CSHI vs SIXH: Grades, Fees and Holdings Compared

Neos Enhanced Income Cash Alternative ETF

CSHIANYSE Arca

ETC 6 Meridian Hedged Equity Index Option ETF

SIXHCNYSE Arca

Overlap

0.0%by weight

Expense ratio

CSHI −0.31pt a year

CSHI0.38%SIXH0.69%

Avg volume · 30D

CSHI 48.1×the volume

CSHI747KSIXH15.5K

3Y return · a year

SIXH +8.5pt

CSHI+5.1%SIXH+13.6%

CSHI vs SIXH Performance

Nov 7, 2025 – Nov 9, 2026

+4.8%CSHI+20.9%SIXH

Expense ratio: CSHI 0.38%, better; SIXH 0.69%
Fund size: CSHI $2.14B; SIXH $621M
1Y total return: CSHI +4.8%; SIXH +20.9%, better
Yield (12M): CSHI 4.82%, better; SIXH 1.76%
Holdings: CSHI 20; SIXH 49
Avg volume (30D): CSHI 747K sh, better; SIXH 15.5K sh
NAV per share: CSHI $49.63; SIXH $44.30
52W range

ETF.net Grade

Pillar letters and Scores for CSHI, SIXH, with each pillar’s weight
Pillar	CSHI	SIXH
Cost30% weight	A76Higher	C42
Mission25% weight	A89	Not scored
Risk15% weight	A82Higher	A78
Tradability15% weight	A97Higher	D34
Holdings10% weight	A70Higher	B63
Durability5% weight	A82Higher	B67

Rank among S&P 500 Option Income funds

How we build Categories ›

Same Category. CSHI and SIXH 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 SIXH 32nd of 51 funds in the S&P 500 Option Income Category.

Rank 1ABALIiShares U.S. Large Cap Premium Income Active ETFScore 82
Rank 1ACSHINeos Enhanced Income Cash Alternative ETFScore 82
Rank 3AIVVWiShares S&P 500 BuyWrite ETFScore 80
Rank 31CHEDGEquable Shares Hedged Equity ETFScore 54
Rank 32CSIXHETC 6 Meridian Hedged Equity Index Option ETFScore 51
Rank 33CXSPINEOS Boosted S&P 500 High Income ETFScore 49

Our read on each fund

ETF.net Research

CSHIANeos Enhanced Income Cash Alternative ETF

SIXHCETC 6 Meridian Hedged Equity Index Option 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.

SIXH Most hedged-equity funds bolt options onto an index. SIXH runs a concentrated book of about 50 growth-and-quality stocks, then writes calls on broad equity indexes over the top. Active on both sides, and it pays monthly.

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.

SIXH The Fund seeks capital appreciation. Its active strategy combines an equity portfolio with call-option writing on broad equity-market indices or funds, intended to reduce broad equity-market exposure.

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.

SIXH Two decisions, not one: roughly 50 stocks screened for growth, profitability and quality, with index call writing layered on to trim broad equity-market exposure.
Fee of 0.73% lands under the same-index rivals ACYS (0.75%), OVL (0.79%) and MRSK (0.98%), so the active overlay does not carry a premium price inside its own niche.
Distributions arrive monthly, funded by option premium and the equity book rather than a fixed payout formula.
Live since 2020 and one of the stronger implementations in a crowded options-income peer group, with a real asset base behind it.

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.

SIXH Written calls hand back part of a strong rally. Premium comes in, upside gets clipped. That is the mechanism, not a malfunction.
Thinly traded next to the category's heavyweights, which tends to mean wider spreads and more attention needed on order type.
Fully active, with no index holding it to a benchmark: outcomes track the manager's stock selection and option decisions. NBOS runs a cheaper S&P 500 overlay at 0.59%.

Full CSHI profile⁠

Full SIXH profile⁠

CSHI vs SIXH Holdings

How CSHI and SIXH differ

Overlap by weight

0.0%

About this figure: CSHI earns income from options, which aren’t counted.

SIXH earns income from options, which aren’t counted.

Level by level

Asset classBonds, Stocks0.0%
Holdings0 in both0.0%
Sector11 Sectors65.9%
Countryby domicile99.99%

Sector

Sector weights in CSHI and SIXH, widest gap first
Sector	Gap	CSHI	SIXH
Technology	CSHI +24.8 points	40.5%	15.7%
Consumer Staples	SIXH +21.4 points	4.3%	25.7%
Health Care	SIXH +8.8 points	9.3%	18.1%
Consumer Discretionary	CSHI +4.7 points	8.7%	4.0%
Financials	CSHI +3.0 points	11.2%	8.2%
Materials	CSHI +1.6 points	1.6%	0.0%
Real Estate	SIXH +1.3 points	1.7%	3.0%
Energy	SIXH +1.2 points	3.4%	4.6%
Utilities	SIXH +1.0 points	1.9%	2.9%
Industrials	SIXH +0.5 points	7.5%	8.0%
Communication	Same weight	9.9%	9.9%

Country, concentration and asset class

Country by domicile

Country weights in CSHI and SIXH, widest gap first
Country	More in CSHIMore in SIXH	Gap	CSHI	SIXH
United States		Same weight	100.0%	100.0%
Switzerland		Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

CSHI69.4%
SIXH37.5%

Securities held

CSHI20
SIXH48

Asset class

CSHI: Bonds
SIXH: Stocks

Holdings

Only in CSHI20
In both0
Only in SIXH48

Only in CSHI

20 securities, 100% of CSHI by weight

United States Treasury Bill 01/07/20277.41%
United States Treasury Bill 01/28/20277.30%
United States Treasury Bill 01/19/20277.26%
United States Treasury Bill 12/29/20267.03%
United States Treasury Bill 12/10/20267.02%
United States Treasury Bill 12/08/20267.00%
United States Treasury Bill 11/27/20266.75%
United States Treasury Bill 12/22/20266.71%
United States Treasury Bill 01/21/20276.47%
United States Treasury Bill 12/03/20266.43%
United States Treasury Bill 11/24/20266.29%
United States Treasury Bill 11/19/20266.28%
United States Treasury Bill 11/12/20266.18%
United States Treasury Bill 11/17/20266.13%
United States Treasury Bill 01/12/20274.51%
Cash & Other1.37%
Spxw Us 11/19/26 P67500.06%
Spxw Us 11/19/26 P65250.04%
Spxw Us 11/19/26 P65000.04%
Spxw Us 11/19/26 P64000.03%

Only in SIXH

48 securities, 99.8% of SIXH by weight

Altria Group Inc5.13%
Pepsico Inc4.06%
Verizon Communications Inc4.03%
AT&T Inc3.99%
Bristol-Myers Squibb Company3.93%
Philip Morris International3.74%
Chevron Corp3.56%
State Street Spdr Portfol3.12%
Micron Technology Inc3.08%
Sandisk Corp.2.86%
Comcast Corp A2.76%
Costco Wholesale Corp2.74%
T-Mobile Us Inc2.73%
Mondelez International Inc2.68%
Walmart Inc.2.67%
Johnson & Johnson2.66%
Us Bancorp2.63%
Exxonmobil Holdings Corp2.33%
Conocophillips2.33%
Lam Research Corp2.21%
Ss Spdr S&P 500 Etf Trust-Us2.02%
Booking Holdings Inc1.43%
Mcdonald's Corp1.41%
Medtronic PLC1.39%
Charles Schwab Corp1.37%
Procter & Gamble Co/The1.35%
Coca-Cola Co/The1.34%
American Tower Corp1.32%
Qualcomm Inc.1.32%
Apple Inc1.31%
Meta Platforms Inc-Class A1.31%
Amgen Inc1.30%
AbbVie Inc1.30%
General Motors Company1.30%
Capital One Financial Corp1.30%
Merck & Co. Inc.1.29%
Gilead Sciences Inc1.29%
Citigroup Inc1.28%
Pfizer Inc1.27%
Eli Lilly & Co1.26%
Texas Instruments Inc1.21%
NVIDIA Corp1.20%
Ge Vernova Inc1.19%
Cisco Systems Inc1.18%
Caterpillar Inc1.18%
Advanced Micro Devices1.17%
Palantir Technologies Inc-A1.15%
Applied Materials Inc1.12%

Weight gaps

CSHI and SIXH share no securities.

All 10 CSHI holdings⁠All 49 SIXH 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 SIXH Cost

Overpaying SIXH vs CSHI

$5,723

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

CSHI 0.38%
$7,706
SIXH 0.69%
$13,429

Amount$10,000

Years30 years

Cost over time

CSHI 0.38%
SIXH 0.69%
Overpaying

Year by year

Year	CSHI	SIXH	Overpaying
10	$688	$1,232	$544
20	$2,658	$4,697	$2,039
30	$7,706	$13,429	$5,723

Expense ratio

0.38%CSHI, cheaper
0.69%SIXH

CSHI0.38%SIXH0.69%

0.10%1.18%

Middle half of S&P 500 Option Income funds
Median 0.60%

CSHI 13th cheapest of 51 funds

SIXH 30th cheapest of 51 funds

CSHI vs SIXH Dividends

Last 12 months to Nov 9, 2026

Yield (12M): CSHI 4.82%, better; SIXH 1.76%
Payout (12M): CSHI $2.39; SIXH $0.79
Last payment: CSHI $0.21; SIXH $0.12
Ex-dividend: CSHI Oct 14, 2026; SIXH Oct 28, 2026
Paid on: CSHI Oct 16, 2026; SIXH Oct 30, 2026
Frequency: CSHI Monthly; SIXH Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CSHIMonthly · 46 paymentsAll CSHI payments⁠

SIXHMonthly · 46 paymentsAll SIXH payments⁠

CSHI vs SIXH 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%, betterSIXH 7.2%
Return per unit of riskSharpe ratio, 3 years: CSHI 2.04, betterSIXH 1.36
Worst fallMax drawdown, 5 years: CSHI −1.7%since Aug 2022SIXH −11.7%
Market sensitivityBeta, 5 years: CSHI 0.01SIXH 0.09; Market = 1

CSHI and SIXH in the news

All news⁠

ETF Filings
NestYield files a Treasury-bill fund targeting 6% to 12%, above bill yields
Oct 2, 2026CSHI

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CSHI vs SIXH

In short

Stated mandate

Why people hold it

Worth knowing

How CSHI and SIXH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CSHI

Only in SIXH

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

NestYield files a Treasury-bill fund targeting 6% to 12%, above bill yields

How CSHI and SIXH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CSHI

Only in SIXH

Weight gaps