CSHI vs. PULT
CSHI (NEOS Enhanced Income 1-3 Month T-Bill ETF) and PULT (Putnam ESG Ultra Short ETF) are both Ultrashort Bond funds. Both are actively managed. At a correlation of -0.05, they often move in opposite directions. CSHI charges 0.38%/yr vs 0.25%/yr for PULT.
Performance
CSHI vs. PULT - Performance Comparison
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Returns By Period
CSHI
- 1D
- 0.03%
- 1M
- 0.37%
- 6M
- 2.61%
- YTD
- 2.69%
- 1Y
- 5.07%
- 3Y*
- 5.40%
- 5Y*
- —
- 10Y*
- —
PULT
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHI vs. PULT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF | 2.69% | 5.05% | 5.66% | 5.89% |
PULT Putnam ESG Ultra Short ETF | 1.23% | 5.08% | 5.93% | 5.47% |
Correlation
The correlation between CSHI and PULT is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | -0.05 |
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Return for Risk
CSHI vs. PULT — Risk / Return Rank
CSHI
PULT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CSHI vs. PULT - 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 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.
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 | PULT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.74 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 24.00 | — | — |
| Martin ratioReturn relative to average drawdown | 137.94 | — | — |
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Drawdowns
CSHI vs. PULT - Drawdown Comparison
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Drawdown Indicators
| CSHI | PULT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.69% | — | — |
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% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.03% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | — | — |
Volatility
CSHI vs. PULT - Volatility Comparison
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Volatility by Period
| CSHI | PULT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.86% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.32% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | — | — |
CSHI vs. PULT - Expense Ratio Comparison
CSHI has a 0.38% expense ratio, which is higher than PULT's 0.25% expense ratio.
Dividends
CSHI vs. PULT - Dividend Comparison
CSHI's dividend yield for the trailing twelve months is around 4.86%, while PULT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF | 4.86% | 5.11% | 5.72% | 6.15% | 1.52% |
PULT Putnam ESG Ultra Short ETF | 3.89% | 4.59% | 5.38% | 4.88% | 0.00% |
Frequently Asked Questions
CSHI and PULT have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PULT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PULT is cheaper with a 0.25% expense ratio, compared with 0.38% for CSHI.
CSHI has the higher dividend yield at 4.86%, compared with 3.89% for PULT.
They also come from different issuers: Neos and Putnam. Their fees differ too: 0.38% for CSHI and 0.25% for PULT.
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