XCSH ETF — XFUNDS 1-3 Month BOX ETF

XFUNDS 1-3 Month BOX ETF (XCSH)

Updated October 16, 2026.

XCSH is a low-cost ETF linked to U.S. Treasury Bills (1-3 Month). its expense ratio is 0.18%. Total return is 0.6% over the past 0.2 years, 0.9 points ahead of SPY at -0.3%.

XFUNDS 1-3 Month BOX ETF is a cash-alternative fixed income fund from the XFUNDS lineup that seeks to match or exceed the yield of 1-3 month U.S. Treasury Bills using exchange-listed box spread options rather than holding bills directly. A box spread combines offsetting synthetic long and short option positions on the same underlying to create a synthetic short-term bond, an approach that has historically let comparable funds accrue return as price appreciation instead of regular distributions, which can be more tax-efficient than a Treasury or money-market fund for taxable accounts. This fund suits investors parking short-term cash who want T-Bill-like returns in an ETF wrapper, though the options-based structure introduces counterparty and execution considerations that direct Treasury ownership does not carry.

XCSH performance versus SPY

Price and return data through 2026-10-16.

Total return is 0.6% over the past 0.2 years, 0.9 points ahead of SPY at -0.3%.

XCSH key facts

Issuer

Nicholas Wealth Management

Asset type

ETF

Asset class

Fixed Income

Expense ratio

0.18%

Distribution frequency

None

Last close

$100.67 (as of 2026-10-16)

AUM

$11,057,181

Average volume

933.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Nicholas Wealth Management or company page; Index: U.S. Treasury Bills (1-3 Month); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

Who may consider XCSH — and who may not

XCSH may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (XCSH does not currently distribute). This is educational context, not a recommendation to buy or sell.

More on XCSH

• All tickers starting with X

Tagged: Cash, Treasury, Options.

Frequently asked questions

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