QAIvsCSHIETF Comparison
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NYLI Hedge Multi-Strategy Tracker ETF (QAI) and NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI) belong to the same industry segment: Multi-Asset: Other. QAI is more expensive with a Total Expense Ratio (TER) of 1.03%, versus 0.38% for CSHI. QAI is up 6.43% year-to-date (YTD) with +$166M in YTD flows. CSHI performs worse with 3.83% YTD performance, and +$1.23B in YTD flows. Run a side-by-side ETF comparison of QAI and CSHI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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QAI vs CSHI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QAI CSHI | -1.12%+0.36% | -1.06%+1.06% | +6.43%+3.83% | +7.28%+4.97% | +28.04%+16.74% | +23.01%n/a |
| Flows | QAI CSHI | +$2M+$186M | -$4M+$570M | +$166M+$1.23B | +$120M+$1.36B | +$264M+$1.84B | +$111M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QAI CSHI | +5.83%+0.23% | +7.09%+0.53% | +6.28%+1.10% | +6.43%n/a |
| Max drawdown | QAI CSHI | -2.98%n/a | -3.74%-0.18% | -7.75%-1.52% | -14.20%n/a |
| Max drawdown duration | QAI CSHI | 60dn/a | 44d6d | 127d20d | 835dn/a |
Trading data
QAI | CSHI | |
Last sale 10/19/2026 at 1:30 PM | $35.75 | $49.61 |
| Previous close 10/16/2026 | $35.65 | $49.59 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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CSHI
is actively managed and doesn’t replicate an indexQAI | CSHI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
QAI | CSHI | |
|---|---|---|
| Last price | $35.75 | $49.61 |
| 1D performance | +0.28% | +0.04% |
| AuM | $989.95 M | $2.03 B |
| E/R | 1.03% | 0.38% |
Characteristics
QAI | CSHI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | New York Life Investments | NEOS Investment Management |
| Benchmark | NYLI Hedge Multi-Strategy Index | - |
| N° of holdings | - | - |
| Asset class | Alternative | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2009 | August 30, 2022 |
| ESG | No | No |
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Exposure
Countries
QAI
Data will be available soon
CSHI
Data will be available soon
Sectors
QAI
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CSHI
Data will be available soon
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Diversification
QAI
Data will be available soon
CSHI
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
QAI
Data will be available soon
CSHI
Data will be available soon
Frequently asked questions about QAI and CSHI
How have the QAI and CSHI ETFs performed in 2026?
As of October 16, 2026, QAI is up 6.43% year-to-date (YTD), while CSHI has returned 3.83%. That puts QAI better performer ahead so far this year.
Which ETF is attracting more investor money: QAI or CSHI?
Year-to-date, the QAI ETF saw +$166M in flows, compared to +$1.23B for CSHI.
Which ETF is more volatile: QAI or CSHI?
Over the past year, QAI had a volatility of 7.09%, while CSHI experienced 0.53%.
Which ETF is bigger: QAI or CSHI?
As of October 16, 2026, QAI holds $989.95 M in assets under management (AUM), while CSHI manages $2.03 B.
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Latest news about QAI & CSHI
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