CSHI vs. MLPI
CSHI (NEOS Enhanced Income 1-3 Month T-Bill ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - CSHI is a Ultrashort Bond fund actively managed by Neos, while MLPI is a Infrastructure Equities fund actively managed by Neos. Both are actively managed. Their -0.14 correlation means they have often moved in opposite directions in the past. CSHI charges 0.38%/yr vs 0.68%/yr for MLPI.
Performance
CSHI vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, CSHI achieves a 2.98% return, which is significantly lower than MLPI's 17.83% return.
CSHI
- 1D
- 0.02%
- 1M
- 0.37%
- 6M
- 2.61%
- YTD
- 2.98%
- 1Y
- 5.19%
- 3Y*
- 5.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.43%
MLPI
- 1D
- -0.28%
- 1M
- -0.32%
- 6M
- 11.98%
- YTD
- 17.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.58M | $27.01M | $29.36M | |
| $22.33M | $21.99M | $19.61M |
CSHI vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF | 2.98% | 0.22% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 17.83% | 0.36% |
Correlation
The correlation between CSHI and MLPI is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | -0.14 |
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Return for Risk
CSHI vs. MLPI — Risk / Return Rank
CSHI
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CSHI vs. MLPI - 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 NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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 | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.87 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 24.58 | — | — |
| Martin ratioReturn relative to average drawdown | 144.60 | — | — |
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Drawdowns
CSHI vs. MLPI - Drawdown Comparison
The maximum CSHI drawdown since its inception was -1.69%, smaller than the maximum MLPI drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for CSHI and MLPI.
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Drawdown Indicators
| CSHI | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.69% | -5.38% | +3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.21% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.69% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.63% | +3.63% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -1.65% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | — | — |
Volatility
CSHI vs. MLPI - Volatility Comparison
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Volatility by Period
| CSHI | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.57% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 13.28% | -12.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.31% | 13.28% | -11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.31% | 13.28% | -11.97% |
CSHI vs. MLPI - Expense Ratio Comparison
CSHI has a 0.38% expense ratio, which is lower than MLPI's 0.68% expense ratio.
Dividends
CSHI vs. MLPI - Dividend Comparison
CSHI's dividend yield for the trailing twelve months is around 4.83%, less than MLPI's 8.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF | 4.83% | 5.11% | 5.72% | 6.15% | 1.52% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 8.65% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSHI and MLPI have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSHI is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSHI is cheaper with a 0.38% expense ratio, compared with 0.68% for MLPI.
MLPI has the higher dividend yield at 8.65%, compared with 4.83% for CSHI.
CSHI is categorized as Ultrashort Bond, while MLPI is Infrastructure Equities. Their fees differ too: 0.38% for CSHI and 0.68% for MLPI.
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