Data as of Nov 4, 2026.
CSHI vs HYGW: Dividend Yield & Total Return
Over the year to Nov 4, 2026, HYGW paid 10.5% of its price in cash against CSHI’s 4.8%, though CSHI returned more with it reinvested.
askIQ about this page
askIQ about CSHI and HYGW
Net assets: $2.1bn on Oct 28, 2026 for NEOS Enhanced Income 1-3 Month T-Bill ETF, and $109m on Nov 4, 2026 for iShares HYG Premium Income+ 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, 2026.1.3 pts ahead of HYG
HYGW over 1 year: paid 10.5%, price −6.8%, total +3.9%, HYG +2.6%, +1.3 pts. Data to Nov 4, 2026.
HYG
+2.6%
HYGW
+3.9%
10.5% of it arrived as cash
1.3 pts ahead of HYG
Total return, distributions reinvested
1.3 pts ahead of HYG
HYGW over 1 year: paid 10.5%, price −6.8%, total +3.9%, HYG +2.6%, +1.3 pts. Data to Nov 4, 2026.
HYG
+2.6%
HYGW
+3.9%
10.5% as cash
1.3 pts ahead of HYG
10.5% of it arrived as cash. Both charts share one scale, with zero at the line. HYGW over 1 year: paid 10.5%, price −6.8%, total +3.9%, HYG +2.6%, +1.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
CSHI costs 0.31 points a year less; their one-year returns differ by 0.9 points; CSHI is 19.1 times larger.
Points (pts) are percentage points.
| Measure | CSHI | HYGW |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +4.8% | +3.9% |
| Price change, 1 year | fell 0.1% | fell 6.8% |
| Return of capital, issuer estimate | 24% of the Oct 16, 2026 payment | 64% of the Oct 7, 2026 payment |
| Against its benchmark | ||
| Benchmark | 1-3 month T-bills, measured through BIL | US high yield bonds, measured through HYG |
| Cost and size | ||
| Expense ratio | 0.38% | 0.69% |
| Net assets, as of Oct 28, 2026 | $2.1bn | $110m |
| 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
Sep 9, 2022 to Oct 30, 2026 · 216 weekly returnsEach against its own benchmark: CSHI against BIL, Sep 9, 2022 to Oct 30, 2026; HYGW against HYG, Sep 2, 2022 to Oct 30, 2026.
From Sep 2022 to Oct 2026, CSHI and HYGW returned about the same: +24.2% and +23.8%. CSHI swung less: 1.0% to 3.8%. CSHI fell less at its worst: −1.3% to −4.4%.
Full scorecard
18 measures, with how each is measured Open ↓
| Measure | CSHI | HYGW | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +24.2% | +23.8% | Tie | Price change plus distributions, reinvested. |
| Annualized | +5.4% | +5.3% | Tie | Total return as a yearly rate. |
| Price return | −0.8% | −28.0% | CSHI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.0% | 3.8% | CSHI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.7% | 2.9% | 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. |
| Upside capture | 121.5% | 56.1% | Share of its benchmark's rise caught in the weeks it rose. | |
| Beta | 0.46 | 0.55 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.01 | 0.73 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | 0.18 | CSHI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.91 | 0.23 | CSHI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.014 | 0.020 | Return above Treasury bills per unit of beta. | |
| Calmar | 4.16 | 1.21 | CSHI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | BIL | HYG | The ETF each fund is measured against. | |
| Alpha | +0.8% a year | −0.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.61 | −0.18 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.2% to +1.7% | −2.1% to +1.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.95 | −0.37 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.0% | 3.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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 HYGW 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 | HYGW | CSHI | HYGW | CSHI | HYGW |
| 3 months | +1.0% | −0.3% | 1.2% | 3.0% | +0.1 pts | +0.7 pts |
| 6 months | +2.1% | +1.1% | 2.4% | 5.1% | +0.3 pts | +1.5 pts |
| 1 year | +4.8% | +3.9% | 4.8% | 10.5% | +1.2 pts | +1.3 pts |
| 3 years | +16.6% | +19.1% | 15.8% | 33.2% | +2.7 pts | −5.3 pts |
| Since launchNot the same days: CSHI Aug 2022 · HYGW Aug 2022 | +24.5% | +24.8% | 22.4% | 47.7% | +4.7 pts | −6.1 pts |
Client brief:
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
HYGW
Over the year to Nov 4, 2026, HYGW paid 10.5% of its starting value in cash distributions while its price fell 6.8%. With every distribution reinvested, the fund returned +3.9%. US high yield bonds (HYG) returned +2.6% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 13.8%, paid monthly. iShares estimates that 64% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
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.
Cite this pageCitation, APA and Markdown
ETFIQ, CSHI against HYGW, data as of Nov 4, 2026. https://etfiq.com/compare/income/cshi-vs-hygw
ETFIQ. (Nov 4, 2026). CSHI against HYGW. Retrieved from https://etfiq.com/compare/income/cshi-vs-hygw
[CSHI against HYGW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/cshi-vs-hygw)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.