Shareholder Report | 12 Months Ended |
May 31, 2024 USD ($) $ / shares |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | NEOS ETF Trust |
Entity Central Index Key | 0001848758 |
Entity Investment Company Type | N-1A |
Document Period End Date | May 31, 2024 |
NEOS Enhanced Income 1-3 Month T-Bill ETF | |
Shareholder Report [Line Items] | |
Fund Name | NEOS Enhanced Income 1-3 Month T-Bill ETF |
Class Name | NEOS Enhanced Income 1-3 Month T-Bill ETF |
Trading Symbol | CSHI |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the NEOS Enhanced Income 1-3 Month T-Bill ETF for the period of June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at www.neosfunds.com . You can also request this information by contacting us at (866) 498-5677 . |
Additional Information Phone Number | (866) 498-5677 |
Additional Information Website | www.neosfunds.com |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment NEOS Enhanced Income 1-3 Month T-Bill ETF $39 0.38% |
Expenses Paid, Amount | $ 39 |
Expense Ratio, Percent | 0.38% |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the fiscal year ended May 31, 2024, the NEOS Enhanced Income 1-3 Month T Bill ETF market value return was 5.74% and its net asset value (“NAV”) return was 5.80% compared to its reference index, the Bloomberg 1-3 Month U.S. Treasury Bill Index, which returned 5.51%. The Fund’s market value per share as of the market close of the last trading day of the reporting period was $49.80. We believe the Fund’s outperformance relative to its reference index for the reporting period is attributable to the put options overlay, which generated additional monthly income for the Fund while maintaining tax efficiency. |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (08/30/2022) NEOS Enhanced Income 1-3 Month T-Bill ETF NAV 5.80 5.71 NEOS Enhanced Income 1-3 Month T-Bill ETF Market 5.74 5.70 Bloomberg U.S. Aggregate Bond Index 1.31 0.45 Bloomberg U.S. Treasury Bills: 1-3 Months 5.51 4.87 |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
Updated Performance Information Location [Text Block] | Visit www.neosfunds.com for more recent performance information. Visit www.neosfunds.com for more recent performance information. |
Net Assets | $ 441,773,695 |
Holdings Count | $ / shares | 23 |
Advisory Fees Paid, Amount | $ 915,994 |
Investment Company Portfolio Turnover | 0% |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of May 31, 2024) Net Assets $441,773,695 Number of Holdings 23 Net Advisory Fee $915,994 Portfolio Turnover 0% 30-Day SEC Yield 5.06% 30-Day SEC Yield Unsubsidized 5.06% Distribution Yield 5.54% |
Holdings [Text Block] | Top 10 Issuers (% of net assets) United States Treasury Bills 99.8% First American Treasury Obligations Fund 0.2% Northern U.S. Government Select Money Market Fund 0.1% S&P 500 Index 0.0% |
Material Fund Change [Text Block] | HOW HAS THE FUND CHANGED? During the year the Fund changed its name from the NEOS Enhanced Income Cash Alternative ETF to the NEOS Enhanced Income 1-3 Month T-Bill ETF to better reflect the holdings of the ETF. |
Updated Prospectus Web Address | www.neosfunds.com |
NEOS Enhanced Income Aggregate Bond ETF | |
Shareholder Report [Line Items] | |
Fund Name | NEOS Enhanced Income Aggregate Bond ETF |
Class Name | NEOS Enhanced Income Aggregate Bond ETF |
Trading Symbol | BNDI |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the NEOS Enhanced Income Aggregate Bond ETF for the period of June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at www.neosfunds.com . You can also request this information by contacting us at (866) 498-5677 . |
Additional Information Phone Number | (866) 498-5677 |
Additional Information Website | www.neosfunds.com |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment NEOS Enhanced Income Aggregate Bond ETF $55 0.55% |
Expenses Paid, Amount | $ 55 |
Expense Ratio, Percent | 0.55% |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the fiscal year ended May 31, 2024, the NEOS Enhanced Income Aggregate Bond ETF market value return was 1.69% and its net asset value (“NAV”) return was 1.74% compared to its reference index, the Bloomberg U.S. Aggregate Bond Index, which returned 1.31%. The Fund’s market value per share as of the market close of the last trading day of the reporting period was $46.65. We believe the Fund’s relative outperformance during the reporting period is attributable to its put options overlay, which generated additional monthly income for the Fund while maintaining tax efficiency. |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (08/30/2022) NEOS Enhanced Income Aggregate Bond ETF NAV 1.74 1.48 NEOS Enhanced Income Aggregate Bond ETF Market 1.69 1.51 Bloomberg US Aggregate Bond Index 1.31 0.45 |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
Updated Performance Information Location [Text Block] | Visit www.neosfunds.com for more recent performance information. Visit www.neosfunds.com for more recent performance information. |
Net Assets | $ 11,188,552 |
Holdings Count | $ / shares | 10 |
Advisory Fees Paid, Amount | $ 31,745 |
Investment Company Portfolio Turnover | 1% |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of May 31, 2024) Net Assets $11,188,552 Number of Holdings 10 Net Advisory Fee $31,745 Portfolio Turnover 1% 30-Day SEC Yield 2.88% 30-Day SEC Yield Unsubsidized 2.85% Distribution Yield 5.06% |
Holdings [Text Block] | Top 10 Issuers (% of net assets) Vanguard Total Bond Market ETF 49.9% iShares Core U.S. Aggregate Bond ETF 49.8% First American Treasury Obligations Fund 0.2% Northern U.S. Government Select Money Market Fund 0.1% S&P 500 Index 0.0% |
Updated Prospectus Web Address | www.neosfunds.com |
NEOS Nasdaq-100® High Income ETF | |
Shareholder Report [Line Items] | |
Fund Name | NEOS Nasdaq-100® High Income ETF |
Class Name | NEOS Nasdaq-100® High Income ETF |
Trading Symbol | QQQI |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the NEOS Nasdaq-100® High Income ETF for the period of January 30, 2024 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at www.neosfunds.com . You can also request this information by contacting us at (866) 498-5677 . |
Additional Information Phone Number | (866) 498-5677 |
Additional Information Website | www.neosfunds.com |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment NEOS Nasdaq-100® High Income ETF $23* 0.68% |
Expenses Paid, Amount | $ 23 |
Expense Ratio, Percent | 0.68% |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? From January 30, 2024, the Fund’s inception date, through May 31, 2024, the NEOS Nasdaq-100® High Income ETF market value return was 5.72% and its net asset value (“NAV”) return was 5.75% compared to its reference index, the Nasdaq-100® Index, which returned 5.68%. The Fund’s market value per share as of the market close of the last trading day of the reporting period was $50.42. We believe the Fund’s relative outperformance during the reporting period is attributable to the active laddered call strategy utilizing NDX Index options which allowed for the underlying equities to participate with more of the upside during market moves higher and dampen the downside during months when the Nasdaq-100® Index moved lower. Top Contributors ↑ NVIDIA Corp ↑ Meta Platforms Inc. CL A ↑ Qualcomm Inc Top Detractors ↓ Adobe Inc. ↓ Intel Corp ↓ Tesla Inc. |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | CUMULATIVE TOTAL RETURN (%) Since Inception (01/30/2024) NEOS Nasdaq-100® High Income ETF NAV 5.75 NEOS Nasdaq-100® High Income ETF Market 5.72 NASDAQ Composite Index 7.39 NASDAQ-100® Index 5.68 |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
Updated Performance Information Location [Text Block] | Visit www.neosfunds.com for more recent performance information. Visit www.neosfunds.com for more recent performance information. |
Net Assets | $ 215,817,287 |
Holdings Count | $ / shares | 104 |
Advisory Fees Paid, Amount | $ 175,260 |
Investment Company Portfolio Turnover | 3% |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of May 31, 2024) Net Assets $215,817,287 Number of Holdings 104 Net Advisory Fee $175,260 Portfolio Turnover 3% 30-Day SEC Yield 0.28% 30-Day SEC Yield Unsubsidized 0.28% Distribution Yield 14.56% |
Holdings [Text Block] | Top 10 Issuers (% of net assets) Microsoft Corp. 8.7% Apple, Inc. 8.1% NVIDIA Corp. 7.6% Alphabet, Inc. 5.7% Amazon.com, Inc. 5.2% Meta Platforms, Inc. 4.6% Broadcom, Inc. 4.5% Costco Wholesale Corp. 2.6% Tesla, Inc. 2.5% Advanced Micro Devices, Inc. 2.0% |
Updated Prospectus Web Address | www.neosfunds.com |
NEOS S&P 500® High Income ETF | |
Shareholder Report [Line Items] | |
Fund Name | NEOS S&P 500 High Income ETF |
Class Name | NEOS S&P 500 High Income ETF |
Trading Symbol | SPYI |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the NEOS S&P 500 High Income ETF for the period of June 1, 2023 to May 31, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at www.neosfunds.com . You can also request this information by contacting us at (866) 498-5677 . |
Additional Information Phone Number | (866) 498-5677 |
Additional Information Website | www.neosfunds.com |
Expenses [Text Block] | WHAT WERE THE FUND COSTS FOR THE PAST YEAR? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment NEOS S&P 500 High Income ETF $73 0.68% |
Expenses Paid, Amount | $ 73 |
Expense Ratio, Percent | 0.68% |
Factors Affecting Performance [Text Block] | HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE? For the fiscal year ended May 31, 2024, the NEOS S&P 500® High Income ETF market value return was 15.76% and its net asset value (“NAV”) return was 15.79% compared to its reference index, the S&P 500® Index, which returned 28.19%. The Fund’s market value per share as of the market close of the last trading day of the reporting period was $49.58. We believe the Fund’s relative underperformance during the reporting period is attributable to the active short SPX Index laddered call strategy which prevented the underlying equity portfolio from fully participating with the market upside during the sharp rally in the S&P 500® Index for specific months. Top Contributors ↑ NVIDIA Corp ↑ Amazon.com Inc ↑ Meta Platforms Inc. CL A Top Detractors ↓ Bristol-Myers Squibb Co ↓ Nike Inc. Class B. ↓ Pfizer Inc. |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year Since Inception (08/30/2022) NEOS S&P 500® High Income ETF NAV 15.79 12.58 NEOS S&P 500® High Income ETF Market 15.76 12.66 S&P 500® Index 28.19 18.53 |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
Updated Performance Information Location [Text Block] | Visit www.neosfunds.com for more recent performance information. Visit www.neosfunds.com for more recent performance information. |
Net Assets | $ 1,383,897,779 |
Holdings Count | $ / shares | 506 |
Advisory Fees Paid, Amount | $ 3,831,430 |
Investment Company Portfolio Turnover | 14% |
Additional Fund Statistics [Text Block] | KEY FUND STATISTICS (as of May 31, 2024) Net Assets $1,383,897,779 Number of Holdings 506 Net Advisory Fee $3,831,430 Portfolio Turnover 14% 30-Day SEC Yield 0.84% 30-Day SEC Yield Unsubsidized 0.84% Distribution Yield 12.11% |
Holdings [Text Block] | Top 10 Issuers (% of net assets) Microsoft Corp. 7.1% Apple, Inc. 6.5% NVIDIA Corp. 6.3% Alphabet, Inc. 4.5% Amazon.com, Inc. 3.7% Meta Platforms, Inc. 2.4% Berkshire Hathaway, Inc. 1.8% Eli Lilly & Co. 1.5% JPMorgan Chase & Co. 1.4% Broadcom, Inc. 1.4% |
Updated Prospectus Web Address | www.neosfunds.com |