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NLSIvsHYLSETF Comparison

ETF 1

NLSI

NEOS Long/Short Equity Income ETF

This fund is part of

Alternatives

-0.45%

Full NLSI fund page

VS

ETF 2

HYLS

First Trust Tactical High Yield ETF

This fund is part of

Alternatives

-0.45%

Full HYLS fund page

NEOS Long/Short Equity Income ETF (NLSI) and First Trust Tactical High Yield ETF (HYLS) belong to the same industry segment: Alternatives. NLSI's top 3 sector exposures are Technology, Energy and Healthcare. In contrast, HYLS's top sector exposures are Insurance and reinsurance, Media and It services and computer programming. NLSI is more expensive with a Total Expense Ratio (TER) of 2.89%, versus 0.69% for HYLS. NLSI is up 4.89% year-to-date (YTD) with -$2M in YTD flows. HYLS performs worse with 2.65% YTD performance, and -$104M in YTD flows. Run a side-by-side ETF comparison of NLSI and HYLS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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NLSI vs HYLS performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NLSI HYLS	+5.01%+0.25%	+13.91%+2.12%	+4.89%+2.65%	n/a+5.75%	n/a+19.54%	n/a+10.36%
Flows	NLSI HYLS	-$2M-$24M	+$978K-$10M	-$2M-$104M	--$2M	-+$46M	--$345M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NLSI HYLS	+20.42%+2.84%	n/a+2.78%	n/a+3.67%	n/a+5.17%
Max drawdown	NLSI HYLS	-8.03%-0.66%	n/a-2.22%	n/a-3.70%	n/a-16.13%
Max drawdown duration	NLSI HYLS	46d30d	n/a84d	n/a60d	n/a1066d

Trading data

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	NLSI	HYLS
Last sale 7/17/2026 at 1:30 PM		$40.90
Previous close 07/16/2026		$40.78
Consolidated volume 07/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 7/17/2026 at 1:30 PM

Live

Closed

	NLSI	HYLS
Last price	–	$40.90
1D performance	–	+0.29%
AuM	$3.13 M	$1.63 B
E/R	2.89%	0.69%

Characteristics

	NLSI	HYLS
Management strategy	Active	Active
Provider	NEOS Investment Management	First Trust
Benchmark	-	-
N° of holdings	60	160
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	December 10, 2025	February 25, 2013
ESG	No	No

More NLSI data on Trackinsight

More HYLS data on Trackinsight

Exposure

Countries

NLSI

USA

63.6%

Other

36.4%

HYLS

USA

49.49%

Other

50.51%

Sectors

NLSI

Technology

40.06%

Energy

20.08%

Healthcare

17.79%

Business Services

7.23%

Finance

7.14%

Other

7.7%

HYLS

Other

100%

Diversification

NLSI

Total weight of top 15 holdings out of 15

72.85%

HYLS

Total weight of top 15 holdings out of 15

17.06%

Top 15 holdings

Data as of May 31, 2026

NLSI

Micron Technology, Inc.

13.85%

Centene Corp.

6.25%

F5, Inc.

4.67%

NXP Semiconductors NV

4.48%

Amphenol Corp.

4.37%

Insulet Corp.

4.05%

Las Vegas Sands Corp.

4.04%

Super Micro Computer, Inc.

4.01%

DexCom, Inc.

3.99%

GoDaddy, Inc.

3.96%

Broadridge Financial Solutions, Inc.

3.95%

Tyler Technologies, Inc.

3.86%

Willis Towers Watson Plc

3.84%

Marathon Petroleum Corp.

3.81%

General Dynamics Corp.

3.72%

HYLS

US77311WAB72

1.54%

1011778 B.C., 4% 15oct2030, USD

1.47%

Baldwin Insurance Group LLC, 7.125% 15may2031, USD

1.33%

United Rentals (North America), 6% 15dec2029, USD

1.27%

US74825NAA54

1.19%

DISH Network, 11.75% 15nov2027, USD

1.08%

Quikrete Holdings, 6.75% 1mar2033, USD

1.07%

US303250AG98

1.07%

Alliant Holdings Intermediate, 6.75% 15apr2028, USD

1.07%

Cloud Software Group, 9% 30sep2029, USD

1.03%

Viking Ocean Cruises Ship VII, 5.625% 15feb2029, USD

1.03%

US12008RAT41

1.02%

EchoStar, 10.75% 30nov2029, USD

1.00%

ARDONAGH FINCO LIMITED, 7.75% 15feb2031, USD

0.96%

RP Escrow Issuer, 7.125% 1jun2031, USD

0.93%

Frequently asked questions about NLSI and HYLS

How have the NLSI and HYLS ETFs performed in 2026?

As of July 17, 2026, NLSI is up 4.89% year-to-date (YTD), while HYLS has returned 2.65%. That puts NLSI better performer ahead so far this year.

Which ETF is attracting more investor money: NLSI or HYLS?

Year-to-date, the NLSI ETF saw -$2M in flows, compared to -$104M for HYLS.

Which ETF is bigger: NLSI or HYLS?

As of July 17, 2026, NLSI holds $3.13 M in assets under management (AUM), while HYLS manages $1.63 B.

What are the top holdings of the NLSI ETF and HYLS ETF?

NLSI top holdings include Micron Technology, Inc., Centene Corp. and F5, Inc.. HYLS holds in its top three: US77311WAB72, 1011778 B.C., 4% 15oct2030, USD and Baldwin Insurance Group LLC, 7.125% 15may2031, USD.

NLSIvsHYLSETF Comparison

NEOS Long/Short Equity Income ETF

First Trust Tactical High Yield ETF

NLSI vs HYLS performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the NLSI and HYLS ETFs performed in 2026?

As of July 17, 2026, NLSI is up 4.89% year-to-date (YTD), while HYLS has returned 2.65%. That puts NLSI better performer ahead so far this year.

Which ETF is attracting more investor money: NLSI or HYLS?

Year-to-date, the NLSI ETF saw -$2M in flows, compared to -$104M for HYLS.

Which ETF is bigger: NLSI or HYLS?

As of July 17, 2026, NLSI holds $3.13 M in assets under management (AUM), while HYLS manages $1.63 B.

What are the top holdings of the NLSI ETF and HYLS ETF?

NLSI top holdings include Micron Technology, Inc., Centene Corp. and F5, Inc.. HYLS holds in its top three: US77311WAB72, 1011778 B.C., 4% 15oct2030, USD and Baldwin Insurance Group LLC, 7.125% 15may2031, USD.

Which ETF is more diversified: NLSI or HYLS?

NLSI holds 60 securities with 72.85% of its assets in the top 15. HYLS has 241 securities and a top 15 weight of 17.06%.

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