Which paid more, CSHI or HYBL?

Over the year to Nov 4, 2026, CSHI paid 4.8% of its starting price in cash and HYBL paid 6.9%, so HYBL paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, CSHI or HYBL?

With every distribution reinvested, CSHI returned +4.8% and HYBL +3.5% over the year to Nov 4, 2026.

Which is cheaper, CSHI or HYBL?

CSHI charges 0.38% a year and HYBL charges 0.70%, so CSHI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CSHI vs HYBL: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, HYBL paid 6.9% of its price in cash against CSHI’s 4.8%, though CSHI returned more with it reinvested.

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Net assets: $2.1bn on Oct 28, 2026 for NEOS Enhanced Income 1-3 Month T-Bill ETF, and $584m on Nov 3, 2026 for State Street Blackstone High Income ETF.

CSHI on its own →HYBL on its own →

At a glance

4.8%

CSHI cash paid, 1 year

6.9%

HYBL cash paid, 1 year

+4.8%

CSHI total return, 1 year

+3.5%

HYBL total return, 1 year

CSHI · 1 year to Nov 4, 2026 1.1 pts ahead of BIL

CSHI

+4.8%

BIL

+3.7%

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.

HYBL · 1 year to Nov 4, 2026 Not measured

HYBL

+3.5%

none

Not measured

HYBL over 1 year: paid 6.9%, price −3.4%, total +3.5%, not measured against a benchmark. Data to Nov 4, 2026.

HYBL

+3.5%

6.9% of it arrived as cash

Total return, distributions reinvested

Not measured

HYBL over 1 year: paid 6.9%, price −3.4%, total +3.5%, not measured against a benchmark. Data to Nov 4, 2026.

HYBL

+3.5%

6.9% as cash

6.9% of it arrived as cash. Both charts share one scale, with zero at the line. HYBL over 1 year: paid 6.9%, price −3.4%, total +3.5%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

CSHI costs 0.32 points a year less; their one-year returns differ by 1.3 points; CSHI is 3.6 times larger.

Points (pts) are percentage points.

CSHI vs HYBL: Dividend Yield & Total Return
Measure	CSHI	HYBL
Paid and earned
Measure	CSHI	HYBL
Total return, 1 year	+4.8%	+3.5%
Price change, 1 year	fell 0.1%	fell 3.4%
Return of capital, issuer estimate	24% of the Oct 16, 2026 payment
Against its benchmark
Measure	CSHI	HYBL
Benchmark	1-3 month T-bills, measured through BIL	not published
Cost and size
Measure	CSHI	HYBL
Expense ratio	0.38%	0.70%
Net assets, as of Oct 28, 2026	$2.1bn	$587m
Holdings
Measure	CSHI	HYBL
Holdings in common	0%

Method

Risk and return

Sep 9, 2022 to Oct 30, 2026 · 216 weekly returns

CSHI HYBL

Return

Total return edge HYBL +24.2% +32.8%

Annualized edge HYBL +5.4% +7.1%

Price return edge CSHI −0.8% −2.2%

Risk

Volatility edge CSHI 1.0% 3.9%

Max drawdown edge CSHI −1.3% −4.4%

Risk-adjusted

Sharpe edge CSHI 0.69 0.60

Sortino edge CSHI (slight) 0.91 0.88

Calmar edge CSHI 4.16 1.61

Reading

From Sep 2022 to Oct 2026, HYBL returned more: +32.8% to +24.2%. CSHI swung less: 1.0% to 3.9%. CSHI fell less at its worst: −1.3% to −4.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: CSHI vs HYBL: Dividend Yield & Total Return
Measure	CSHI	HYBL	Edge	How it is measured
Return
Total return	+24.2%	+32.8%	HYBL	Price change plus distributions, reinvested.
Annualized	+5.4%	+7.1%	HYBL	Total return as a yearly rate.
Price return	−0.8%	−2.2%	CSHI	Price change alone, distributions left out.
Risk
Volatility	1.0%	3.9%	CSHI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.7%	2.7%	CSHI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−1.3%	−4.4%	CSHI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.69	0.60	CSHI	Return above Treasury bills per unit of volatility.
Sortino	0.91	0.88	CSHI (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	4.16	1.61	CSHI	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 216 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, CSHI and HYBL hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CSHI HYBL

Only in one fund ↓

Only in CSHI

SPXW US 11/12/26 P7025 0.02%

SPXW US 11/12/26 P6625 0.01%

SPXW US 11/12/26 P6700 0.01%

SPXW US 11/12/26 P6775 0.01%

SPXW US 11/12/26 P6925 -0.02%

SPXW US 11/12/26 P7075 -0.03%

SPXW US 11/12/26 P7150 -0.04%

SPXW US 11/12/26 P7225 -0.05%

Only in HYBL

Finastra USA Inc aka Misys/Almonde Inc. 09/15/2032 0.98%

State Street Blackstone Senior Loan ETF 0.98%

Nissan Motor Co Ltd 4.81% 09/17/2030 0.88%

Neptune Bidco US Inc aka Nielsen/Nielsen Holdings 02/03/2033 0.80%

McAfee Corp 03/01/2029 0.80%

Sword Purchaser LLC aka Sealed Air 04/09/2033 0.78%

Michaels Cos Inc/The 03/15/2033 0.75%

Hopper Merger Sub Inc aka Hologic 04/07/2033 0.75%

Check overlap with more funds →

Side by side

CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF · Sells put spreads on the S&P 500, investing in 1-3 month T-bills (BIL), paying monthly HYBL State Street Blackstone High Income ETF · Income from senior loans and bonds, paying monthly

Issuer NEOS State Street

Strategy put-selling overlay income from senior loans and bonds

Benchmark 1-3 month T-bills (BIL) none

Pays monthly monthly

Payout rate, annualized 5.0% 7.4%

Expense ratio 0.38% 0.70%

Cash paid, 1 year 4.8% 6.9%

Price change, 1 year −0.1% −3.4%

Total return, 1 year +4.8% +3.5%

Benchmark return, 1 year +3.7% not published

Ahead or behind +1.1 pts not available

Return of capital, latest estimate 24% not published

Age 4.2 years 4.7 years

Net assets, CSHI as of Oct 28, 2026 and HYBL as of Nov 3, 2026 $2.1bn $584m

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

Window by window: CSHI vs HYBL: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CSHI	HYBL	CSHI	HYBL	CSHI	HYBL
3 months	+1.0%	−0.1%	1.2%	1.8%	+0.1 pts	not measured
6 months	+2.1%	+0.9%	2.4%	3.5%	+0.3 pts	not measured
1 year	+4.8%	+3.5%	4.8%	6.9%	+1.2 pts	not measured
3 years	+16.6%	+24.7%	15.8%	23.1%	+2.7 pts	not measured
Since launchNot the same days: CSHI Aug 2022 · HYBL Feb 2022	+24.5%	+27.8%	22.4%	31.7%	+4.7 pts	not measured

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Alert

About each fund

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.

HYBL

Over the year to Nov 4, 2026, HYBL paid 6.9% of its starting value in cash distributions while its price fell 3.4%. With every distribution reinvested, the fund returned +3.5%. At its price on Nov 4, 2026 the latest distribution annualizes to 7.4%, paid monthly.

Questions people ask

Which paid more, CSHI or HYBL?: Over the year to Nov 4, 2026, CSHI paid 4.8% of its starting price in cash and HYBL paid 6.9%, so HYBL paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, CSHI or HYBL?: With every distribution reinvested, CSHI returned +4.8% and HYBL +3.5% over the year to Nov 4, 2026.
Which is cheaper, CSHI or HYBL?: CSHI charges 0.38% a year and HYBL charges 0.70%, so CSHI is cheaper. Fees come from each fund's prospectus.

Other comparisons

CSHI vs HYBI CSHI vs HYGM CSHI vs LQDW CSHI vs TLTW HYBL vs HYGW HYBL vs HYTI HYBL vs TLTI HYBL vs LTTI

Where to next

1-3 month T-bills (BIL) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →CSHI on its own →HYBL on its own →CSHI dividend history →CSHI holdings →HYBL dividend history →HYBL holdings →Method →Standards and sources →

Sources and dates

CSHI filings on SEC EDGAR ↗

CSHI prospectus with the expense ratio (SEC) ↗

CSHI 19a-1 distribution notice ↗

NEOS page for CSHI ↗

HYBL filings on SEC EDGAR ↗

HYBL prospectus with the expense ratio (SEC) ↗

State Street website ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CSHI against HYBL, data as of Nov 4, 2026. https://etfiq.com/compare/income/cshi-vs-hybl

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.