CSHP vs. CSHI

Last updated Jun 4, 2026

CSHP (iShares Enhanced Short-Term Bond Active ETF) and CSHI (Neos Enhanced Income Cash Alternative ETF) are both Ultrashort Bond funds. CSHP is actively managed, while CSHI is passively managed. Over the past year, CSHP returned 3.96% vs 5.25% for CSHI. At a correlation of -0.01, they often move in opposite directions. CSHP charges 0.20%/yr vs 0.38%/yr for CSHI.

Performance

CSHP vs. CSHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Enhanced Short-Term Bond Active ETF (CSHP) and Neos Enhanced Income Cash Alternative ETF (CSHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSHP achieves a 1.63% return, which is significantly lower than CSHI's 2.26% return.

CSHP

• 1D: 0.02%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHI

• 1D: 0.02%
• 1M: 0.37%
• YTD: 2.26%
• 6M: 2.59%
• 1Y: 5.25%
• 3Y*: 5.45%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSHP vs. CSHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	4.10%	2.24%
CSHI Neos Enhanced Income Cash Alternative ETF	2.26%	5.05%	2.58%

Correlation

The correlation between CSHP and CSHI is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024	-0.01

CSHP vs. CSHI - Sectors Allocation Comparison

Sectors	CSHP	CSHI
Financial Services	0.1%	11.8%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.6%
Utilities	-	2.3%

Return for Risk

CSHP vs. CSHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSHP

CSHP Risk / Return Rank: 100
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 100
CSHP Omega Ratio Rank: 100
CSHP Calmar Ratio Rank: 100
CSHP Martin Ratio Rank: 100

CSHI

CSHI Risk / Return Rank: 99
CSHI Sharpe Ratio Rank: 98
CSHI Sortino Ratio Rank: 99
CSHI Omega Ratio Rank: 99
CSHI Calmar Ratio Rank: 99
CSHI Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSHP vs. CSHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Short-Term Bond Active ETF (CSHP) and Neos Enhanced Income Cash Alternative ETF (CSHI). 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.

	CSHP	CSHI	Difference
Sharpe ratio: Return per unit of total volatility	11.91	6.16	+5.75
Sortino ratio: Return per unit of downside risk	31.26	11.83	+19.42
Omega ratio: Gain probability vs. loss probability	7.44	2.75	+4.68
Calmar ratio: Return relative to maximum drawdown	65.71	29.16	+36.55
Martin ratio: Return relative to average drawdown	432.16	154.18	+277.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSHP vs. CSHI - Sharpe Ratio Comparison

The current CSHP Sharpe Ratio is 11.91, which is higher than the CSHI Sharpe Ratio of 6.16. The chart below compares the historical Sharpe Ratios of CSHP and CSHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSHP	CSHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.91	6.16	+5.75
Sharpe Ratio (All Time) Calculated using the full available price history	10.75	4.18	+6.57

Drawdowns

CSHP vs. CSHI - Drawdown Comparison

The maximum CSHP drawdown since its inception was -0.08%, smaller than the maximum CSHI drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for CSHP and CSHI.

Drawdown Indicators

	CSHP	CSHI	Difference
Max Drawdown Largest peak-to-trough decline	-0.08%	-1.69%	+1.61%
Max Drawdown (1Y) Largest decline over 1 year	-0.06%	-0.18%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.69%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.03%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.03%	-0.02%

Volatility

CSHP vs. CSHI - Volatility Comparison

The current volatility for iShares Enhanced Short-Term Bond Active ETF (CSHP) is 0.07%, while Neos Enhanced Income Cash Alternative ETF (CSHI) has a volatility of 0.11%. This indicates that CSHP experiences smaller price fluctuations and is considered to be less risky than CSHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSHP	CSHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	0.11%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	0.24%	0.52%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	0.33%	0.86%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.40%	1.32%	-0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.40%	1.32%	-0.92%

CSHP vs. CSHI - Expense Ratio Comparison

CSHP has a 0.20% expense ratio, which is lower than CSHI's 0.38% expense ratio.

Dividends

CSHP vs. CSHI - Dividend Comparison

CSHP's dividend yield for the trailing twelve months is around 3.92%, less than CSHI's 4.90% yield.

Position	TTM	2025	2024	2023	2022
CSHI Neos Enhanced Income Cash Alternative ETF	4.90%	5.11%	5.72%	6.15%	1.52%
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	5.39%	1.96%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CSHP and CSHI in my portfolio?

CSHP and CSHI have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSHP or CSHI?

CSHI has higher volatility (0.11%) compared to CSHP (0.07%). In terms of maximum drawdown, CSHP dropped -0.08% vs CSHI's -1.69%.

Which ETF is better, CSHP or CSHI?

On 1-year performance, CSHI leads with 5.25% vs 3.96% for CSHP. On fees, CSHP is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSHP or CSHI?

Over the 1-year period, CSHI has performed better with a 5.25% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSHP or CSHI?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.38% for CSHI.

Which ETF pays a higher dividend yield, CSHP or CSHI?

CSHI has the higher dividend yield at 4.90%, compared with 3.92% for CSHP.

What is the main difference between CSHP and CSHI?

They also come from different issuers: iShares and Neos. Their fees differ too: 0.20% for CSHP and 0.38% for CSHI.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.91 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.