Neos Enhanced Income Cash Alternative ETF
$49.79−0.01 (−0.02%)
- 0.38%
- $2.0B
- +5.1%
- 4.81%
- 0.7M sh
- $49.79
- low $49.55high $49.93
The ETF.net CSHI Grade
A
Score 81 out of 100
- 1 of 52
Score 81 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A73 out of 100Rank 15 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A89 out of 100Rank 18 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A82 out of 100Rank 2 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A98 out of 100Rank 1 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B69 out of 100Rank 18 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A80 out of 100Rank 7 of 52
Our read on CSHI
AA T-bill sleeve with a side hustle. CSHI parks in 1-3 month Treasuries and sells S&P 500 index puts on top, paying monthly. In a peer group built on stocks plus options, it is the cash-first one.
The Fund seeks monthly income by investing in 1-3 month Treasury bills or related ETFs and using S&P 500 Index put options to generate additional income.
Why people hold it
- Charges 0.38% a year, below the 0.60% median for its options-income cohort and cheaper than buy-write mainstays like XYLD (0.60%).
- Two income engines: interest from 1-3 month Treasury bills, plus premium collected from selling S&P 500 index put options. Distributions land monthly.neosfunds.com
- Running since 2022, now a multi-billion-dollar fund that trades actively, and one of the strongest implementations in its peer group.
Worth knowing
- Selling index puts imports equity risk. A sharp S&P 500 drop can cost the options side money, so this moves less predictably than a plain Treasury bill fund.neosfunds.com
- Income is variable by design, riding short-term Treasury rates and option premium levels rather than a fixed coupon.
- Its cohort is mostly S&P 500 stock-plus-options funds, while CSHI's core is Treasuries. Side-by-side yield comparisons are not apples to apples.
CSHI Holdings
- Bonds
- 19
- 73%
- 912797VS3
Geography
- United States100.00%
CSHI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
CSHI$10,508
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CSHI |
|---|---|
| Year to date | +3.8% |
| 1 month | +0.3% |
| 3 months | +1.1% |
| 1 year | +5.1% |
| 3 years | +5.3% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CSHI |
|---|---|---|
| 2026 YTD | +3.8% | |
| 2025 | +5.0% | |
| 2024 | +5.6% | |
| 2023 | +6.2% | |
| 2022 | +1.5% |
CSHI in the news
CSHI Dividends
- 4.81%
- $2.40
- $0.21 per share
- Monthly
Distribution history
CSHI Risk
- 0.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 2.11
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CSHI Cost
0.38%
CSHI0.38%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
13 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- ABALIiShares U.S. Large Cap Premium Income Active ETFExpense ratio 0.35%1 year return +22.5%
- AIVVWiShares S&P 500 BuyWrite ETFExpense ratio 0.25%1 year return +18.9%
- AGPIXGoldman Sachs S&P 500 Premium Income ETFExpense ratio 0.35%1 year return +20.3%
- AXYLDGlobal X - S&P 500 Covered Call ETFExpense ratio 0.60%1 year return +19.9%
- AGQINatixis Gateway Quality Income ETFExpense ratio 0.34%1 year return +23.6%