Data as of Nov 4, 2026.
CSHI vs LQDW: Dividend Yield & Total Return
Over the year to Nov 4, 2026, LQDW paid 11.3% 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 $348m on Nov 3, 2026 for iShares LQD 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, 2026.3.5 pts ahead of LQD
LQDW over 1 year: paid 11.3%, price −9.0%, total +2.4%, LQD −1.1%, +3.5 pts. Data to Nov 4, 2026.
LQD
−1.1%
LQDW
+2.4%
11.3% of it arrived as cash
3.5 pts ahead of LQD
Total return, distributions reinvested
3.5 pts ahead of LQD
LQDW over 1 year: paid 11.3%, price −9.0%, total +2.4%, LQD −1.1%, +3.5 pts. Data to Nov 4, 2026.
LQD
−1.1%
LQDW
+2.4%
3.5 pts ahead of LQD
11.3% of it arrived as cash. Both charts share one scale, with zero at the line. LQDW over 1 year: paid 11.3%, price −9.0%, total +2.4%, LQD −1.1%, +3.5 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
LQDW costs 0.04 points a year less; their one-year returns differ by 2.4 points; CSHI is 5.9 times larger.
Points (pts) are percentage points.
| Measure | CSHI | LQDW |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +4.8% | +2.4% |
| Price change, 1 year | fell 0.1% | fell 9.0% |
| 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 investment grade bonds, measured through LQD |
| Cost and size | ||
| Expense ratio | 0.38% | 0.34% |
| Net assets, as of Oct 28, 2026 | $2.1bn | $353m |
| 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; LQDW against LQD, Sep 2, 2022 to Oct 30, 2026.
From Sep 2022 to Oct 2026, CSHI returned more: +24.2% to +11.4%. CSHI swung less: 1.0% to 5.3%. CSHI fell less at its worst: −1.3% to −7.1%.
Full scorecard
18 measures, with how each is measured Open ↓
| Measure | CSHI | LQDW | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +24.2% | +11.4% | CSHI | Price change plus distributions, reinvested. |
| Annualized | +5.4% | +2.6% | CSHI | Total return as a yearly rate. |
| Price return | −0.8% | −40.6% | CSHI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.0% | 5.3% | CSHI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.7% | 4.2% | CSHI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −1.3% | −7.1% | CSHI | Deepest fall from a high to the low after it. |
| Upside capture | 121.5% | 54.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Beta | 0.46 | 0.58 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.01 | 0.74 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | −0.34 | CSHI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.91 | −0.43 | CSHI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.014 | −0.031 | Return above Treasury bills per unit of beta. | |
| Calmar | 4.16 | 0.37 | CSHI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | BIL | LQD | The ETF each fund is measured against. | |
| Alpha | +0.8% a year | −1.3% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.61 | −0.97 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.2% to +1.7% | −3.9% to +1.3% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.95 | −0.21 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.0% | 4.3% | 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 LQDW 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 | LQDW | CSHI | LQDW | CSHI | LQDW |
| 3 months | +1.0% | +0.3% | 1.2% | 3.6% | +0.1 pts | +1.2 pts |
| 6 months | +2.1% | +0.4% | 2.4% | 5.9% | +0.3 pts | +2.3 pts |
| 1 year | +4.8% | +2.4% | 4.8% | 11.3% | +1.2 pts | +3.5 pts |
| 3 years | +16.6% | +15.7% | 15.8% | 38.0% | +2.7 pts | −1.7 pts |
| Since launchNot the same days: CSHI Aug 2022 · LQDW Aug 2022 | +24.5% | +10.2% | 22.4% | 48.1% | +4.7 pts | −3.2 pts |
Client brief:
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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.
LQDW
Over the year to Nov 4, 2026, LQDW paid 11.3% of its starting value in cash distributions while its price fell 9.0%. With every distribution reinvested, the fund returned +2.4%. US investment grade bonds (LQD) returned −1.1% over the same days, so a holder was ahead by 3.5 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 16.5%, 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.
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ETFIQ, CSHI against LQDW, data as of Nov 4, 2026. https://etfiq.com/compare/income/cshi-vs-lqdw
ETFIQ. (Nov 4, 2026). CSHI against LQDW. Retrieved from https://etfiq.com/compare/income/cshi-vs-lqdw
[CSHI against LQDW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/cshi-vs-lqdw)
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