CUSD vs. CSHI

Last updated Jun 4, 2026

CUSD (CrossingBridge Ultra-Short Duration ETF) and CSHI (Neos Enhanced Income Cash Alternative ETF) are both Ultrashort Bond funds. CUSD is actively managed, while CSHI is passively managed. Over the past 3 years, CUSD returned 4.69%/yr vs 5.45%/yr for CSHI. At a 0.09 correlation, their price movements are largely independent. CUSD charges 0.81%/yr vs 0.38%/yr for CSHI.

Performance

CUSD vs. CSHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CrossingBridge Ultra-Short Duration ETF (CUSD) 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, CUSD achieves a 1.42% return, which is significantly lower than CSHI's 2.26% return.

CUSD

• 1D: -0.13%
• 1M: -0.39%
• YTD: 1.42%
• 6M: 0.90%
• 1Y: 3.46%
• 3Y*: 4.69%
• 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)

CUSD vs. CSHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CUSD CrossingBridge Ultra-Short Duration ETF	1.42%	5.02%	4.57%	6.05%	1.78%
CSHI Neos Enhanced Income Cash Alternative ETF	2.26%	5.05%	5.66%	6.21%	1.46%

Correlation

The correlation between CUSD and CSHI is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	0.09

Return for Risk

CUSD vs. CSHI — Risk / Return Rank

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

CUSD

CUSD Risk / Return Rank: 15
CUSD Sharpe Ratio Rank: 12
CUSD Sortino Ratio Rank: 12
CUSD Omega Ratio Rank: 14
CUSD Calmar Ratio Rank: 17
CUSD Martin Ratio Rank: 17

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.

CUSD vs. CSHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CrossingBridge Ultra-Short Duration ETF (CUSD) 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.

	CUSD	CSHI	Difference
Sharpe ratio Return per unit of total volatility	0.25	6.16	-5.90
Sortino ratio Return per unit of downside risk	0.49	11.83	-11.35
Omega ratio Gain probability vs. loss probability	1.08	2.75	-1.68
Calmar ratio Return relative to maximum drawdown	0.64	29.16	-28.52
Martin ratio Return relative to average drawdown	1.69	154.18	-152.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CUSD vs. CSHI - Sharpe Ratio Comparison

The current CUSD Sharpe Ratio is 0.25, which is lower than the CSHI Sharpe Ratio of 6.16. The chart below compares the historical Sharpe Ratios of CUSD 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

	CUSD	CSHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	6.16	-5.90
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	4.18	-3.53

Drawdowns

CUSD vs. CSHI - Drawdown Comparison

The maximum CUSD drawdown since its inception was -5.42%, which is greater than CSHI's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for CUSD and CSHI.

Drawdown Indicators

	CUSD	CSHI	Difference
Max Drawdown Largest peak-to-trough decline	-5.42%	-1.69%	-3.73%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	-0.18%	-5.24%
Max Drawdown (3Y) Largest decline over 3 years	-5.42%	-1.69%	-3.73%
Current Drawdown Current decline from peak	-2.75%	0.00%	-2.75%
Average Drawdown Average peak-to-trough decline	-0.46%	-0.03%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	0.03%	+2.03%

Volatility

CUSD vs. CSHI - Volatility Comparison

CrossingBridge Ultra-Short Duration ETF (CUSD) has a higher volatility of 4.38% compared to Neos Enhanced Income Cash Alternative ETF (CSHI) at 0.11%. This indicates that CUSD's price experiences larger fluctuations and is considered to be riskier than CSHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CUSD	CSHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	0.11%	+4.27%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	0.52%	+10.43%
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	0.86%	+12.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.03%	1.32%	+5.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.03%	1.32%	+5.71%

CUSD vs. CSHI - Expense Ratio Comparison

CUSD has a 0.81% expense ratio, which is higher than CSHI's 0.38% expense ratio.

Dividends

CUSD vs. CSHI - Dividend Comparison

CUSD's dividend yield for the trailing twelve months is around 13.85%, more 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%
CUSD CrossingBridge Ultra-Short Duration ETF	13.85%	14.05%	7.10%	3.62%	1.14%

Frequently Asked Questions

Can I hold both CUSD and CSHI in my portfolio?

CUSD and CSHI have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CUSD or CSHI?

CUSD has higher volatility (4.38%) compared to CSHI (0.11%). In terms of maximum drawdown, CUSD dropped -5.42% vs CSHI's -1.69%.

Which ETF is better, CUSD or CSHI?

On 3-year performance, CSHI leads with 5.45% vs 4.69% for CUSD. On fees, CSHI is cheaper at 0.38% per year. On volatility, CSHI has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CUSD or CSHI?

Over the 3-year period, CSHI has performed better with a 5.45% return vs 4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CUSD or CSHI?

CSHI is cheaper with a 0.38% expense ratio, compared with 0.81% for CUSD.

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

CUSD has the higher dividend yield at 13.85%, compared with 4.90% for CSHI.

What is the main difference between CUSD and CSHI?

They also come from different issuers: CrossingBridge and Neos. Their fees differ too: 0.81% for CUSD and 0.38% for CSHI.

Which has better risk-adjusted returns?

CSHI currently has the higher Sharpe Ratio (6.16 vs 0.25), 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.