Neos Enhanced Income Cash Alternative ETF (CSHI) belongs to the Ultrashort Bond category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CSHI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CSHI
CSHI charges 0.38% annually. There are 58 ETFs in the Ultrashort Bond category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.92B | Sep 2022 | CSHI vs XHLF | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 748.21M | Sep 2022 | CSHI vs XONE | |
| State Street SPDR Portfolio Ultra Short T-Bill ETF | 0.05% | 13.79M | Oct 2025 | CSHI vs SPTU | |
| Xtrackers US 0-1 Year Treasury ETF | 0.06% | — | Oct 2024 | CSHI vs TRSY | |
| Vanguard Ultra-Short Treasury ETF | 0.07% | 928.70M | Feb 2025 | CSHI vs VGUS |
Best Risk-Adjusted Alternatives to CSHI
CSHI has a PortfoliosLab risk / return rank of 99. There are 38 ETFs in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 100 | 91.90B | May 2020 | CSHI vs SGOV | |
| Invesco Short Term Treasury ETF | 100 | 2.52B | Jan 2017 | CSHI vs TBLL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 45.99B | May 2007 | CSHI vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.73B | Jan 2007 | CSHI vs SHV | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 100 | 874.34M | Jun 2023 | CSHI vs BILZ |
Top Performing CSHI Alternatives (YTD)
CSHI is at 2.26% YTD. There are 2 ETFs in the Ultrashort Bond category with higher YTD returns, going as high as 2.39%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| American Century Multisector Floating Income ETF | 2.39% | 22.70M | Mar 2023 | CSHI vs FUSI | |
| Yields for You Income Strategy A ETF | 2.34% | 23.54M | Jan 2025 | CSHI vs YFYA | |
| Angel Oak Ultrashort Income ETF | 1.91% | 1.45B | Oct 2022 | CSHI vs UYLD | |
| Simplify Treasury Option Income ETF | 1.90% | 438.06M | Oct 2022 | CSHI vs BUCK | |
| Invesco Variable Rate Investment Grade ETF | 1.81% | 1.53B | Sep 2016 | CSHI vs VRIG |
Lowest Volatility Alternatives to CSHI
CSHI has 0.86% 1-year volatility. There are 53 ETFs in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Short Term Treasury ETF | 0.19% | 2.52B | Jan 2017 | CSHI vs TBLL | |
| iShares 0-1 Year Treasury Bond ETF | 0.20% | 20.73B | Jan 2007 | CSHI vs SHV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 45.99B | May 2007 | CSHI vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | 0.20% | 91.90B | May 2020 | CSHI vs SGOV | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 0.21% | 874.34M | Jun 2023 | CSHI vs BILZ |
Lowest Drawdown Alternatives to CSHI
CSHI has a 1-year max drawdown of -0.18%. There are 40 ETFs in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | -0.01% | 20.73B | Jan 2007 | CSHI vs SHV | |
| Invesco Short Term Treasury ETF | -0.01% | 2.52B | Jan 2017 | CSHI vs TBLL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 45.99B | May 2007 | CSHI vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.01% | 91.90B | May 2020 | CSHI vs SGOV | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.02% | 874.34M | Jun 2023 | CSHI vs BILZ |
Other ETFs from Neos
The 10 most viewed Neos ETFs shown here include QQQI, SPYI, BTCI and span 8 categories. AUM among these funds goes as high as $12B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income | 68 | 13.43% | 12.25B | Jan 2024 | CSHI vs QQQI | |
| NEOS S&P 500 High Income ETF | Derivative Income, S&P 500 | 71 | 7.72% | 10.07B | Aug 2022 | CSHI vs SPYI | |
| NEOS Bitcoin High Income ETF | Cryptocurrency, Derivative Income | 2 | -22.74% | 1.24B | Oct 2024 | CSHI vs BTCI | |
| NEOS Gold High Income ETF | Derivative Income, Gold | — | 1.64% | 462.95M | Jun 2025 | CSHI vs IAUI | |
| NEOS Russell 2000 High Income ETF | Derivative Income | 73 | 13.36% | 906.31M | Jun 2024 | CSHI vs IWMI | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | Nasdaq-100, Hedge Fund | 62 | 7.91% | 375.87M | Dec 2019 | CSHI vs QQQH | |
| NEOS Real Estate High Income ETF | Derivative Income | 23 | 4.08% | 272.46M | Jan 2025 | CSHI vs IYRI | |
| Neos MLP & Energy Infrastructure High Income ETF | Energy Equities | — | 17.58% | 643.40M | Dec 2025 | CSHI vs MLPI | |
| NEOS MSCI EAFE High Income ETF | Derivative Income | — | 5.84% | 166.96M | Sep 2025 | CSHI vs NIHI | |
| Neos Enhanced Income Aggregate Bond ETF | Intermediate Core-Plus Bond | 50 | 1.29% | 171.12M | Aug 2022 | CSHI vs BNDI |
Often Compared With CSHI
Investors most often compare CSHI with BOXX, HIGH, THTA. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare CSHI with Any Fund or Stock
Compare CSHI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CSHI with funds that move differently
Neos Enhanced Income Cash Alternative ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CSHI.
Explore CSHI Diversifiers