DUSB vs. CSHI

Last updated Jun 4, 2026

DUSB (Dimensional Ultrashort Fixed Income ETF) and CSHI (Neos Enhanced Income Cash Alternative ETF) are both Ultrashort Bond funds. DUSB is actively managed, while CSHI is passively managed. Over the past year, DUSB returned 4.31% vs 5.25% for CSHI. At a 0.07 correlation, their price movements are largely independent. DUSB charges 0.15%/yr vs 0.38%/yr for CSHI.

Performance

DUSB vs. CSHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Ultrashort Fixed Income ETF (DUSB) 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, DUSB achieves a 1.68% return, which is significantly lower than CSHI's 2.26% return.

DUSB

• 1D: 0.02%
• 1M: 0.34%
• YTD: 1.68%
• 6M: 1.97%
• 1Y: 4.31%
• 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)

DUSB vs. CSHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DUSB Dimensional Ultrashort Fixed Income ETF	1.68%	4.53%	5.60%	1.79%
CSHI Neos Enhanced Income Cash Alternative ETF	2.26%	5.05%	5.66%	1.75%

Correlation

The correlation between DUSB and CSHI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.07

Return for Risk

DUSB vs. CSHI — Risk / Return Rank

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

DUSB

DUSB Risk / Return Rank: 99
DUSB Sharpe Ratio Rank: 99
DUSB Sortino Ratio Rank: 100
DUSB Omega Ratio Rank: 99
DUSB Calmar Ratio Rank: 99
DUSB 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.

DUSB vs. CSHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Ultrashort Fixed Income ETF (DUSB) 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.

	DUSB	CSHI	Difference
Sharpe ratio: Return per unit of total volatility	10.10	6.16	+3.94
Sortino ratio: Return per unit of downside risk	24.10	11.83	+12.27
Omega ratio: Gain probability vs. loss probability	4.87	2.75	+2.11
Calmar ratio: Return relative to maximum drawdown	55.00	29.16	+25.84
Martin ratio: Return relative to average drawdown	332.80	154.18	+178.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUSB vs. CSHI - Sharpe Ratio Comparison

The current DUSB Sharpe Ratio is 10.10, which is higher than the CSHI Sharpe Ratio of 6.16. The chart below compares the historical Sharpe Ratios of DUSB 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

	DUSB	CSHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.10	6.16	+3.94
Sharpe Ratio (All Time) Calculated using the full available price history	9.88	4.18	+5.70

Drawdowns

DUSB vs. CSHI - Drawdown Comparison

The maximum DUSB drawdown since its inception was -0.29%, smaller than the maximum CSHI drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for DUSB and CSHI.

Drawdown Indicators

	DUSB	CSHI	Difference
Max Drawdown Largest peak-to-trough decline	-0.29%	-1.69%	+1.40%
Max Drawdown (1Y) Largest decline over 1 year	-0.08%	-0.18%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.69%	—
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.03%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.03%	-0.02%

Volatility

DUSB vs. CSHI - Volatility Comparison

Dimensional Ultrashort Fixed Income ETF (DUSB) has a higher volatility of 0.13% compared to Neos Enhanced Income Cash Alternative ETF (CSHI) at 0.11%. This indicates that DUSB'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

	DUSB	CSHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.13%	0.11%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	0.30%	0.52%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	0.43%	0.86%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.52%	1.32%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.52%	1.32%	-0.80%

DUSB vs. CSHI - Expense Ratio Comparison

DUSB has a 0.15% expense ratio, which is lower than CSHI's 0.38% expense ratio.

Dividends

DUSB vs. CSHI - Dividend Comparison

DUSB's dividend yield for the trailing twelve months is around 4.06%, 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%
DUSB Dimensional Ultrashort Fixed Income ETF	4.06%	4.32%	4.92%	1.23%	0.00%

Frequently Asked Questions

Can I hold both DUSB and CSHI in my portfolio?

DUSB and CSHI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUSB or CSHI?

DUSB has higher volatility (0.13%) compared to CSHI (0.11%). In terms of maximum drawdown, DUSB dropped -0.29% vs CSHI's -1.69%.

Which ETF is better, DUSB or CSHI?

On 1-year performance, CSHI leads with 5.25% vs 4.31% for DUSB. On fees, DUSB is cheaper at 0.15% 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, DUSB or CSHI?

Over the 1-year period, CSHI has performed better with a 5.25% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUSB or CSHI?

DUSB is cheaper with a 0.15% expense ratio, compared with 0.38% for CSHI.

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

CSHI has the higher dividend yield at 4.90%, compared with 4.06% for DUSB.

What is the main difference between DUSB and CSHI?

They also come from different issuers: Dimensional and Neos. Their fees differ too: 0.15% for DUSB and 0.38% for CSHI.

Which has better risk-adjusted returns?

DUSB currently has the higher Sharpe Ratio (10.10 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.