CSHI vs XYLD: Grades, Fees and Holdings Compared

Neos Enhanced Income Cash Alternative ETF

CSHIANYSE Arca

Global X S&P 500 Covered Call ETF

XYLDANYSE Arca

Overlap

0.0%by weight

Expense ratio

CSHI −0.22pt a year

CSHI0.38%XYLD0.60%

Avg volume · 30D

CSHI 1.2×the volume

CSHI712KXYLD588K

3Y return · a year

XYLD +8.9pt

CSHI+5.3%XYLD+14.2%

CSHI vs XYLD Performance

Oct 31, 2025 – Oct 30, 2026

+4.8%CSHI+14.5%XYLD

Expense ratio: CSHI 0.38%, better; XYLD 0.60%
Fund size: CSHI $2.12B; XYLD $3.35B
1Y total return: CSHI +4.8%; XYLD +14.5%, better
Yield (12M): CSHI 4.82%; XYLD 10.32%, better
Holdings: CSHI 20; XYLD 506
Avg volume (30D): CSHI 712K sh, better; XYLD 588K sh
NAV per share: CSHI $49.67; XYLD $41.08
52W range

ETF.net Grade

Pillar letters and Scores for CSHI, XYLD, with each pillar’s weight
Pillar	CSHI	XYLD
Cost30% weight	A75Higher	C50
Mission25% weight	A92	A100Higher
Risk15% weight	A84Higher	B66
Tradability15% weight	A98Higher	A91
Holdings10% weight	B69Higher	B65
Durability5% weight	A80	A91Higher

Rank among S&P 500 Option Income funds

How we build Categories ›

Same Category. CSHI and XYLD 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 XYLD 6th of 51 funds in the S&P 500 Option Income Category.

Rank 1ACSHINeos Enhanced Income Cash Alternative ETFScore 83
Rank 2ABALIiShares U.S. Large Cap Premium Income Active ETFScore 81
Rank 6AGQINatixis Gateway Quality Income ETFScore 74
Rank 6AXYLDGlobal X S&P 500 Covered Call ETFScore 74
Rank 8AFYEEFidelity Yield Enhanced Equity ETFScore 73

Our read on each fund

ETF.net Research

CSHIANeos Enhanced Income Cash Alternative ETF

XYLDAGlobal X S&P 500 Covered Call 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.

XYLD The purist's covered call fund: XYLD owns the S&P 500 and sells at-the-money calls on the whole book each month, then pays the premium out. Maximum income mechanics, minimum upside left over. Running since 2013.

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.

XYLD The Fund seeks to generally match the performance of the Cboe S&P 500 BuyWrite Index before fees and expenses. It uses an indexed covered-call strategy combining S&P 500 equity exposure with written S&P 500 call options.

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.

XYLD Rules to the letter: strikes and timing come from Cboe's BuyWrite methodology, not a manager's mood, and the fund has stayed tight to that index.cboe.com
Trading since 2013 and now a multi-billion-dollar fund that changes hands easily, so getting in and out rarely means fighting a wide spread.
Premiums land monthly, and the equity leg is the full S&P 500 (roughly 500 names), not a hand-picked slice of it.globalxetfs.com
Among 50-plus S&P 500 option-income funds, it is one of the stronger implementations of the classic buy-write.

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.

XYLD The full at-the-money overwrite is the trade: in a strong up month, the written calls give back most of the gain above the strike.cboe.com
At 0.60% it sits right at the peer median, while newer entrants like IVVW (0.25%) and GPIX (0.35%) come in cheaper.
Monthly payouts float with option premiums. There is no declared target rate, so the size of the check moves with volatility.globalxetfs.com

Full CSHI profile⁠

Full XYLD profile⁠

CSHI vs XYLD Holdings

As of Oct 13, 2026

How CSHI and XYLD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CSHI and 0.0% of XYLD.

Level by level

Asset classFixed Income, Equity0.0%
Holdings0 in both0.0%
Countryby domicile99.5%

Sector

No Sector split for CSHI.

Country, concentration and asset class

Country by domicile

Country weights in CSHI and XYLD, widest gap first
Country	More in CSHIMore in XYLD	CSHI	XYLD
United States	CSHI +0.5 points	100.0%	99.5%
Switzerland	XYLD +0.3 points	0.0%	0.3%
China	XYLD +0.1 points	0.0%	0.1%
Mexico	XYLD +0.1 points	0.0%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

CSHI69.1%
XYLD39.9%

Securities held

CSHI20
XYLD505

Asset class

CSHI: Fixed Income
XYLD: Equity

Holdings

Only in CSHI20
In both0
Only in XYLD505

Only in CSHI

20 securities, 100% of CSHI by weight

United States Treasury Bill 01/07/20277.48%
United States Treasury Bill 01/28/20277.37%
United States Treasury Bill 12/29/20267.09%
United States Treasury Bill 12/10/20267.09%
United States Treasury Bill 12/08/20267.06%
United States Treasury Bill 11/27/20266.81%
United States Treasury Bill 12/22/20266.76%
United States Treasury Bill 01/21/20276.53%
United States Treasury Bill 12/03/20266.49%
United States Treasury Bill 01/19/20276.39%
United States Treasury Bill 11/24/20266.34%
United States Treasury Bill 11/19/20266.33%
United States Treasury Bill 11/12/20266.24%
United States Treasury Bill 11/17/20266.18%
United States Treasury Bill 01/12/20274.55%
Cash & Other1.38%
Spxw Us 11/12/26 P70250.03%
Spxw Us 11/12/26 P67750.02%
Spxw Us 11/12/26 P67000.02%
Spxw Us 11/12/26 P66250.02%

Only in XYLD

505 securities, 100% of XYLD by weight

NVIDIA Corp8.32%
Apple Inc7.57%
Microsoft Corp6.10%
Amazon.com Inc3.87%
Alphabet Inc-Cl A3.14%
Broadcom Inc2.57%
Alphabet Inc-Cl C2.51%
Meta Platforms Inc2.49%
Micron Technology Inc1.70%
Tesla Inc1.62%
Advanced Micro Devices1.48%
Berkshire Hathaway Inc-Cl B1.47%
Eli Lilly & Co1.44%
JPMorgan Chase & Co1.35%
Exxonmobil Holdings Corp1.08%
Visa Inc-Class A Shares1.01%
Johnson & Johnson0.97%
Walmart Inc0.77%
Intel Corp0.77%
AbbVie Inc0.75%
Mastercard Inc - A0.73%
Palantir Technologies Inc-A0.72%
Cisco Systems Inc0.69%
Chevron Corp0.65%
Costco Wholesale Corp0.64%
Applied Materials Inc0.59%
Lam Research Corp0.58%
Caterpillar Inc0.56%
Merck & Co. Inc.0.54%
Procter & Gamble Co/The0.54%
Bank of America Corp0.54%
Coca-Cola Co/The0.52%
UnitedHealth Group Inc0.52%
Palo Alto Networks Inc0.49%
Ge Aerospace0.49%
Philip Morris International0.47%
Netflix Inc0.45%
Home Depot Inc0.44%
Ge Vernova Inc0.41%
Crowdstrike Holdings Inc - A0.40%
Goldman Sachs Group Inc0.40%
Texas Instruments Inc0.39%
Wells Fargo & Co0.38%
Rtx Corporation0.38%
Kla Corp0.37%
Thermo Fisher Scientific Inc0.37%
Oracle Corp0.36%
Marvell Technology Inc0.36%
Linde PLC0.34%
Morgan Stanley0.34%

Weight gaps

CSHI and XYLD share no securities.

All 10 CSHI holdings⁠All 504 XYLD 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 XYLD Cost

Overpaying XYLD vs CSHI

$4,111

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

CSHI 0.38%
$7,706
XYLD 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

CSHI 0.38%
XYLD 0.60%
Overpaying

Year by year

Year	CSHI	XYLD	Overpaying
10	$688	$1,076	$388
20	$2,658	$4,116	$1,458
30	$7,706	$11,817	$4,111

Expense ratio

0.38%CSHI, cheaper
0.60%XYLD

CSHI0.38%XYLD0.60%

0.10%1.18%

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

CSHI 13th cheapest of 51 funds

XYLD 25th cheapest of 51 funds

CSHI vs XYLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CSHI 4.82%; XYLD 10.32%, better
Payout (12M): CSHI $2.39; XYLD $4.24
Last payment: CSHI $0.21; XYLD $0.31
Ex-dividend: CSHI Oct 14, 2026; XYLD Oct 19, 2026
Paid on: CSHI Oct 16, 2026; XYLD Oct 22, 2026
Frequency: CSHI Monthly; XYLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CSHIMonthly · 46 paymentsAll CSHI payments⁠

XYLDMonthly · 46 paymentsAll XYLD payments⁠

CSHI vs XYLD 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%, betterXYLD 6.1%
Return per unit of riskSharpe ratio, 3 years: CSHI 2.04, betterXYLD 1.50
Worst fallMax drawdown, 5 years: CSHI −1.7%since Aug 2022XYLD −18.7%
Market sensitivityBeta, 5 years: CSHI 0.01XYLD 0.41; Market = 1

CSHI and XYLD 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 XYLD

In short

Stated mandate

Why people hold it

Worth knowing

How CSHI and XYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CSHI

Only in XYLD

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 XYLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CSHI

Only in XYLD

Weight gaps