DLUX vs. CSHI

Last updated Jul 8, 2026

DLUX (DoubleLine Ultrashort Income ETF) and CSHI (NEOS Enhanced Income 1-3 Month T-Bill ETF) are both Ultrashort Bond funds. Both are actively managed. At a correlation of -0.08, they often move in opposite directions. DLUX charges 0.18%/yr vs 0.38%/yr for CSHI.

Performance

DLUX vs. CSHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Ultrashort Income ETF (DLUX) and NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DLUX

• 1D: 0.00%
• 1M: 0.42%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHI

• 1D: 0.03%
• 1M: 0.52%
• 6M: 2.59%
• YTD: 2.63%
• 1Y: 5.09%
• 3Y*: 5.40%
• 5Y*: —
• 10Y*: —

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

DLUX vs. CSHI - Yearly Performance Comparison

	2026 (YTD)
DLUX DoubleLine Ultrashort Income ETF	1.22%
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF	1.31%

Correlation

The correlation between DLUX and CSHI 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 (All Time) Calculated using the full available price history since Apr 1, 2026	-0.08

Return for Risk

DLUX vs. CSHI — Risk / Return Rank

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

DLUX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CSHI

CSHI Risk / Return Rank: 99
CSHI Sharpe Ratio Rank: 99
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.

DLUX vs. CSHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Ultrashort Income ETF (DLUX) and NEOS Enhanced Income 1-3 Month T-Bill 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DLUX	CSHI	Difference
Sharpe ratio: Return per unit of total volatility	—	5.88	—
Sortino ratio: Return per unit of downside risk	—	10.67	—
Omega ratio: Gain probability vs. loss probability	—	2.69	—
Calmar ratio: Return relative to maximum drawdown	—	24.10	—
Martin ratio: Return relative to average drawdown	—	132.35	—

Drawdowns

DLUX vs. CSHI - Drawdown Comparison

The maximum DLUX drawdown since its inception was -0.13%, smaller than the maximum CSHI drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for DLUX and CSHI.

Drawdown Indicators

	DLUX	CSHI	Difference
Max Drawdown Largest peak-to-trough decline	-0.13%	-1.69%	+1.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.21%	—
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	-0.03%	-0.03%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.04%	—

Volatility

Volatility by Period

	DLUX	CSHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.91%	0.87%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.91%	1.32%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.91%	1.32%	-0.41%

DLUX vs. CSHI - Expense Ratio Comparison

DLUX has a 0.18% expense ratio, which is lower than CSHI's 0.38% expense ratio.

Dividends

DLUX vs. CSHI - Dividend Comparison

DLUX's dividend yield for the trailing twelve months is around 0.80%, less than CSHI's 4.86% yield.

Position	TTM	2025	2024	2023	2022
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF	4.86%	5.11%	5.72%	6.15%	1.52%
DLUX DoubleLine Ultrashort Income ETF	0.80%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DLUX and CSHI in my portfolio?

DLUX and CSHI 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.

Which ETF is better, DLUX or CSHI?

On fees, DLUX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DLUX or CSHI?

DLUX is cheaper with a 0.18% expense ratio, compared with 0.38% for CSHI.

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

CSHI has the higher dividend yield at 4.86%, compared with 0.80% for DLUX.

What is the main difference between DLUX and CSHI?

They also come from different issuers: DoubleLine and Neos. Their fees differ too: 0.18% for DLUX and 0.38% for CSHI.