Which is cheaper, CSHI or LQDM?

CSHI charges 0.38% a year and LQDM charges 0.54%, so CSHI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CSHI vs LQDM: Dividend Yield & Total Return

CSHI and LQDM both write options for income.

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Net assets: $2.1bn on Oct 28, 2026 for NEOS Enhanced Income 1-3 Month T-Bill ETF, and $4.1m on Nov 3, 2026 for Amplify LQD Investment Grade 12% Target Income ETF.

CSHI on its own →LQDM on its own →

At a glance

4.8%

CSHI cash paid, 1 year

5.8%

LQDM cash paid, since launch, Apr 21, 2026

+4.8%

CSHI total return, 1 year

−1.4%

LQDM total return, since launch, Apr 21, 2026

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.

LQDM · since launch to Nov 4, 2026 0.6 pts ahead of LQD

LQDM

−1.4%

LQD

−2.0%

0.6 pts ahead of LQD

LQDM since launch: paid 5.8%, price −7.2%, total −1.4%, LQD −2.0%, +0.6 pts. Data to Nov 4, 2026.

LQD

−2.0%

LQDM

−1.4%

0.6 pts ahead of LQD

Total return, distributions reinvested

0.6 pts ahead of LQD

LQDM since launch: paid 5.8%, price −7.2%, total −1.4%, LQD −2.0%, +0.6 pts. Data to Nov 4, 2026.

LQD

−2.0%

LQDM

−1.4%

0.6 pts ahead of LQD

5.8% of it arrived as cash. Both charts share one scale, with zero at the line. LQDM since launch: paid 5.8%, price −7.2%, total −1.4%, LQD −2.0%, +0.6 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

CSHI costs 0.16 points a year less; CSHI is far larger, $2.1bn against $4.2m.

Points (pts) are percentage points.

CSHI vs LQDM: Dividend Yield & Total Return
Measure	CSHI	LQDM
Paid and earned
Measure	CSHI	LQDM
Total return, 1 year	+4.8%	not published
Price change	fell 0.1% (1 year)	fell 7.2% (since Apr 21, 2026)
Return of capital, issuer estimate	24% of the Oct 16, 2026 payment	65% of the Oct 30, 2026 payment
Against its benchmark
Measure	CSHI	LQDM
Benchmark	1-3 month T-bills, measured through BIL	US investment grade bonds, measured through LQD
Cost and size
Measure	CSHI	LQDM
Expense ratio	0.38%	0.54%
Net assets, as of Oct 28, 2026	$2.1bn	$4.2m
Holdings
Measure	CSHI	LQDM
Holdings in common	0%

Method

What they share

By the books each fund has filed, CSHI and LQDM hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CSHI LQDM

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 LQDM

iShares iBoxx USD Investment Grade Corporate Bond ETF 99.84%

LQD 11/06/2026 104.27 C -0.20%

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 LQDM Amplify LQD Investment Grade 12% Target Income ETF · Option income on LQD, paying monthly

Issuer NEOS Amplify

Strategy put-selling overlay option income

Benchmark 1-3 month T-bills (BIL) US investment grade bonds (LQD)

Pays monthly monthly

Payout rate, annualized 5.0% 12.1%

Expense ratio 0.38% 0.54%

Cash paid, 1 year 4.8% 5.8% (since launch, Apr 21, 2026)

Price change, 1 year −0.1% −7.2% (since launch, Apr 21, 2026)

Total return, 1 year +4.8% −1.4% (since launch, Apr 21, 2026)

Benchmark return, 1 year +3.7% −2.0% (since launch, Apr 21, 2026)

Ahead or behind +1.1 pts +0.6 pts (since launch, Apr 21, 2026)

Return of capital, latest estimate 24% 65%

Age 4.2 years 197 days

Net assets, CSHI as of Oct 28, 2026 and LQDM as of Nov 3, 2026 $2.1bn $4.1m

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 LQDM: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CSHI	LQDM	CSHI	LQDM	CSHI	LQDM
3 months	+1.0%	−0.5%	1.2%	2.9%	+0.1 pts	+0.4 pts
6 months	+2.1%	−1.4%	2.4%	5.8%	+0.3 pts	+0.6 pts
1 year	+4.8%	–	4.8%	–	+1.2 pts	–
3 years	+16.6%	–	15.8%	–	+2.7 pts	–
Since launchNot the same days: CSHI Aug 2022 · LQDM Apr 2026	+24.5%	−1.4%	22.4%	5.8%	+4.7 pts	+0.6 pts

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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.

LQDM

Over the period from its first trade on Apr 21, 2026 to Nov 4, 2026, LQDM paid 5.8% of its starting value in cash distributions while its price fell 7.2%. With every distribution reinvested, the fund returned −1.4%. US investment grade bonds (LQD) returned −2.0% over the same days, so a holder was ahead by 0.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.1%, paid monthly. Amplify estimates that 65% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, CSHI or LQDM?: CSHI charges 0.38% a year and LQDM charges 0.54%, so CSHI is cheaper. Fees come from each fund's prospectus.

Other comparisons

CSHI vs LQTI CSHI vs LQDW CSHI vs TSYW CSHI vs FIYY LQDM vs TLTW LQDM vs LQDW LQDM vs HYBI LQDM vs LQTI

Where to next

1-3 month T-bills (BIL) →US investment grade bonds (LQD) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →CSHI on its own →LQDM on its own →CSHI dividend history →CSHI holdings →LQDM dividend history →LQDM 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 ↗

LQDM filings on SEC EDGAR ↗

LQDM prospectus with the expense ratio (SEC) ↗

LQDM 19a-1 distribution notice ↗

Amplify page for LQDM ↗

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 LQDM, data as of Nov 4, 2026. https://etfiq.com/compare/income/cshi-vs-lqdm

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