GSST vs. CSHI

Last updated Jun 4, 2026

GSST (Goldman Sachs Ultra Short Bond ETF) and CSHI (Neos Enhanced Income Cash Alternative ETF) are both Ultrashort Bond funds. GSST is actively managed, while CSHI is passively managed. Over the past 3 years, GSST returned 5.52%/yr vs 5.45%/yr for CSHI. At a correlation of -0.02, they often move in opposite directions. GSST charges 0.16%/yr vs 0.38%/yr for CSHI.

Performance

GSST vs. CSHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Ultra Short Bond ETF (GSST) 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, GSST achieves a 1.55% return, which is significantly lower than CSHI's 2.26% return.

GSST

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.55%
• 6M: 1.88%
• 1Y: 4.61%
• 3Y*: 5.52%
• 5Y*: 3.75%
• 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)

GSST vs. CSHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GSST Goldman Sachs Ultra Short Bond ETF	1.55%	5.20%	6.01%	6.08%	0.59%
CSHI Neos Enhanced Income Cash Alternative ETF	2.26%	5.05%	5.66%	6.21%	1.46%

Correlation

The correlation between GSST and CSHI is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	-0.02

Return for Risk

GSST vs. CSHI — Risk / Return Rank

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

GSST

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

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.

GSST vs. CSHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Ultra Short Bond ETF (GSST) 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.

	GSST	CSHI	Difference
Sharpe ratio: Return per unit of total volatility	7.98	6.16	+1.82
Sortino ratio: Return per unit of downside risk	16.58	11.83	+4.75
Omega ratio: Gain probability vs. loss probability	3.94	2.75	+1.19
Calmar ratio: Return relative to maximum drawdown	29.99	29.16	+0.83
Martin ratio: Return relative to average drawdown	185.54	154.18	+31.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSST vs. CSHI - Sharpe Ratio Comparison

The current GSST Sharpe Ratio is 7.98, which is comparable to the CSHI Sharpe Ratio of 6.16. The chart below compares the historical Sharpe Ratios of GSST 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

	GSST	CSHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.98	6.16	+1.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	5.99	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.78	4.18	-0.40

Drawdowns

GSST vs. CSHI - Drawdown Comparison

The maximum GSST drawdown since its inception was -3.51%, which is greater than CSHI's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for GSST and CSHI.

Drawdown Indicators

	GSST	CSHI	Difference
Max Drawdown Largest peak-to-trough decline	-3.51%	-1.69%	-1.82%
Max Drawdown (1Y) Largest decline over 1 year	-0.15%	-0.18%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-0.25%	-1.69%	+1.44%
Max Drawdown (5Y) Largest decline over 5 years	-1.19%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.16%	-0.03%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	0.03%	-0.01%

Volatility

GSST vs. CSHI - Volatility Comparison

Goldman Sachs Ultra Short Bond ETF (GSST) has a higher volatility of 0.13% compared to Neos Enhanced Income Cash Alternative ETF (CSHI) at 0.11%. This indicates that GSST'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

	GSST	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	0.41%	0.52%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	0.58%	0.86%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.63%	1.32%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.86%	1.32%	-0.46%

GSST vs. CSHI - Expense Ratio Comparison

GSST has a 0.16% expense ratio, which is lower than CSHI's 0.38% expense ratio.

Dividends

GSST vs. CSHI - Dividend Comparison

GSST's dividend yield for the trailing twelve months is around 4.32%, less than CSHI's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CSHI Neos Enhanced Income Cash Alternative ETF	4.90%	5.11%	5.72%	6.15%	1.52%	0.00%	0.00%	0.00%
GSST Goldman Sachs Ultra Short Bond ETF	4.32%	4.56%	5.45%	4.98%	1.97%	0.71%	1.12%	1.66%

Frequently Asked Questions

Can I hold both GSST and CSHI in my portfolio?

GSST and CSHI have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSST or CSHI?

GSST has higher volatility (0.13%) compared to CSHI (0.11%). In terms of maximum drawdown, GSST dropped -3.51% vs CSHI's -1.69%.

Which ETF is better, GSST or CSHI?

On 3-year performance, GSST leads with 5.52% vs 5.45% for CSHI. On fees, GSST is cheaper at 0.16% 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, GSST or CSHI?

Over the 3-year period, GSST has performed better with a 5.52% return vs 5.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GSST or CSHI?

GSST is cheaper with a 0.16% expense ratio, compared with 0.38% for CSHI.

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

CSHI has the higher dividend yield at 4.90%, compared with 4.32% for GSST.

What is the main difference between GSST and CSHI?

They also come from different issuers: Goldman Sachs and Neos. Their fees differ too: 0.16% for GSST and 0.38% for CSHI.

Which has better risk-adjusted returns?

GSST currently has the higher Sharpe Ratio (7.98 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.