CSHI vs. VMFXX
Compare and contrast key facts about Neos Enhanced Income Cash Alternative ETF (CSHI) and Vanguard Federal Money Market Fund (VMFXX).
CSHI is a passively managed fund by Neos that tracks the performance of the NONE. It was launched on Aug 29, 2022. VMFXX is managed by Vanguard. It was launched on Sep 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSHI or VMFXX.
Key characteristics
| CSHI | VMFXX | |
|---|---|---|
| YTD Return | 4.98% | 4.46% |
| 1Y Return | 5.72% | 5.39% |
| Sharpe Ratio | 5.70 | 3.63 |
| Ulcer Index | 0.04% | 0.00% |
| Daily Std Dev | 1.00% | 1.48% |
| Max Drawdown | -0.40% | 0.00% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CSHI and VMFXX is -0.06. 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.
Performance
CSHI vs. VMFXX - Performance Comparison
In the year-to-date period, CSHI achieves a 4.98% return, which is significantly higher than VMFXX's 4.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CSHI vs. VMFXX - Expense Ratio Comparison
CSHI has a 0.38% expense ratio, which is higher than VMFXX's 0.00% expense ratio.
Risk-Adjusted Performance
CSHI vs. VMFXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Cash Alternative ETF (CSHI) and Vanguard Federal Money Market Fund (VMFXX). 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. VMFXX - Dividend Comparison
CSHI's dividend yield for the trailing twelve months is around 5.80%, more than VMFXX's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSHI Neos Enhanced Income Cash Alternative ETF | 5.80% | 6.15% | 1.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMFXX Vanguard Federal Money Market Fund | 5.24% | 4.97% | 1.54% | 0.01% | 0.45% | 2.12% | 1.61% | 0.50% | 0.00% | 0.00% | 0.00% | 0.01% |
Drawdowns
CSHI vs. VMFXX - Drawdown Comparison
The maximum CSHI drawdown since its inception was -0.40%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CSHI and VMFXX. For additional features, visit the drawdowns tool.
Volatility
CSHI vs. VMFXX - Volatility Comparison
The current volatility for Neos Enhanced Income Cash Alternative ETF (CSHI) is 0.13%, while Vanguard Federal Money Market Fund (VMFXX) has a volatility of 0.41%. This indicates that CSHI experiences smaller price fluctuations and is considered to be less risky than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.