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ETFs

NEOS Enhanced Income Cash Alternative ETF

CSHI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 30 2022
Expense Ratio
0.38%
Type
US Bonds
Fund Owner
NEOS Funds
Volume (1m avg. daily)
$2,186,411
AUM
$156,950,640
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

912797HD2
UNITED STATES TREAS BILLS 10/31/2023
25.38%
912797HL4
UNITED STATES TREAS BILLS 11/21/2023
23.71%
912796ZD4
UNITED STATES TREAS BILLS 11/30/2023
12.88%
912797FU6
UNITED STATES TREAS BILLS 12/14/2023
10.15%
912797FK8
UNITED STATES TREAS BILLS 11/16/2023
4.76%
912797FB8
UNITED STATES TREAS BILLS 10/19/2023
4.31%
912797HN0
UNITED STATES TREAS BILLS 12/05/2023
4.07%
912797FT9
UNITED STATES TREAS BILLS 12/07/2023
3.48%
912797HC4
UNITED STATES TREAS BILLS 10/24/2023
3.35%
912797FA0
UNITED STATES TREAS BILLS 10/12/2023
1.80%
Invest with CSHI

What is CSHI?

The Fund seeks to distribute monthly income generated from investing in a portfolio of 1-3 month Treasury Bills and implementing a data-driven put option strategy. Actively managed by NEOS, the Fund seeks to take advantage of tax loss harvesting opportunities in addition to utilizing SPX Index options classified as section 1256 contracts, which are subject to lower 60/40 tax rates. The Fund utilizes a put option strategy consisting of written (sold) and purchased put options on the SPX index that seeks to enhance the income generated from the underying T-Bills while maintaining a low risk profile.

ETFs related toCSHI

ETFs correlated to CSHI include PUTW, CVRD, FTHI

CSHI
NEOS ETF Trust - NEOS Enhanced Income Cash Alternative ETF
PUTW
WisdomTree Trust - WisdomTree PutWrite Strategy Fund
CVRD
Madison ETFs Trust - Madison Covered Call ETF
FTHI
First Trust Exchange-Traded Fund VI - First Trust BuyWrite Income ETF
IAI
BlackRock Institutional Trust Company N.A. - iShares U.S. Broker-Dealers ETF
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
XDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December
DIVB
BlackRock Institutional Trust Company N.A. - iShares Core Dividend ETF
CDL
Victory Portfolios II - VictoryShares US Large Cap High Div Volatility Wtd ETF
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCSHI

#ROT

Ride the Oil Trend

Category

Featured, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CSHI using Composer

FAQ

CSHI is a US Bonds ETF. The Fund seeks to distribute monthly income generated from investing in a portfolio of 1-3 month Treasury Bills and implementing a data-driven put option strategy. Actively managed by NEOS, the Fund seeks to take advantage of tax loss harvesting opportunities in addition to utilizing SPX Index options classified as section 1256 contracts, which are subject to lower 60/40 tax rates. The Fund utilizes a put option strategy consisting of written (sold) and purchased put options on the SPX index that seeks to enhance the income generated from the underying T-Bills while maintaining a low risk profile.

Yes, CSHI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CSHI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CSHI is 0.0042%. This is the percent change in the value of CSHI over the most recent 1-month period. The 3-month return on CSHI is 0.0073%. This is the percent change in the value of CSHI over the most recent 3-month period.

The standard deviation of CSHI for the past year is 0.0185%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CSHI include SHY, BIL, and TLT.

ETFs correlated to CSHI include PUTW, CVRD, and FTHI.

ETFs that are inversely correlated to CSHI include DXD, CYA, and SDOW.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.