NLSI vs VYM
NEOS Long/Short Equity Income ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | NLSI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 2.89% | 0.04% | |
| AUM | $3M | $81.6B | |
| Dividend Yield | 3.71% | 2.24% | |
| Holdings | 67 | 616 | |
| YTD Return | +11.96% | +14.66% | |
| 1Y Return | - | +22.16% | |
| 3Y Return (annualized) | - | +18.72% | |
| 5Y Return (annualized) | - | +12.18% | |
| Volatility (annualized) | - | 14.6% | |
| Max Drawdown | -15.0% | -58.8% | |
| Fund Family | NEOS | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 10, 2025 | Nov 10, 2006 |
NLSI vs VYM Performance
NEOS Long/Short Equity Income ETF (NLSI) is a ETF from NEOS and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Year to date, NLSI is up 11.96% versus a gain of 14.66% for VYM.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -15.0% for NLSI and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
NLSI charges 2.89% per year while VYM charges 0.04%. On a $10,000 position that is $289 vs $4 annually, a gap of $285 per year that compounds over a long holding period. On income, NLSI currently yields 3.71% against 2.24% for VYM.
Holdings Overlap
NLSI and VYM share 25 holdings out of 638 unique holdings combined, representing a 3.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NLSI or VYM?
NLSI has an expense ratio of 2.89% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $285 per year of difference.
What is the holdings overlap between NLSI and VYM?
NLSI and VYM share 25 common holdings with a 3.9% weight overlap. Combined, they hold 638 unique securities.
Which pays a higher dividend, NLSI or VYM?
NLSI yields 3.71% while VYM yields 2.24%, so NLSI currently pays the higher dividend yield.
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