Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

CSHI vs HYGM: which paid, and which earned it?

CSHI and HYGM both write options for income.

NEOS Enhanced Income 1-3 Month T-Bill ETF and Amplify HYG High Yield 10% Target Income ETF.

5.2%CSHI cash paid, 1 year
3.3%HYGM cash paid, 1 year
+5.0%CSHI total return, 1 year
+0.5%HYGM total return, 1 year
CSHI1.3 pts ahead of BIL · 1 year to Sep 18, 2026
BIL+3.7%CSHI+5.0%5.2% of it arrived as cash1.3 pts ahead of BILTotal return, distributions reinvestedBIL+3.7%CSHI+5.0%5.2% as cash1.3 pts ahead of BIL
HYGMAbout even with HYG · since launch to Sep 18, 2026
HYG+0.2%HYGM+0.5%about even with HYGTotal return, distributions reinvestedHYG+0.2%HYGM+0.5%about even with HYG

What they hold in common

By the books each fund has filed, CSHI and HYGM hold 0% of their money in the same securities at the same weight.

Only in each
Only in CSHIOnly in HYGM
United States Treasury Bill 12/10/2026 7.59%iShares iBoxx USD High Yield Corporate Bond ETF 99.98%
United States Treasury Bill 12/03/2026 7.45%Cash & Other 0.05%
United States Treasury Bill 12/08/2026 7.45%Invesco Government & Agency Portfolio 12/31/2031 0.04%
United States Treasury Bill 11/24/2026 7.28%HYG 09/25/2026 78.53 C -0.07%
United States Treasury Bill 11/19/2026 7.27%
United States Treasury Bill 10/01/2026 7.24%
United States Treasury Bill 11/12/2026 7.16%
United States Treasury Bill 09/24/2026 7.11%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 21, 2026.

Performance, window by window

CSHI and HYGM over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
CSHIHYGMCSHIHYGMCSHIHYGM
3 months+1.1%0.0%1.2%2.5%+0.2 pts+0.4 pts
6 months+2.5%not published2.4%not published+0.8 ptsnot published
1 year+5.0%not published5.2%not published+1.3 ptsnot published
3 years+16.8%not published16.4%not published+2.7 ptsnot published
Since launch+23.8%+0.5%22.0%3.3%+4.6 pts+0.3 pts
Open the live comparison on ETFIQ
CSHI and HYGM on the same fields, as of Sep 18, 2026. Source: ETFIQ.
CSHI
NEOS Enhanced Income 1-3 Month T-Bill ETF
Covered call on BIL, paying monthly
HYGM
Amplify HYG High Yield 10% Target Income ETF
Option income on HYG, paying monthly
IssuerNEOSAmplify
Strategycovered calloption income
Benchmark1-3 month T-bills (BIL)US high yield bonds (HYG)
Paysmonthlymonthly
Payout rate, annualized5.0%10.2%
Expense ratio0.38%0.79%
Cash paid, 1 year5.2%3.3% (since launch on Apr 21, 2026)
Price change, 1 year−0.4%−2.8%
Total return, 1 year+5.0%+0.5% (since launch on Apr 21, 2026)
Benchmark return, 1 year+3.7%+0.2%
Ahead or behind+1.3 pts+0.3 pts
Return of capital, latest estimate41%not published
Age1480 days150 days
Net assets$1.9bn$727,276

CSHI in plain words

Over the year to Sep 18, 2026, CSHI paid 5.2% of its starting value in cash distributions while its price fell 0.4%. With every distribution reinvested, the fund returned +5.0%. 1-3 month T-bills (BIL) returned +3.7% over the same days, so a holder was ahead by 1.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 5.0%, paid monthly. NEOS estimates that 41% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

HYGM in plain words

Over the period since launch on Apr 21, 2026 to Sep 18, 2026, HYGM paid 3.3% of its starting value in cash distributions while its price fell 2.8%. With every distribution reinvested, the fund returned +0.5%. US high yield bonds (HYG) returned +0.2% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 10.2%, paid monthly.

Questions people ask

Which is cheaper, CSHI or HYGM?
CSHI charges 0.38% a year and HYGM charges 0.79%, so CSHI is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

CSHI against HYGM, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, CSHI against HYGM, data as of Sep 18, 2026. https://etfiq.com/compare/income/cshi-vs-hygm Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources