Data as of .
ETCO vs NEHI: which paid, and which earned it?
ETCO and NEHI both write options for income.
What they hold in common
By the books each fund has filed, ETCO and NEHI hold 0% of their money in the same securities at the same weight.
| Only in ETCO | Only in NEHI |
|---|---|
| TREASURY BILL 100.00% | United States Treasury Bill 11/05/2026 49.17% |
| ETHA 10/16/2026 12 C 33.20% | |
| iShares Ethereum Trust ETF 19.39% | |
| ETHA 10/16/2026 12 P -0.16% | |
| ETHA 10/16/2026 22 C -0.48% | |
| ETHA 10/16/2026 20 C -1.10% |
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 Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| ETCO | NEHI | ETCO | NEHI | ETCO | NEHI | |
| 3 months | +18.4% | +40.9% | 11.7% | 9.2% | −36.3 pts | −13.7 pts |
| 6 months | −1.3% | +16.5% | 22.6% | 14.7% | −25.1 pts | −7.2 pts |
| 1 year | −47.4% | not published | 35.2% | not published | −4.8 pts | not published |
| Since launch | −43.1% | −16.3% | 38.1% | 18.6% | −4.7 pts | −0.3 pts |
| ETCO Grayscale Ethereum Covered Call ETF Covered call on ETHA, paying monthly | NEHI NEOS Ethereum High Income ETF Option income on ETHA, paying monthly | |
|---|---|---|
| Issuer | Grayscale | NEOS |
| Strategy | covered call | option income |
| Benchmark | Ether (ETHA) | Ether (ETHA) |
| Pays | monthly | monthly |
| Payout rate, annualized | 19.8% | 31.6% |
| Expense ratio | 0.65% | 0.98% |
| Cash paid, 1 year | 35.2% | 18.6% (since launch on Dec 3, 2025) |
| Price change, 1 year | −75.5% | −36.5% |
| Total return, 1 year | −47.4% | −16.3% (since launch on Dec 3, 2025) |
| Benchmark return, 1 year | −42.6% | −16.0% |
| Ahead or behind | −4.8 pts | −0.3 pts |
| Return of capital, latest estimate | not published | 93% |
| Age | 379 days | 289 days |
| Net assets | $4m | $110m |
ETCO in plain words
Over the year to Sep 18, 2026, ETCO paid 35.2% of its starting value in cash distributions while its price fell 75.5%. With every distribution reinvested, the fund returned −47.4%. Ether (ETHA) returned −42.6% over the same days, so a holder was behind by 4.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 19.8%, paid monthly.
NEHI in plain words
Over the period since launch on Dec 3, 2025 to Sep 18, 2026, NEHI paid 18.6% of its starting value in cash distributions while its price fell 36.5%. With every distribution reinvested, the fund returned −16.3%. Ether (ETHA) returned −16.0% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 31.6%, paid monthly. NEOS estimates that 93% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, ETCO or NEHI?
- ETCO charges 0.65% a year and NEHI charges 0.98%, so ETCO 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.
Cite this page. ETFIQ, ETCO against NEHI, data as of Sep 18, 2026. https://etfiq.com/compare/income/etco-vs-nehi Free to use with attribution; the underlying files are at Open data.