CGUI vs. CSHI

Last updated Jun 4, 2026

CGUI (Capital Group Ultra Short Income ETF) and CSHI (Neos Enhanced Income Cash Alternative ETF) are both Ultrashort Bond funds. CGUI is actively managed, while CSHI is passively managed. Over the past year, CGUI returned 4.42% vs 5.25% for CSHI. At a 0.14 correlation, their price movements are largely independent. CGUI charges 0.18%/yr vs 0.38%/yr for CSHI.

Performance

CGUI vs. CSHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Ultra Short Income ETF (CGUI) and Neos Enhanced Income Cash Alternative ETF (CSHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGUI achieves a 1.50% return, which is significantly lower than CSHI's 2.26% return.

CGUI

• 1D: -0.04%
• 1M: 0.29%
• YTD: 1.50%
• 6M: 1.84%
• 1Y: 4.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHI

• 1D: 0.02%
• 1M: 0.37%
• YTD: 2.26%
• 6M: 2.59%
• 1Y: 5.25%
• 3Y*: 5.45%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGUI vs. CSHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGUI Capital Group Ultra Short Income ETF	1.50%	4.99%	3.03%
CSHI Neos Enhanced Income Cash Alternative ETF	2.26%	5.05%	2.95%

Correlation

The correlation between CGUI and CSHI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024	0.14

Return for Risk

CGUI vs. CSHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGUI

CGUI Risk / Return Rank: 99
CGUI Sharpe Ratio Rank: 98
CGUI Sortino Ratio Rank: 99
CGUI Omega Ratio Rank: 99
CGUI Calmar Ratio Rank: 99
CGUI Martin Ratio Rank: 99

CSHI

CSHI Risk / Return Rank: 99
CSHI Sharpe Ratio Rank: 98
CSHI Sortino Ratio Rank: 99
CSHI Omega Ratio Rank: 99
CSHI Calmar Ratio Rank: 99
CSHI Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGUI vs. CSHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Ultra Short Income ETF (CGUI) and Neos Enhanced Income Cash Alternative 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.

	CGUI	CSHI	Difference
Sharpe ratio: Return per unit of total volatility	5.99	6.16	-0.17
Sortino ratio: Return per unit of downside risk	10.92	11.83	-0.91
Omega ratio: Gain probability vs. loss probability	2.66	2.75	-0.10
Calmar ratio: Return relative to maximum drawdown	24.99	29.16	-4.17
Martin ratio: Return relative to average drawdown	105.06	154.18	-49.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGUI vs. CSHI - Sharpe Ratio Comparison

The current CGUI Sharpe Ratio is 5.99, which is comparable to the CSHI Sharpe Ratio of 6.16. The chart below compares the historical Sharpe Ratios of CGUI and CSHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGUI	CSHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.99	6.16	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	6.20	4.18	+2.02

Drawdowns

CGUI vs. CSHI - Drawdown Comparison

The maximum CGUI drawdown since its inception was -0.18%, smaller than the maximum CSHI drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for CGUI and CSHI.

Drawdown Indicators

	CGUI	CSHI	Difference
Max Drawdown Largest peak-to-trough decline	-0.18%	-1.69%	+1.51%
Max Drawdown (1Y) Largest decline over 1 year	-0.18%	-0.18%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.69%	—
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.02%	-0.03%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.04%	0.03%	+0.01%

Volatility

CGUI vs. CSHI - Volatility Comparison

Capital Group Ultra Short Income ETF (CGUI) has a higher volatility of 0.30% compared to Neos Enhanced Income Cash Alternative ETF (CSHI) at 0.11%. This indicates that CGUI's price experiences larger fluctuations and is considered to be riskier than CSHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGUI	CSHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.30%	0.11%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	0.56%	0.52%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	0.74%	0.86%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.80%	1.32%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.80%	1.32%	-0.52%

CGUI vs. CSHI - Expense Ratio Comparison

CGUI has a 0.18% expense ratio, which is lower than CSHI's 0.38% expense ratio.

Dividends

CGUI vs. CSHI - Dividend Comparison

CGUI's dividend yield for the trailing twelve months is around 3.89%, less than CSHI's 4.90% yield.

Position	TTM	2025	2024	2023	2022
CGUI Capital Group Ultra Short Income ETF	3.89%	4.17%	2.62%	0.00%	0.00%
CSHI Neos Enhanced Income Cash Alternative ETF	4.90%	5.11%	5.72%	6.15%	1.52%

Frequently Asked Questions

Can I hold both CGUI and CSHI in my portfolio?

CGUI 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.

Which is riskier, CGUI or CSHI?

CGUI has higher volatility (0.30%) compared to CSHI (0.11%). In terms of maximum drawdown, CGUI dropped -0.18% vs CSHI's -1.69%.

Which ETF is better, CGUI or CSHI?

On 1-year performance, CSHI leads with 5.25% vs 4.42% for CGUI. On fees, CGUI is cheaper at 0.18% per year. On volatility, CSHI has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGUI or CSHI?

Over the 1-year period, CSHI has performed better with a 5.25% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGUI or CSHI?

CGUI is cheaper with a 0.18% expense ratio, compared with 0.38% for CSHI.

Which ETF pays a higher dividend yield, CGUI or CSHI?

CSHI has the higher dividend yield at 4.90%, compared with 3.89% for CGUI.

What is the main difference between CGUI and CSHI?

They also come from different issuers: Capital Group and Neos. Their fees differ too: 0.18% for CGUI and 0.38% for CSHI.

Which has better risk-adjusted returns?

CSHI currently has the higher Sharpe Ratio (6.16 vs 5.99), 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.