Data as of Oct 28, 2026.
CSHI vs JAAA: Differences, Returns & Fees
Over the year to Oct 28, 2026, CSHI returned +4.9% to JAAA's +4.7%, and JAAA charges 0.20% to CSHI's 0.38%.
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Net assets: $2.1bn on Oct 27, 2026 for NEOS Enhanced Income 1-3 Month T-Bill ETF, and $32.5bn on Oct 28, 2026 for Janus Henderson AAA CLO ETF.
Pair scorecard
JAAA costs 0.18 points a year less; their one-year returns differ by 0.2 points; JAAA is 15.5 times larger.
| Measure | CSHI | JAAA |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.9% | +4.7% |
| Price change, 1 year | fell 0.0% | fell 0.2% |
| Latest payout, annualized | 5.0% | |
| Return of capital, issuer estimate | 24% of the Oct 16, 2026 payment | |
| Against its benchmark | ||
| What it tracks | Benchmark: 1-3 month T-bills, measured through BIL | No index, actively managed |
| Against its benchmark, same days | ahead by 1.2 pts | |
| Cost and size | ||
| Expense ratio | 0.38% | 0.20% |
| Net assets, as of Oct 27, 2026 | $2.1bn | $32.5bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 28, 2026. Method
Risk and return
Sep 9, 2022 to Oct 23, 2026 · 215 weekly returnsJAAA returned more: +29.0% to +24.1%. CSHI swung less: 1.0% to 1.2%. JAAA fell slightly less at its worst: −1.2% to −1.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | CSHI | JAAA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +24.1% | +29.0% | JAAA | Price change plus distributions, reinvested. |
| Annualized | +5.4% | +6.4% | JAAA | Total return as a yearly rate. |
| Price return | −0.9% | +2.7% | JAAA | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.0% | 1.2% | CSHI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.7% | 0.8% | CSHI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −1.3% | −1.2% | JAAA (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | 1.38 | JAAA | Return above Treasury bills per unit of volatility. |
| Sortino | 0.91 | 1.95 | JAAA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 4.16 | 5.23 | JAAA | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 215 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, CSHI and JAAA hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
CSHI and JAAA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
CSHI and JAAA do different jobs. What does each one do in a portfolio?
- What each follows. CSHI is measured against 1-3 month T-bills through BIL and JAAA follows No index, actively managed.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026 and Jul 31, 2026).
- Cost. CSHI charges 0.38% of assets a year and JAAA 0.20%, a gap of 0.18 points.
Data as of Oct 28, 2026.
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CSHI
Over the year to Oct 28, 2026, CSHI paid 4.8% of its starting value in cash distributions while its price fell 0.0%. With every distribution reinvested, the fund returned +4.9%. 1-3 month T-bills (BIL) returned +3.7% over the same days, so a holder was ahead by 1.2 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 5.0%, paid monthly. NEOS estimates that 24% of the distribution paid Oct 16, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
JAAA
JAAA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.7% with distributions reinvested. The prospectus expense ratio is 0.20% a year.
Questions people ask
- Are CSHI and JAAA in the same category?
- CSHI is an option-income ETF and JAAA is a bond ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, CSHI or JAAA?
- In the year to Oct 28, 2026, with distributions reinvested, CSHI returned +4.9% and JAAA +4.7%.
- Which is cheaper, CSHI or JAAA?
- JAAA is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, CSHI against JAAA, data as of Oct 28, 2026. https://etfiq.com/compare/any/cshi-vs-jaaa
ETFIQ. (Oct 28, 2026). CSHI against JAAA. Retrieved from https://etfiq.com/compare/any/cshi-vs-jaaa
[CSHI against JAAA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/cshi-vs-jaaa)
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