CSNR vs. NLSI

Last updated Jun 4, 2026

CSNR (Cohen & Steers Natural Resources Active ETF) and NLSI (Neos Long/Short Equity Income ETF) are both exchange-traded funds - CSNR is a Commodity Producers Equities fund actively managed by Cohen & Steers, while NLSI is a Long-Short fund actively managed by Neos. Both are actively managed. At a correlation of -0.17, they often move in opposite directions. CSNR charges 0.50%/yr vs 2.89%/yr for NLSI.

Performance

CSNR vs. NLSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Natural Resources Active ETF (CSNR) and Neos Long/Short Equity Income ETF (NLSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSNR achieves a 21.88% return, which is significantly higher than NLSI's 7.01% return.

CSNR

• 1D: -0.56%
• 1M: 1.40%
• YTD: 21.88%
• 6M: 24.62%
• 1Y: 47.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NLSI

• 1D: -0.92%
• 1M: 10.92%
• YTD: 7.01%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSNR vs. NLSI - Yearly Performance Comparison

	2026 (YTD)	2025
CSNR Cohen & Steers Natural Resources Active ETF	21.88%	2.23%
NLSI Neos Long/Short Equity Income ETF	7.01%	1.90%

Correlation

The correlation between CSNR and NLSI is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	-0.17

Return for Risk

CSNR vs. NLSI — Risk / Return Rank

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

CSNR

CSNR Risk / Return Rank: 86
CSNR Sharpe Ratio Rank: 86
CSNR Sortino Ratio Rank: 81
CSNR Omega Ratio Rank: 81
CSNR Calmar Ratio Rank: 90
CSNR Martin Ratio Rank: 92

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.

CSNR vs. NLSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Natural Resources Active ETF (CSNR) and Neos Long/Short Equity Income ETF (NLSI). 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.

	CSNR	NLSI	Difference
Sharpe ratio: Return per unit of total volatility	2.81	—	—
Sortino ratio: Return per unit of downside risk	3.59	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	5.67	—	—
Martin ratio: Return relative to average drawdown	22.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CSNR	NLSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	1.04	+0.93

Drawdowns

CSNR vs. NLSI - Drawdown Comparison

The maximum CSNR drawdown since its inception was -15.33%, which is greater than NLSI's maximum drawdown of -13.82%. Use the drawdown chart below to compare losses from any high point for CSNR and NLSI.

Drawdown Indicators

	CSNR	NLSI	Difference
Max Drawdown Largest peak-to-trough decline	-15.33%	-13.82%	-1.51%
Max Drawdown (1Y) Largest decline over 1 year	-8.39%	—	—
Current Drawdown Current decline from peak	-1.42%	-1.33%	-0.09%
Average Drawdown Average peak-to-trough decline	-1.82%	-6.10%	+4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	—	—

Volatility

Volatility by Period

	CSNR	NLSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.94%	19.37%	-2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	19.37%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	19.37%	+0.40%

CSNR vs. NLSI - Expense Ratio Comparison

CSNR has a 0.50% expense ratio, which is lower than NLSI's 2.89% expense ratio.

Dividends

CSNR vs. NLSI - Dividend Comparison

CSNR's dividend yield for the trailing twelve months is around 1.98%, less than NLSI's 2.42% yield.

Position	TTM	2025
CSNR Cohen & Steers Natural Resources Active ETF	1.98%	2.39%
NLSI Neos Long/Short Equity Income ETF	2.42%	0.46%

Frequently Asked Questions

Can I hold both CSNR and NLSI in my portfolio?

CSNR and NLSI have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSNR or NLSI?

On fees, CSNR is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSNR or NLSI?

CSNR is cheaper with a 0.50% expense ratio, compared with 2.89% for NLSI.

Which ETF pays a higher dividend yield, CSNR or NLSI?

NLSI has the higher dividend yield at 2.42%, compared with 1.98% for CSNR.

What is the main difference between CSNR and NLSI?

CSNR is categorized as Commodity Producers Equities, while NLSI is Long-Short. They also come from different issuers: Cohen & Steers and Neos. Their fees differ too: 0.50% for CSNR and 2.89% for NLSI.