IGLD vs. CSHI

Last updated Jun 13, 2026

IGLD (FT Vest Gold Strategy Target Income ETF) and CSHI (NEOS Enhanced Income 1-3 Month T-Bill ETF) are both exchange-traded funds - IGLD is a Gold fund actively managed by First Trust, while CSHI is a Ultrashort Bond fund actively managed by Neos. Both are actively managed. Over the past 3 years, IGLD returned 20.89%/yr vs 5.42%/yr for CSHI. At a 0.04 correlation, their price movements are largely independent. IGLD charges 0.85%/yr vs 0.38%/yr for CSHI.

Performance

IGLD vs. CSHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Gold Strategy Target Income ETF (IGLD) 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

In the year-to-date period, IGLD achieves a -3.45% return, which is significantly lower than CSHI's 2.31% return.

IGLD

• 1D: -0.23%
• 1M: -8.86%
• YTD: -3.45%
• 6M: -2.82%
• 1Y: 16.13%
• 3Y*: 20.89%
• 5Y*: 12.02%
• 10Y*: —

CSHI

• 1D: 0.06%
• 1M: 0.27%
• YTD: 2.31%
• 6M: 2.56%
• 1Y: 5.17%
• 3Y*: 5.42%
• 5Y*: —
• 10Y*: —

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

IGLD vs. CSHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGLD FT Vest Gold Strategy Target Income ETF	-3.45%	47.46%	19.36%	9.24%	2.04%
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF	2.31%	5.05%	5.66%	6.21%	1.39%

Correlation

The correlation between IGLD and CSHI is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022	0.04

Return for Risk

IGLD vs. CSHI — Risk / Return Rank

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

IGLD

IGLD Risk / Return Rank: 23
IGLD Sharpe Ratio Rank: 23
IGLD Sortino Ratio Rank: 22
IGLD Omega Ratio Rank: 26
IGLD Calmar Ratio Rank: 21
IGLD Martin Ratio Rank: 22

CSHI

CSHI Risk / Return Rank: 99
CSHI Sharpe Ratio Rank: 99
CSHI Sortino Ratio Rank: 99
CSHI Omega Ratio Rank: 98
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.

IGLD vs. CSHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Target Income ETF (IGLD) 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.

	IGLD	CSHI	Difference
Sharpe ratio: Return per unit of total volatility	0.73	5.77	-5.04
Sortino ratio: Return per unit of downside risk	1.08	10.45	-9.38
Omega ratio: Gain probability vs. loss probability	1.16	2.60	-1.44
Calmar ratio: Return relative to maximum drawdown	0.80	24.49	-23.69
Martin ratio: Return relative to average drawdown	2.45	131.09	-128.63

IGLD vs. CSHI - Sharpe Ratio Comparison

The current IGLD Sharpe Ratio is 0.73, which is lower than the CSHI Sharpe Ratio of 5.77. The chart below compares the historical Sharpe Ratios of IGLD 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.

Drawdowns

IGLD vs. CSHI - Drawdown Comparison

The maximum IGLD drawdown since its inception was -21.90%, which is greater than CSHI's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for IGLD and CSHI.

Drawdown Indicators

	IGLD	CSHI	Difference
Max Drawdown Largest peak-to-trough decline	-21.90%	-1.69%	-20.21%
Max Drawdown (1Y) Largest decline over 1 year	-21.90%	-0.21%	-21.69%
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	-1.69%	-20.21%
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	—	—
Current Drawdown Current decline from peak	-19.44%	0.00%	-19.44%
Average Drawdown Average peak-to-trough decline	-5.31%	-0.03%	-5.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.12%	0.04%	+7.08%

Volatility

IGLD vs. CSHI - Volatility Comparison

FT Vest Gold Strategy Target Income ETF (IGLD) has a higher volatility of 7.55% compared to NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI) at 0.33%. This indicates that IGLD'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

	IGLD	CSHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	0.33%	+7.22%
Volatility (6M) Calculated over the trailing 6-month period	22.02%	0.60%	+21.42%
Volatility (1Y) Calculated over the trailing 1-year period	24.13%	0.91%	+23.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.44%	1.33%	+14.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.23%	1.33%	+13.90%

IGLD vs. CSHI - Expense Ratio Comparison

IGLD has a 0.85% expense ratio, which is higher than CSHI's 0.38% expense ratio.

Dividends

IGLD vs. CSHI - Dividend Comparison

IGLD's dividend yield for the trailing twelve months is around 18.87%, more than CSHI's 5.31% yield.

Position	TTM	2025	2024	2023	2022	2021
CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF	5.31%	5.11%	5.72%	6.15%	1.52%	0.00%
IGLD FT Vest Gold Strategy Target Income ETF	18.87%	9.91%	20.81%	7.85%	4.45%	2.24%

Frequently Asked Questions

Can I hold both IGLD and CSHI in my portfolio?

IGLD and CSHI have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGLD or CSHI?

IGLD has higher volatility (7.55%) compared to CSHI (0.33%). In terms of maximum drawdown, IGLD dropped -21.90% vs CSHI's -1.69%.

Which ETF is better, IGLD or CSHI?

On 3-year performance, IGLD leads with 20.89% vs 5.42% for CSHI. On fees, CSHI is cheaper at 0.38% per year. On volatility, CSHI has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGLD or CSHI?

Over the 3-year period, IGLD has performed better with a 20.89% return vs 5.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGLD or CSHI?

CSHI is cheaper with a 0.38% expense ratio, compared with 0.85% for IGLD.

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

IGLD has the higher dividend yield at 18.87%, compared with 5.31% for CSHI.

What is the main difference between IGLD and CSHI?

IGLD is categorized as Gold, while CSHI is Ultrashort Bond. They also come from different issuers: First Trust and Neos. Their fees differ too: 0.85% for IGLD and 0.38% for CSHI.

Which has better risk-adjusted returns?

CSHI currently has the higher Sharpe Ratio (5.77 vs 0.73), 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.