CSHI vs MRSK

CSHIANeos Enhanced Income Cash Alternative ETF

MRSKFToews Agility Shares Managed Risk ETF

In short

CSHI A 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.

MRSK Most options-income funds just sell calls on stocks. MRSK runs two engines: S&P 500 exposure plus options on one side, Treasuries and Treasury futures on the other, chasing income and growth while trying to limit the damage.

Stated mandate

CSHI 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.

MRSK The Fund seeks income and long-term capital growth while limiting risk. It combines an equity-market strategy using S&P 500 exposure and options with a fixed-income strategy using U.S. Treasury securities and related futures.

Why people hold it

• CSHI 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.

• MRSK Two sleeves, one ticker: an S&P 500 equity-and-options book paired with U.S. Treasuries and Treasury futures, aimed at income and long-term growth while limiting risk.
• Live since 2020, so there's a multi-year record across real market stress to examine, not a backtest.
• Actively run with the S&P 500 as its reference point, so the manager sets the stock, options and bond mix instead of following a fixed overlay rule.

Worth knowing

• CSHI 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.

• MRSK At 0.98%, it costs more than the typical fund in its options-income group, and more than same-benchmark peers such as NBOS (0.59%) and SIXH (0.73%).
• Thinly traded next to the category's heavyweights, so spreads can be wider and larger orders need more care at the point of execution.
• Distributions land annually or semiannually rather than monthly, so the cash flow is lumpier than in most income-focused peers.

Full CSHI profile⁠

Full MRSK profile⁠