6% for US high yield bonds (HYG), used as the proxy, a gap of +0.6 pts. Of that, 8.6% arrived as cash rather than price.+3.2%HYBI total return+2.6%US high yield bonds (HYG), used as the proxy8.6% of it arrived as cash

Over the year to Sep 18, 2026, HYBI returned +3.2% with distributions reinvested and US high yield bonds (HYG), used as the proxy returned +2.6%, so a holder came out ahead of it by 0.6 points. The lighter segment is the 8.6% that arrived as cash rather than as price.

Method

Period by period

HYBI over each window to Sep 18, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnHYGAhead or behind
3 months2.0%−2.1%−0.1%−0.4%+0.3 pts
6 months4.0%−2.1%+1.9%+2.5%−0.6 pts
1 year8.6%−5.5%+3.2%+2.6%+0.6 pts
Since launch16.0%−8.3%+8.4%+9.9%−1.6 pts

Method

When HYBI pays

HYBI pays monthly. The last distribution was $0.3277 a share, which went ex on Sep 9, 2026 and was paid on Sep 11, 2026. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Oct 7, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for HYBI. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Oct 7, 2026Oct 9, 2026$0.3277ETFIQ projection
Every distribution ETFIQ holds for HYBI (13, most recent first)
Cash distributions per share for HYBI. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 9, 2026$0.3277
Aug 12, 2026$0.3291
Jul 15, 2026$0.3298
Jun 10, 2026$0.3299
May 13, 2026$0.3329
Apr 15, 2026$0.3338
Mar 11, 2026$0.3345
Feb 11, 2026$0.3379
Jan 14, 2026$0.3386
Dec 24, 2025$0.3382
Nov 26, 2025$0.3374
Oct 22, 2025$0.3447
Sep 24, 2025$0.3577

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Sep 30, 2024, HYBI has returned +8.4% with distributions reinvested, against +9.9% for US high yield bonds (HYG), used as the proxy, and has paid out 16.0% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 8.2%. NEOS estimates that 24% of the distribution paid Sep 11, 2026 was a return of capital. That is the issuer’s own Rule 19a-1 estimate and a tax characterization, made before the fund year closes: it says the payment included money the fund gave back rather than earned, not that the fund is eroding.

HYBI (NEOS Enhanced Income Credit Select ETF), income ETFs fields as of Sep 18, 2026. Source: ETFIQ.
Strategycovered call
BenchmarkUS high yield bonds (HYG), used as the proxy (proxy)
Paysmonthly
Net assets (issuer page, as of Sep 18, 2026)$222m
Latest payout, annualized (ETFIQ)8.2%
Expense rationot read by ETFIQ
Cash paid, last 12 months, over today’s price (ETFIQ)9.1%
LaunchedSep 30, 2024
Return of capital, latest distribution (NEOS 19a-1 estimate)24.0%
Paysmonthly
Typical gap between ex-dates28 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.3277 ex Sep 9, 2026
Sum of the last 12 distributions$4.0145

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has HYBI paid over the last year?
Over the year to Sep 18, 2026, HYBI paid 8.6% of its starting price in cash distributions, while the price fell 5.5%.
Is HYBI ahead of HYG?
Over the year to Sep 18, 2026, with every distribution reinvested, HYBI returned +3.2% against +2.6% for US high yield bonds (HYG), used as the proxy, so a holder was ahead of it by 0.6 points.
How often does HYBI pay, and how much?
HYBI pays monthly. The latest distribution annualizes to 8.2% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
Is the HYBI distribution return of capital?
NEOS estimates 24% of the distribution paid Sep 11, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does HYBI next pay a distribution?
HYBI pays monthly. The last distribution went ex on Sep 9, 2026 at $0.3277 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Oct 7, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Compare HYBI

Also against HYGM, HYGW, HYTI, LQDM, LQDW, LQTI, LTTI, TLTI, TLTP, TLTW, TLTX, TSYW.

Funds near this one

Put this on your own page

The payout bar for HYBI, redrawn every trading night. Free to use with the credit link.

HYBI payout bar, ETFIQ

Copy the embed code
<a href="https://etfiq.com/funds/hybi"><img src="https://etfiq.com/embed/income/hybi.svg" alt="HYBI payout bar, ETFIQ" width="640"></a>
<p><a href="https://etfiq.com/funds/hybi">HYBI payout bar, updated daily by ETFIQ</a></p>

Where HYBI is written about

HYBI, Income ETFs, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open HYBI live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, HYBI, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/hybi Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources