Which paid more, CSHI or TLTX?

Over the year to Nov 4, 2026, CSHI paid 4.8% of its starting price in cash and TLTX paid 15.0%, so TLTX 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 TLTX?

With every distribution reinvested, CSHI returned +4.8% and TLTX −4.3% over the year to Nov 4, 2026.

Which is cheaper, CSHI or TLTX?

CSHI charges 0.38% a year and TLTX charges 0.29%, so TLTX is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

CSHI vs TLTX: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, TLTX paid 15.0% 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 $17m on Oct 12, 2026 for Global X Treasury Bond Enhanced Income ETF.

CSHI on its own →TLTX on its own →

At a glance

4.8%

CSHI cash paid, 1 year

15.0%

TLTX cash paid, 1 year

+4.8%

CSHI total return, 1 year

−4.3%

TLTX 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% 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.

TLTX · 1 year to Nov 4, 2026 Not measured

TLTX

−4.3%

none

Not measured

TLTX over 1 year: paid 15.0%, price −19.0%, total −4.3%, not measured against a benchmark. Data to Nov 4, 2026.

TLTX

−4.3%

Total return, distributions reinvested

Not measured

TLTX over 1 year: paid 15.0%, price −19.0%, total −4.3%, not measured against a benchmark. Data to Nov 4, 2026.

TLTX

−4.3%

15.0% of it arrived as cash. Both charts share one scale, with zero at the line. TLTX over 1 year: paid 15.0%, price −19.0%, total −4.3%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

TLTX costs 0.09 points a year less; their one-year returns differ by 9.1 points; CSHI is far larger, $2.0bn against $17m.

Points (pts) are percentage points.

CSHI vs TLTX: Dividend Yield & Total Return
Measure	CSHI	TLTX
Paid and earned
Measure	CSHI	TLTX
Total return, 1 year	+4.8%	−4.3%
Price change, 1 year	fell 0.1%	fell 19.0%
Return of capital, issuer estimate	24% of the Oct 16, 2026 payment	71% of the Sep 24, 2026 payment
Against its benchmark
Measure	CSHI	TLTX
Benchmark	1-3 month T-bills, measured through BIL	not published
Cost and size
Measure	CSHI	TLTX
Expense ratio	0.38%	0.29%
Net assets, as of Oct 12, 2026	$2.0bn	$17m
Holdings
Measure	CSHI	TLTX
Holdings in common	0%

Method

Risk and return

Jul 25, 2025 to Oct 30, 2026 · 66 weekly returns

CSHI TLTX

Return

Total return edge CSHI +6.2% +1.1%

Annualized edge CSHI +4.9% +0.8%

Price return edge CSHI −0.1% −18.4%

Risk

Volatility edge CSHI 0.5% 8.1%

Max drawdown edge CSHI −0.1% −10.3%

Risk-adjusted

Sharpe edge CSHI 1.86 −0.33

Sortino edge CSHI 3.51 −0.43

Calmar Not measured 0.08

Reading

From Jul 2025 to Oct 2026, CSHI returned more: +6.2% to +1.1%. CSHI swung less: 0.5% to 8.1%. CSHI fell less at its worst: −0.1% to −10.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: CSHI vs TLTX: Dividend Yield & Total Return
Measure	CSHI	TLTX	Edge	How it is measured
Return
Total return	+6.2%	+1.1%	CSHI	Price change plus distributions, reinvested.
Annualized	+4.9%	+0.8%	CSHI	Total return as a yearly rate.
Price return	−0.1%	−18.4%	CSHI	Price change alone, distributions left out.
Risk
Volatility	0.5%	8.1%	CSHI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.3%	6.3%	CSHI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−0.1%	−10.3%	CSHI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.86	−0.33	CSHI	Return above Treasury bills per unit of volatility.
Sortino	3.51	−0.43	CSHI	Return above Treasury bills per unit of downside deviation.
Calmar	Not measured	0.08		Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 66 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, CSHI and TLTX hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first CSHI TLTX

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 TLTX

Global X Long-Term Treasury Ladder ETF 41.05%

United States of America 9.28%

United States of America 8.42%

United States of America 7.19%

United States of America 6.34%

United States of America 5.90%

United States of America 4.22%

United States of America 3.93%

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 TLTX Global X Treasury Bond Enhanced Income ETF · Covered call, paying monthly

Issuer NEOS Global X

Strategy put-selling overlay covered call

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

Pays monthly monthly

Payout rate, annualized 5.0% 18.1%

Expense ratio 0.38% 0.29%

Cash paid, 1 year 4.8% 15.0%

Price change, 1 year −0.1% −19.0%

Total return, 1 year +4.8% −4.3%

Benchmark return, 1 year +3.7% not published

Ahead or behind +1.1 pts not available

Return of capital, latest estimate 24% 71%

Age 4.2 years 1.3 years

Net assets, CSHI as of Oct 28, 2026 and TLTX as of Oct 12, 2026 $2.1bn $17m

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 TLTX: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	CSHI	TLTX	CSHI	TLTX	CSHI	TLTX
3 months	+1.0%	+0.5%	1.2%	4.2%	+0.1 pts	not measured
6 months	+2.1%	−2.4%	2.4%	7.7%	+0.3 pts	not measured
1 year	+4.8%	−4.3%	4.8%	15.0%	+1.2 pts	not measured
3 years	+16.6%	–	15.8%	–	+2.7 pts	–
Since launchNot the same days: CSHI Aug 2022 · TLTX Jul 2025	+24.5%	+3.2%	22.4%	20.3%	+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.

TLTX

Over the year to Nov 4, 2026, TLTX paid 15.0% of its starting value in cash distributions while its price fell 19.0%. With every distribution reinvested, the fund returned −4.3%. At its price on Nov 4, 2026 the latest distribution annualizes to 18.1%, paid monthly. Global X estimates that 71% of the distribution paid Sep 24, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, CSHI or TLTX?: Over the year to Nov 4, 2026, CSHI paid 4.8% of its starting price in cash and TLTX paid 15.0%, so TLTX 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 TLTX?: With every distribution reinvested, CSHI returned +4.8% and TLTX −4.3% over the year to Nov 4, 2026.
Which is cheaper, CSHI or TLTX?: CSHI charges 0.38% a year and TLTX charges 0.29%, so TLTX is cheaper. Fees come from each fund's prospectus.

Other comparisons

CSHI vs HYBI CSHI vs HYBL CSHI vs HYGM CSHI vs BUCK TLTX vs TSYW TLTX vs FIYY TLTX vs HYGM TLTX vs HYBL

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 →TLTX on its own →CSHI dividend history →CSHI holdings →TLTX dividend history →TLTX 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 ↗

TLTX filings on SEC EDGAR ↗

TLTX prospectus with the expense ratio (SEC) ↗

TLTX 19a-1 distribution notice ↗

Global X page for TLTX ↗

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

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