PCAR vs. CSHI

Last updated Jun 5, 2026

PCAR (PACCAR Inc) is a stock, while CSHI (Neos Enhanced Income Cash Alternative ETF) is Ultrashort Bond fund tracking the NONE. Over the past 3 years, PCAR returned 21.60%/yr vs 5.45%/yr for CSHI. At a 0.20 correlation, their price movements are largely independent.

Performance

PCAR vs. CSHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PACCAR Inc (PCAR) 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, PCAR achieves a 8.43% return, which is significantly higher than CSHI's 2.30% return.

PCAR

• 1D: 3.22%
• 1M: 4.42%
• YTD: 8.43%
• 6M: 10.83%
• 1Y: 30.74%
• 3Y*: 21.60%
• 5Y*: 17.55%
• 10Y*: 16.41%

CSHI

• 1D: 0.04%
• 1M: 0.38%
• YTD: 2.30%
• 6M: 2.65%
• 1Y: 5.29%
• 3Y*: 5.45%
• 5Y*: —
• 10Y*: —

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

PCAR vs. CSHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PCAR PACCAR Inc	8.43%	8.03%	10.81%	55.01%	15.97%
CSHI Neos Enhanced Income Cash Alternative ETF	2.30%	5.05%	5.66%	6.21%	1.46%

Correlation

The correlation between PCAR and CSHI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	0.20

Return for Risk

PCAR vs. CSHI — Risk / Return Rank

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

PCAR

PCAR Risk / Return Rank: 74
PCAR Sharpe Ratio Rank: 76
PCAR Sortino Ratio Rank: 75
PCAR Omega Ratio Rank: 68
PCAR Calmar Ratio Rank: 75
PCAR Martin Ratio Rank: 76

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.

PCAR vs. CSHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PACCAR Inc (PCAR) 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.

	PCAR	CSHI	Difference
Sharpe ratio: Return per unit of total volatility	1.17	6.21	-5.03
Sortino ratio: Return per unit of downside risk	1.95	11.93	-9.98
Omega ratio: Gain probability vs. loss probability	1.21	2.77	-1.56
Calmar ratio: Return relative to maximum drawdown	2.02	29.39	-27.37
Martin ratio: Return relative to average drawdown	5.19	155.42	-150.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCAR vs. CSHI - Sharpe Ratio Comparison

The current PCAR Sharpe Ratio is 1.17, which is lower than the CSHI Sharpe Ratio of 6.21. The chart below compares the historical Sharpe Ratios of PCAR 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

	PCAR	CSHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	6.21	-5.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	4.19	-3.74

Drawdowns

PCAR vs. CSHI - Drawdown Comparison

The maximum PCAR drawdown since its inception was -66.16%, which is greater than CSHI's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for PCAR and CSHI.

Drawdown Indicators

	PCAR	CSHI	Difference
Max Drawdown Largest peak-to-trough decline	-66.16%	-1.69%	-64.47%
Max Drawdown (1Y) Largest decline over 1 year	-15.29%	-0.18%	-15.11%
Max Drawdown (3Y) Largest decline over 3 years	-27.75%	-1.69%	-26.06%
Max Drawdown (5Y) Largest decline over 5 years	-27.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.84%	—	—
Current Drawdown Current decline from peak	-8.53%	0.00%	-8.53%
Average Drawdown Average peak-to-trough decline	-14.42%	-0.03%	-14.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.94%	0.03%	+5.91%

Volatility

PCAR vs. CSHI - Volatility Comparison

PACCAR Inc (PCAR) has a higher volatility of 8.11% compared to Neos Enhanced Income Cash Alternative ETF (CSHI) at 0.12%. This indicates that PCAR'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

	PCAR	CSHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.11%	0.12%	+7.99%
Volatility (6M) Calculated over the trailing 6-month period	18.92%	0.52%	+18.40%
Volatility (1Y) Calculated over the trailing 1-year period	26.34%	0.86%	+25.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.73%	1.32%	+24.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.22%	1.32%	+24.90%

Dividends

PCAR vs. CSHI - Dividend Comparison

PCAR's dividend yield for the trailing twelve months is around 2.32%, less than CSHI's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSHI Neos Enhanced Income Cash Alternative ETF	4.90%	5.11%	5.72%	6.15%	1.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PCAR PACCAR Inc	2.32%	2.48%	4.01%	4.34%	4.23%	3.22%	2.29%	4.53%	5.41%	3.08%	2.44%	4.89%

Frequently Asked Questions

Can I hold both PCAR and CSHI in my portfolio?

PCAR and CSHI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PCAR or CSHI?

PCAR has higher volatility (8.11%) compared to CSHI (0.12%). In terms of maximum drawdown, PCAR dropped -66.16% vs CSHI's -1.69%.

Which has better risk-adjusted returns?

CSHI currently has the higher Sharpe Ratio (6.21 vs 1.17), 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.