Data as of Nov 4, 2026.
CSHI vs HYBI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, HYBI paid 8.0% of its price in cash against CSHI’s 4.8%, though CSHI returned more with it reinvested.
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Net assets on Oct 28, 2026: $2.1bn for NEOS Enhanced Income 1-3 Month T-Bill ETF and $218m for NEOS Enhanced Income Credit Select ETF.
1.1 pts ahead of BIL
CSHI over 1 year: paid 4.8%, price −0.1%, total +4.8%, BIL +3.7%, +1.1 pts. Data to Nov 4, 2026.
BIL
+3.7%
CSHI
+4.8%
4.8% of it arrived as cash
1.1 pts ahead of BIL
Total return, distributions reinvested
1.1 pts ahead of BIL
CSHI over 1 year: paid 4.8%, price −0.1%, total +4.8%, BIL +3.7%, +1.1 pts. Data to Nov 4, 2026.
BIL
+3.7%
CSHI
+4.8%
4.8% as cash
1.1 pts ahead of BIL
4.8% of it arrived as cash. Total return, distributions reinvested. CSHI over 1 year: paid 4.8%, price −0.1%, total +4.8%, BIL +3.7%, +1.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.1.1 pts ahead of JNK
HYBI over 1 year: paid 8.0%, price −4.0%, total +4.0%, JNK +2.9%, +1.1 pts. Data to Nov 4, 2026.
JNK
+2.9%
HYBI
+4.0%
8.0% of it arrived as cash
1.1 pts ahead of JNK
Total return, distributions reinvested
1.1 pts ahead of JNK
HYBI over 1 year: paid 8.0%, price −4.0%, total +4.0%, JNK +2.9%, +1.1 pts. Data to Nov 4, 2026.
JNK
+2.9%
HYBI
+4.0%
8.0% as cash
1.1 pts ahead of JNK
8.0% of it arrived as cash. Both charts share one scale, with zero at the line. HYBI over 1 year: paid 8.0%, price −4.0%, total +4.0%, JNK +2.9%, +1.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
CSHI costs 0.30 points a year less; their one-year returns differ by 0.8 points; CSHI is 9.6 times larger.
Points (pts) are percentage points.
| Measure | CSHI | HYBI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +4.8% | +4.0% |
| Price change, 1 year | fell 0.1% | fell 4.0% |
| Return of capital, issuer estimate | 24% of the Oct 16, 2026 payment | 66% of the Oct 16, 2026 payment |
| Against its benchmark | ||
| Benchmark | 1-3 month T-bills, measured through BIL | State Street SPDR Bloomberg High Yield Bond ETF, measured through JNK |
| Cost and size | ||
| Expense ratio | 0.38% | 0.68% |
| Net assets, as of Oct 28, 2026 | $2.1bn | $218m |
| Holdings | ||
| Holdings in common | 0% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Risk and return
Oct 11, 2024 to Oct 30, 2026 · 107 weekly returnsEach against its own benchmark: CSHI against BIL, Sep 9, 2022 to Oct 30, 2026; HYBI against JNK, Oct 11, 2024 to Oct 30, 2026.
From Oct 2024 to Oct 2026, CSHI returned more: +10.5% to +9.2%. CSHI swung less: 1.2% to 3.6%. CSHI fell less at its worst: −1.3% to −4.0%.
Full scorecard
18 measures, with how each is measured Open ↓
| Measure | CSHI | HYBI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +10.5% | +9.2% | CSHI | Price change plus distributions, reinvested. |
| Annualized | +5.0% | +4.4% | CSHI | Total return as a yearly rate. |
| Price return | −0.5% | −8.2% | CSHI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.2% | 3.6% | CSHI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 1.0% | 2.8% | CSHI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −1.3% | −4.0% | CSHI | Deepest fall from a high to the low after it. |
| Upside capture | 121.5% | 80.3% | Share of its benchmark's rise caught in the weeks it rose. | |
| Beta | 0.46 | 0.76 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.01 | 0.83 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.68 | 0.08 | CSHI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.86 | 0.11 | CSHI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.014 | 0.004 | Return above Treasury bills per unit of beta. | |
| Calmar | 3.88 | 1.10 | CSHI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | BIL | JNK | The ETF each fund is measured against. | |
| Alpha | +0.8% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.61 | −0.09 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.2% to +1.7% | −2.1% to +2.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.95 | −0.12 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.0% | 1.8% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 107 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, CSHI and HYBI hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | CSHI | HYBI | CSHI | HYBI | CSHI | HYBI |
| 3 months | +1.0% | −0.1% | 1.2% | 2.0% | +0.1 pts | +1.0 pts |
| 6 months | +2.1% | +0.5% | 2.4% | 4.0% | +0.3 pts | +0.9 pts |
| 1 year | +4.8% | +4.0% | 4.8% | 8.0% | +1.2 pts | +1.1 pts |
| 3 years | +16.6% | – | 15.8% | – | +2.7 pts | – |
| Since launchNot the same days: CSHI Aug 2022 · HYBI Sep 2024 | +24.5% | +8.9% | 22.4% | 16.6% | +4.7 pts | −0.9 pts |
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CSHI
Over the year to Nov 4, 2026, CSHI paid 4.8% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +4.8%. 1-3 month T-bills (BIL) returned +3.7% over the same days, so a holder was ahead by 1.1 pts. At its price on Nov 4, 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.
HYBI
Over the year to Nov 4, 2026, HYBI paid 8.0% of its starting value in cash distributions while its price fell 4.0%. With every distribution reinvested, the fund returned +4.0%. State Street SPDR Bloomberg High Yield Bond ETF (JNK) returned +2.9% over the same days, so a holder was ahead by 1.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.1%, paid monthly. NEOS estimates that 66% of the distribution paid Oct 16, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, CSHI against HYBI, data as of Nov 4, 2026. https://etfiq.com/compare/income/cshi-vs-hybi
ETFIQ. (Nov 4, 2026). CSHI against HYBI. Retrieved from https://etfiq.com/compare/income/cshi-vs-hybi
[CSHI against HYBI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/cshi-vs-hybi)
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