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Launched · SEC filings

NEOS Ethereum High Income ETF

NEHICboeNeosCThis fund gets its cryptocurrency exposure through futures contracts rather than holding coins directly. Futures-based returns can differ from the spot price of the coin.

$27.75+0.23 (+0.84%)

As of Nov 2, 2026, 3:55 PM ET

C45/ 100

Rank 10 of 22 in Crypto Option Income

C45/100Rank 10 of 22inCrypto Option Income
Intraday session: up, 77 prints from 27.52 to 27.75. Range 27.62 to 28.19. Use the arrow keys to read each point.27.6028.0028.2010 AM12 PM2 PM4 PM
Expense ratio
0.98%
Fund size
$106M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
69.8K sh
52W range
low $22.86high $56.34
Launched
Filings
SEC EDGAR

The ETF.net NEHI Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Crypto Option Income⁠
Rank
10 of 22
Six-pillar profile for NEHI. Scores out of 100: Cost 31, Risk 48, Mission not scored, Tradability 70, Holdings 39, Durability 68. Strongest: Tradability (70). Weakest: Cost (31). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C 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.
    D31 out of 100
    Rank 15 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 14 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A70 out of 100
    Rank 5 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 13 of 14

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 9 of 22

Our read on NEHI

ETF.net Research

In short

CCrypto income shelves are stacked with Bitcoin. NEHI aims the same covered-call machinery at Ether: hold Ether-linked exchange-traded products, sell calls against them, convert part of the upside into monthly cash.

Stated mandate

The Fund seeks high monthly income and potential appreciation through ETPs with direct exposure to Ether, using a call-option strategy that converts part of potential Ether upside into current income.

Why people hold it

  • The Ether entry in a group built mostly on Bitcoin. Its highest-graded peers (SPBC, CEPI, BTCC, BAGY, DFII) all reference Bitcoin; NEHI's reference asset is Ether.
  • The mechanism is plain: own ETPs with direct Ether exposure, write calls on top, pay monthly. Upside is traded for current income by design, not by drift.
  • A registered 1940 Act fund, not a crypto account. Ether exposure arrives through an ETF ticker instead of wallets, keys or an exchange login.

Worth knowing

  • At 0.98%, the fee sits at the upper end of the crypto-income group, above the cohort's typical charge. Options overlays bill for the work.
  • Selling calls clips Ether's sharpest rallies while leaving downside largely intact. That asymmetry is the price of the income.
  • Launched December 2025, so the payout record is thin, and the fund discloses that monthly distributions can include return of capital.

NEHI Holdings

Holdings pillarD39 out of 100Rank 13 of 14 in Crypto Option Income
Asset class
Other
Holdings
5
Top-10 weight
119%
Largest holding
912797UM793.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1912797UM7United States Treasury Bill 11/05/202693.12%99,145,000$99.1M22
2ETHAiShares Ethereum Trust ETF19.05%402,139$20.3M7
3No dataEtha 01/15/2027 60 C3.18%17,247$3.38M1
4Cash&OtherCash & Other2.59%2,752,754$2.75M52
5912797WS2United States Treasury Bill 02/02/20271.30%1,400,000$1.39M10

Showing 1–5 of 5 holdings

NEHI Performance

Launched Dec 2, 2025

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.Not enough history yet.Not enough history yet.
NEHI$7,339
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. NEHI $7,339. SPY $11,169. Use the arrow keys to read each point.$6,000$8,000$10,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for NEHI. Periods over one year show the average yearly return.
PeriodNEHI
Year to date−26.6%
1 month−16.3%
3 months+12.5%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NEHI
YearReturn barNEHI
2026 YTD−26.6%
2025−3.0%

History from Dec 3, 2025

NEHI in the news

NEHI Dividends

Last payment
$0.76 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Dec 24, 2025 $1.41; Jan 21, 2026 $1.51; Feb 18, 2026 $0.91; Mar 18, 2026 $0.98; Apr 22, 2026 $0.98; May 20, 2026 $0.89; Jun 16, 2026 $0.69; Jul 22, 2026 $0.74; Aug 19, 2026 $0.72; Sep 16, 2026 $0.87; Oct 21, 2026 $0.76. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 21, 2026Oct 23, 2026$0.76
Sep 16, 2026Sep 18, 2026$0.87
Aug 19, 2026Aug 21, 2026$0.72
Jul 22, 2026Jul 24, 2026$0.74
Jun 16, 2026Jun 18, 2026$0.69
May 20, 2026May 22, 2026$0.89
Apr 22, 2026Apr 24, 2026$0.98
Mar 18, 2026Mar 20, 2026$0.98
Feb 18, 2026Feb 20, 2026$0.91
Jan 21, 2026Jan 23, 2026$1.51
Dec 24, 2025Dec 26, 2025$1.41

NEHI Risk

Risk pillarC48 out of 100Rank 14 of 22 in Crypto Option Income
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.46
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

NEHI Cost

Compare NEHI and BITA

Overpaying vs BITA, tied cheapest in Crypto Option Income

$5,645

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NEHI 0.98%

    $18,362

  • BITA 0.65% Tied cheapest

    $12,717

$10,000
30 years

Cost over time

  • NEHI 0.98%
  • BITA 0.65%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NEHI $18,362BITA $12,717

Year by year

YearNEHIBITAOverpaying
10$1,729$1,163$566
20$6,504$4,440$2,064
30$18,362$12,717$5,645

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