CSHI vs. PULT
Compare and contrast key facts about Neos Enhanced Income Cash Alternative ETF (CSHI) and Putnam ESG Ultra Short ETF (PULT).
CSHI and PULT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSHI is a passively managed fund by Neos that tracks the performance of the NONE. It was launched on Aug 29, 2022. PULT is an actively managed fund by Putnam. It was launched on Jan 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSHI or PULT.
Performance
CSHI vs. PULT - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with CSHI having a 5.13% return and PULT slightly higher at 5.36%.
CSHI
5.13%
0.48%
2.93%
5.65%
N/A
N/A
PULT
5.36%
0.35%
2.97%
6.31%
N/A
N/A
Key characteristics
| CSHI | PULT | |
|---|---|---|
| Sharpe Ratio | 5.77 | 11.49 |
| Sortino Ratio | 9.71 | 31.04 |
| Omega Ratio | 2.99 | 7.04 |
| Calmar Ratio | 14.11 | 44.65 |
| Martin Ratio | 140.98 | 365.54 |
| Ulcer Index | 0.04% | 0.02% |
| Daily Std Dev | 0.98% | 0.55% |
| Max Drawdown | -0.40% | -0.33% |
| Current Drawdown | 0.00% | -0.01% |
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CSHI vs. PULT - Expense Ratio Comparison
CSHI has a 0.38% expense ratio, which is higher than PULT's 0.25% expense ratio.
Correlation
The correlation between CSHI and PULT is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
CSHI vs. PULT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Cash Alternative ETF (CSHI) and Putnam ESG Ultra Short ETF (PULT). 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.
Dividends
CSHI vs. PULT - Dividend Comparison
CSHI's dividend yield for the trailing twelve months is around 5.77%, more than PULT's 5.42% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CSHI Neos Enhanced Income Cash Alternative ETF | 5.77% | 6.15% | 1.52% |
PULT Putnam ESG Ultra Short ETF | 5.42% | 4.88% | 0.00% |
Drawdowns
CSHI vs. PULT - Drawdown Comparison
The maximum CSHI drawdown since its inception was -0.40%, which is greater than PULT's maximum drawdown of -0.33%. Use the drawdown chart below to compare losses from any high point for CSHI and PULT. For additional features, visit the drawdowns tool.
Volatility
CSHI vs. PULT - Volatility Comparison
Neos Enhanced Income Cash Alternative ETF (CSHI) has a higher volatility of 0.13% compared to Putnam ESG Ultra Short ETF (PULT) at 0.12%. This indicates that CSHI's price experiences larger fluctuations and is considered to be riskier than PULT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.