Neos Investments is a U.S.-based ETF provider specializing in option income strategies designed for tax efficiency. Neos ETFs apply options overlays to broad equity and fixed income indices — including the S&P 500 and Nasdaq — to generate monthly income distributions while targeting improved after-tax outcomes compared to traditional covered call funds. The Neos ETF list spans equity and fixed income option income strategies. This page lets you compare Neos ETFs on expense ratio, historical returns, dividend yield, max drawdown, Sharpe ratio, Sortino ratio, and Risk/Return Score — useful for evaluating tax-efficient income strategies for portfolio construction or long-term investing.

Neos

The NEOS Enhanced Income 1-3 Month T-Bill ETF is actively managed to generate tax-efficient monthly income by investing primarily in 1-3 month U.S. Treasury bills and applying a data-driven S&P 500 Index put-option strategy.

NYSEArca

CSHI

The fund is an actively-managed ETF that aims to achieve high monthly income by investing in ETFs that track the Russell 2000® Index and employing a call options strategy, primarily through writing call options on that index.

Cboe US

IWMI

The ETF aims to achieve total return through income and capital appreciation while providing tax-efficient monthly income. It invests in High-Yield and Investment Grade Securities using a proprietary quantitative model, coupled with a data-driven put option strategy, primarily via other ETFs focused on debt securities.

NasdaqGM

HYBI

The NEOS S&P 500 High Income ETF (SPYI) aims to provide high monthly income to investors while managing their tax liabilities effectively. The Fund invests in the components of the S&P 500 Index and uses a data-informed call option strategy, which involves both selling and purchasing SPX index options, in order to capitalize on potential gains during equity market upswings.

Symbol	Name	Sharpe Ratio (1Y)	Sharpe Ratio (5Y)	Sharpe Ratio (10Y)	Risk / Return Rank
CSHI	NEOS Enhanced Income 1-3 Month T-Bill ETF	5.99	—	—	99
IWMI	NEOS Russell 2000 High Income ETF	2.19	—	—	86
HYBI	NEOS Enhanced Income Credit Select ETF	2.02	—	—	86
SPYI	NEOS S&P 500 High Income ETF	1.88	—	—	74
BNDI	Neos Enhanced Income Aggregate Bond ETF	1.54	—	—	58

Top Neos ETFs by Sharpe Ratio

Top Neos ETFs by Sharpe Ratio