BSCQ vs. CSHI
BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) and CSHI (NEOS Enhanced Income 1-3 Month T-Bill ETF) are both exchange-traded funds - BSCQ is a Corporate Bonds fund tracking the NASDAQ BulletShares USD Corporate Bond 2026 Index, while CSHI is a Ultrashort Bond fund actively managed by Neos. BSCQ is passively managed, while CSHI is actively managed. Over the past 3 years, BSCQ returned 5.17%/yr vs 5.40%/yr for CSHI. At a 0.04 correlation, their price movements are largely independent. BSCQ charges 0.10%/yr vs 0.38%/yr for CSHI.
Performance
BSCQ vs. CSHI - Performance Comparison
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Returns By Period
In the year-to-date period, BSCQ achieves a 1.68% return, which is significantly lower than CSHI's 2.39% return.
BSCQ
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 1.68%
- 6M
- 1.78%
- 1Y
- 4.21%
- 3Y*
- 5.17%
- 5Y*
- 1.51%
- 10Y*
- —
CSHI
- 1D
- -0.02%
- 1M
- 0.27%
- YTD
- 2.39%
- 6M
- 2.58%
- 1Y
- 5.11%
- 3Y*
- 5.40%
- 5Y*
- —
- 10Y*
- —
BSCQ vs. CSHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 1.68% | 5.02% | 4.86% | 5.71% | -0.80% |
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF | 2.39% | 5.05% | 5.66% | 6.21% | 1.39% |
Correlation
The correlation between BSCQ and CSHI is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | 0.04 |
The correlation between BSCQ and CSHI shifts across timeframes, from -0.11 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSCQ vs. CSHI — Risk / Return Rank
BSCQ
CSHI
BSCQ vs. CSHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSCQ | CSHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +5.07 | ||
| Omega ratioGain probability vs. loss probability | 3.40 | 2.59 | +0.81 |
| Calmar ratioReturn relative to maximum drawdown | 41.36 | 24.19 | +17.17 |
| Martin ratioReturn relative to average drawdown | 181.24 | 129.69 | +51.55 |
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Drawdowns
BSCQ vs. CSHI - Drawdown Comparison
The maximum BSCQ drawdown since its inception was -16.50%, which is greater than CSHI's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for BSCQ and CSHI.
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Drawdown Indicators
| BSCQ | CSHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -1.69% | -14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -0.21% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -1.13% | -1.69% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.02% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -0.03% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.04% | -0.02% |
Volatility
BSCQ vs. CSHI - Volatility Comparison
The current volatility for Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) is 0.12%, while NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI) has a volatility of 0.33%. This indicates that BSCQ experiences smaller price fluctuations and is considered to be less risky than CSHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCQ | CSHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 0.33% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.42% | 0.60% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.61% | 0.90% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.29% | 1.33% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 1.33% | +3.42% |
BSCQ vs. CSHI - Expense Ratio Comparison
BSCQ has a 0.10% expense ratio, which is lower than CSHI's 0.38% expense ratio.
Dividends
BSCQ vs. CSHI - Dividend Comparison
BSCQ's dividend yield for the trailing twelve months is around 4.11%, less than CSHI's 5.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 4.11% | 4.14% | 4.05% | 3.53% | 2.54% | 1.91% | 2.42% | 2.96% | 3.32% | 2.92% | 0.51% |
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF | 5.31% | 5.11% | 5.72% | 6.15% | 1.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSCQ and CSHI have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSHI has higher volatility (0.33%) compared to BSCQ (0.12%). In terms of maximum drawdown, BSCQ dropped -16.50% vs CSHI's -1.69%.
On 3-year performance, CSHI leads with 5.40% vs 5.17% for BSCQ. On fees, BSCQ is cheaper at 0.10% per year. On volatility, BSCQ has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CSHI has performed better with a 5.40% return vs 5.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSCQ is cheaper with a 0.10% expense ratio, compared with 0.38% for CSHI.
CSHI has the higher dividend yield at 5.31%, compared with 4.11% for BSCQ.
BSCQ is categorized as Corporate Bonds, while CSHI is Ultrashort Bond. They also come from different issuers: Invesco and Neos. Their fees differ too: 0.10% for BSCQ and 0.38% for CSHI.
BSCQ currently has the higher Sharpe Ratio (6.97 vs 5.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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