CSHI vs. XONE
CSHI (Neos Enhanced Income Cash Alternative ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both exchange-traded funds - CSHI is a Ultrashort Bond fund tracking the NONE, while XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index. Both are passively managed. Over the past 3 years, CSHI returned 5.45%/yr vs 4.57%/yr for XONE. At a correlation of -0.02, they often move in opposite directions. CSHI charges 0.38%/yr vs 0.03%/yr for XONE.
Performance
CSHI vs. XONE - Performance Comparison
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Returns By Period
In the year-to-date period, CSHI achieves a 2.26% return, which is significantly higher than XONE's 1.11% return.
CSHI
- 1D
- 0.02%
- 1M
- 0.37%
- YTD
- 2.26%
- 6M
- 2.59%
- 1Y
- 5.25%
- 3Y*
- 5.45%
- 5Y*
- —
- 10Y*
- —
XONE
- 1D
- -0.02%
- 1M
- 0.24%
- YTD
- 1.11%
- 6M
- 1.47%
- 1Y
- 3.85%
- 3Y*
- 4.57%
- 5Y*
- —
- 10Y*
- —
CSHI vs. XONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CSHI Neos Enhanced Income Cash Alternative ETF | 2.26% | 5.05% | 5.66% | 6.21% | 1.30% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.11% | 4.41% | 4.83% | 4.74% | 0.60% |
Correlation
The correlation between CSHI and XONE is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | -0.02 |
The correlation between CSHI and XONE shifts across timeframes, from -0.04 (3 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSHI vs. XONE — Risk / Return Rank
CSHI
XONE
CSHI vs. XONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Enhanced Income Cash Alternative ETF (CSHI) and BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). 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.
| CSHI | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -5.12 | ||
| Omega ratioGain probability vs. loss probability | 2.75 | 3.57 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | 29.16 | 24.16 | +5.00 |
| Martin ratioReturn relative to average drawdown | 154.18 | 138.74 | +15.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSHI | XONE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.16 | 7.06 | -0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.18 | 4.96 | -0.78 |
Drawdowns
CSHI vs. XONE - Drawdown Comparison
The maximum CSHI drawdown since its inception was -1.69%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for CSHI and XONE.
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Drawdown Indicators
| CSHI | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.69% | -0.40% | -1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -0.16% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -1.69% | -0.28% | -1.41% |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.04% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.03% | 0.00% |
Volatility
CSHI vs. XONE - Volatility Comparison
Neos Enhanced Income Cash Alternative ETF (CSHI) has a higher volatility of 0.11% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.10%. This indicates that CSHI's price experiences larger fluctuations and is considered to be riskier than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSHI | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 0.10% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 0.34% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.86% | 0.55% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.32% | 0.86% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 0.86% | +0.46% |
CSHI vs. XONE - Expense Ratio Comparison
CSHI has a 0.38% expense ratio, which is higher than XONE's 0.03% expense ratio.
Dividends
CSHI vs. XONE - Dividend Comparison
CSHI's dividend yield for the trailing twelve months is around 4.90%, more than XONE's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CSHI Neos Enhanced Income Cash Alternative ETF | 4.90% | 5.11% | 5.72% | 6.15% | 1.52% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% |
Frequently Asked Questions
CSHI and XONE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSHI has higher volatility (0.11%) compared to XONE (0.10%). In terms of maximum drawdown, CSHI dropped -1.69% vs XONE's -0.40%.
On 3-year performance, CSHI leads with 5.45% vs 4.57% for XONE. On fees, XONE is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CSHI has performed better with a 5.45% return vs 4.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE is cheaper with a 0.03% expense ratio, compared with 0.38% for CSHI.
CSHI has the higher dividend yield at 4.90%, compared with 4.06% for XONE.
CSHI is categorized as Ultrashort Bond, while XONE is Government Bonds. CSHI tracks NONE, while XONE tracks Bloomberg US Treasury 1 Year Target Duration Index. They also come from different issuers: Neos and BondBloxx. Their fees differ too: 0.38% for CSHI and 0.03% for XONE.
XONE currently has the higher Sharpe Ratio (7.06 vs 6.16), 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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