CSHI vs. IBIC
CSHI (NEOS Enhanced Income 1-3 Month T-Bill ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - CSHI is a Ultrashort Bond fund actively managed by Neos, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. CSHI is actively managed, while IBIC is passively managed. Over the past year, CSHI returned 5.11% vs 4.42% for IBIC. At a correlation of -0.12, they often move in opposite directions. CSHI charges 0.38%/yr vs 0.10%/yr for IBIC.
Performance
CSHI vs. IBIC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CSHI having a 2.39% return and IBIC slightly higher at 2.43%.
CSHI
- 1D
- -0.02%
- 1M
- 0.27%
- YTD
- 2.39%
- 6M
- 2.58%
- 1Y
- 5.11%
- 3Y*
- 5.40%
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHI vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF | 2.39% | 5.05% | 5.66% | 1.73% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between CSHI and IBIC is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.12 |
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Return for Risk
CSHI vs. IBIC — Risk / Return Rank
CSHI
IBIC
CSHI vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| CSHI | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 2.59 | 2.22 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 24.19 | 16.56 | +7.63 |
| Martin ratioReturn relative to average drawdown | 129.69 | 58.67 | +71.02 |
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Drawdowns
CSHI vs. IBIC - Drawdown Comparison
The maximum CSHI drawdown since its inception was -1.69%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for CSHI and IBIC.
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Drawdown Indicators
| CSHI | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.69% | -0.90% | -0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.21% | -0.27% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.69% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.08% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.10% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.08% | -0.04% |
Volatility
CSHI vs. IBIC - Volatility Comparison
NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI) has a higher volatility of 0.33% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that CSHI's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSHI | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.17% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 0.60% | 0.67% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 0.89% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.33% | 1.56% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.33% | 1.56% | -0.23% |
CSHI vs. IBIC - Expense Ratio Comparison
CSHI has a 0.38% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
CSHI vs. IBIC - Dividend Comparison
CSHI's dividend yield for the trailing twelve months is around 5.31%, more than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF | 5.31% | 5.11% | 5.72% | 6.15% | 1.52% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% |
Frequently Asked Questions
CSHI and IBIC have a correlation of -0.18, 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 IBIC (0.17%). In terms of maximum drawdown, CSHI dropped -1.69% vs IBIC's -0.90%.
On 1-year performance, CSHI leads with 5.11% vs 4.42% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CSHI has performed better with a 5.11% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC 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 3.58% for IBIC.
CSHI is categorized as Ultrashort Bond, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Neos and iShares. Their fees differ too: 0.38% for CSHI and 0.10% for IBIC.
CSHI currently has the higher Sharpe Ratio (5.73 vs 4.99), 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.
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