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CSHI vs SDTY

Neos Enhanced Income Cash Alternative ETF

CSHIANYSE Arca

YieldMax S&P 500 0DTE Covered Call Strategy ETF

SDTYDNasdaq

Overlap

Expense ratio

CSHI −0.70pt a year

CSHI0.38%SDTY1.08%

Avg volume · 30D

CSHI 60.9×the volume

CSHI712KSDTY11.7K

CSHI vs SDTY Performance

Oct 31, 2025 – Oct 30, 2026

+4.8%CSHI+12.8%SDTY

Oct 31, 2025 to Oct 30, 2026. CSHI +4.8%. SDTY +12.8%. Use the arrow keys to read each point.−5%0%10%15%Oct 2025Apr 2026Oct 2026
Expense ratio
CSHI 0.38%, better
SDTY 1.08%
Fund size
CSHI $2.12B
SDTY $41M
1Y total return
CSHI +4.8%
SDTY +12.8%, better
Yield (12M)
CSHI 4.82%
SDTY 28.93%, better
Holdings
CSHI 20
SDTY 6
Avg volume (30D)
CSHI 712K sh, better
SDTY 11.7K sh
NAV per share
CSHI $49.67
SDTY $39.54
52W range

ETF.net Grade

CSHI: Cost 75, Risk 84, Mission 92, Tradability 98, Holdings 69, Durability 80. SDTY: Cost 2, Risk 38, Mission 83, Tradability 20, Holdings not scored, Durability 38.
Pillar letters and Scores for CSHI, SDTY, with each pillar’s weight
PillarCSHISDTY
Cost30% weightA75HigherF2
Mission25% weightA92HigherA83
Risk15% weightA84HigherD38
Tradability15% weightA98HigherF20
Holdings10% weightB69Not scored
Durability5% weightA80HigherD38

Rank among S&P 500 Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CSHI and SDTY are both graded against the same 51 S&P 500 Option Income funds, so their Grades compare head to head.

S&P 500 Option Income⁠

Category · 51 funds
See all 51 ›

CSHI ranks 1st and SDTY 46th of 51 funds in the S&P 500 Option Income Category.

  1. Rank 1ACSHINeos Enhanced Income Cash Alternative ETFScore 83
  2. Rank 2ABALIiShares U.S. Large Cap Premium Income Active ETFScore 81
  3. Rank 46DFGSIFT Vest Growth Strength & Target Income ETFScore 35
  4. Rank 46DSDTYYieldMax S&P 500 0DTE Covered Call Strategy ETFScore 35
  5. Rank 48DWDTES&P 500 Weekly Distribution ETFScore 33

Our read on each fund

ETF.net Research

CSHIANeos Enhanced Income Cash Alternative ETF

SDTYDYieldMax S&P 500 0DTE Covered Call Strategy 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.

SDTY YieldMax's option-income playbook aimed at the index: SDTY builds S&P 500 exposure with options and sells calls that expire the same day, every day. Income gets harvested one session at a time, and upside gets clipped the same way.

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.

SDTY SDTY seeks current income while providing exposure to the S&P 500 Index’s price return.

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.
  • SDTY The 0DTE twist: calls that expire the same session, written daily, so the premium clock resets every trading day instead of once a month.
  • Pure label-matching: S&P 500 price exposure built synthetically, income generated by writing calls against it. What the name says is what the fund does.
  • It was YieldMax's first move from single-stock option income into a broad index, live since 2025.stockanalysis.com

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.
  • SDTY At 1.08% a year, it costs well above the roughly 0.60% median for S&P 500 option-income funds, and multiples of IVVW (0.25%) or GPIX (0.35%).
  • Selling calls every session hands away part of each strong up day. The income comes out of the fund's upside, not on top of it.
  • Small and lightly traded next to the giants writing calls on the same index. Limit orders matter more here than with a heavily traded peer.

Full CSHI profile⁠

Full SDTY profile⁠

CSHI vs SDTY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CSHI vs SDTY Cost

Overpaying SDTY vs CSHI

$12,268

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

  • CSHI 0.38%

    $7,706

  • SDTY 1.08%

    $19,974

$10,000
30 years

Cost over time

  • CSHI 0.38%
  • SDTY 1.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SDTY $19,974CSHI $7,706

Year by year

YearCSHISDTYOverpaying
10$688$1,898$1,210
20$2,658$7,106$4,448
30$7,706$19,974$12,268

Expense ratio

  • 0.38%CSHI, cheaper
  • 1.08%SDTY
  • Middle half of S&P 500 Option Income funds
  • Median 0.60%

CSHI 13th cheapest of 51 funds

SDTY 50th cheapest of 51 funds

CSHI vs SDTY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CSHI 4.82%
SDTY 28.93%, better
Payout (12M)
CSHI $2.39
SDTY $11.48
Last payment
CSHI $0.21
SDTY $0.18
Ex-dividend
CSHI Oct 14, 2026
SDTY Oct 28, 2026
Paid on
CSHI Oct 16, 2026
SDTY Oct 29, 2026
Frequency
CSHI Monthly
SDTY Weekly

Distribution history

Per share, 2026, same scale for both

CSHIMonthly · 10 paymentsAll CSHI payments⁠
One bar per payment. 10 payments in 2026 YTD. Jan 14, 2026 $0.20; Feb 11, 2026 $0.20; Mar 11, 2026 $0.19; Apr 15, 2026 $0.19; May 13, 2026 $0.19; Jun 10, 2026 $0.19; Jul 15, 2026 $0.19; Aug 12, 2026 $0.21; Sep 9, 2026 $0.21; Oct 14, 2026 $0.21. Use the arrow keys to read each point.$0$0.252026YTD
SDTYWeekly · 43 paymentsAll SDTY payments⁠
One bar per payment. 43 payments in 2026 YTD. Jan 7, 2026 $0.13; Jan 14, 2026 $0.18; Jan 21, 2026 $0.20; Jan 28, 2026 $0.21; Feb 4, 2026 $0.22; Feb 11, 2026 $0.27; Feb 18, 2026 $0.23; Feb 25, 2026 $0.24; Mar 4, 2026 $0.24; Mar 11, 2026 $0.31; Mar 18, 2026 $0.32; Mar 25, 2026 $0.26; Apr 1, 2026 $0.25; Apr 8, 2026 $0.26; Apr 15, 2026 $0.28; Apr 22, 2026 $0.27; Apr 29, 2026 $0.21; May 6, 2026 $0.21; May 13, 2026 $0.21; May 20, 2026 $0.21; May 27, 2026 $0.21; Jun 3, 2026 $0.21; Jun 10, 2026 $0.21; Jun 17, 2026 $0.21; Jun 24, 2026 $0.21; Jul 1, 2026 $0.23; Jul 8, 2026 $0.20; Jul 15, 2026 $0.21; Jul 22, 2026 $0.21; Jul 29, 2026 $0.21; Aug 5, 2026 $0.21; Aug 12, 2026 $0.21; Aug 19, 2026 $0.17; Aug 26, 2026 $0.17; Sep 2, 2026 $0.17; Sep 9, 2026 $0.16; Sep 16, 2026 $0.16; Sep 23, 2026 $0.19; Sep 30, 2026 $0.15; Oct 7, 2026 $0.16; Oct 14, 2026 $0.18; Oct 21, 2026 $0.18; Oct 28, 2026 $0.18. Use the arrow keys to read each point.$0$0.252026YTD

CSHI vs SDTY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CSHI 0.3%SDTY 13.0%since Mar 2025
Return per unit of riskSharpe ratio, 3 years
CSHI 2.04SDTY 0.81since Mar 2025
Worst fallMax drawdown, 5 years
CSHI −1.7%since Aug 2022SDTY −18.6%since Feb 2025
Market sensitivityBeta, 5 years
CSHI 0.01SDTY 0.91

CSHI and SDTY in the news

All news⁠

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