NUSI — NEOS Nasdaq-100 Hedged Equity Income ETF

NUSI Price Performance — Growth of $10,000

Value of a $10,000 investment in NUSI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

NUSI Drawdown

The "underwater" chart: NUSI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The NEOS Nasdaq-100 Hedged Equity Income ETF (NUSI) is a Covered Call / Income fund issued by Neos Funds with $324 million in assets under management. Currently trading at $54.42, the fund holds an overall rank of #350 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 53.3 out of 100. It charges an expense ratio of 0.68% while offering a dividend yield of 7.61%, positioning it as a higher-yielding option within its category of 10 tracked funds. The asset size of $324 million suggests moderate investor adoption relative to the broader market, though the specific ranking indicates it trails many peers in the overall universe. This combination of a mid-tier grade and a yield significantly above the average for many equity funds defines its current market profile. The fund's classification as a Covered Call / Income strategy aligns with its objective to generate income through hedged equity exposure. Its position among 10 category peers places it in the middle of the pack regarding specific strategy selection.

Over the short term, the fund experienced declines with a one-day return of -0.74%, a one-week drop of -2.25%, and a one-month loss of -1.80%. However, the trend shifted to positive territory over longer horizons, recording a 3-month return of +3.60% and a 6-month gain of +4.45%. Year-to-date performance stands at +5.09%, while the one-year return is +12.59%, indicating a recovery and acceleration after the initial short-term weakness. Data for the three-year period is not available, leaving the long-term trend incomplete. The divergence between the negative one-month figure and the positive one-year figure highlights a recent period of volatility followed by a sustained recovery. This pattern suggests that while recent market conditions may have pressured the fund, the longer-term trajectory has remained constructive.

NUSI carries a volatility label of Low and a beta of 0.70, indicating that the fund has historically moved less than the broader market and exhibits lower price fluctuations. The Sharpe ratio of 0.68 suggests the fund has generated a moderate amount of excess return per unit of risk taken over the measured period. Despite the low volatility classification, the fund experienced a maximum drawdown of -15.18%, representing the largest peak-to-trough decline recorded. This combination of a low beta and a specific drawdown figure implies that while the fund generally dampens market swings, it is still subject to significant downside events during severe market corrections. The risk profile reflects a strategy that seeks to limit volatility through hedging while accepting occasional sharp declines. Investors should note that the low beta does not eliminate the possibility of substantial temporary losses as evidenced by the drawdown metric.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.61% (as of 2026-07-28) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.21 (as of 2026-07-28) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

NUSI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 35K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $324M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: NUSI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

NUSI Performance History

How NUSI Compares to Other Covered Call / Income ETFs