PFIIX vs. CSHI

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO Low Duration Income Fund (PFIIX) and Neos Enhanced Income Cash Alternative ETF (CSHI).

PFIIX is managed by PIMCO. It was launched on Jul 30, 2004. CSHI is a passively managed fund by Neos that tracks the performance of the NONE. It was launched on Aug 29, 2022.

Performance

PFIIX vs. CSHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Low Duration Income Fund (PFIIX) and Neos Enhanced Income Cash Alternative ETF (CSHI). The values are adjusted to include any dividend payments, if applicable.

PFIIX vs. CSHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PFIIX PIMCO Low Duration Income Fund	-0.72%	9.56%	7.19%	7.78%	0.08%
CSHI Neos Enhanced Income Cash Alternative ETF	1.30%	5.05%	5.66%	6.21%	1.46%

Returns By Period

In the year-to-date period, PFIIX achieves a -0.72% return, which is significantly lower than CSHI's 1.30% return.

PFIIX

• 1D: 0.25%
• 1M: -1.92%
• YTD: -0.72%
• 6M: 1.39%
• 1Y: 5.80%
• 3Y*: 7.32%
• 5Y*: 3.91%
• 10Y*: 5.09%

CSHI

• 1D: 0.18%
• 1M: 0.57%
• YTD: 1.30%
• 6M: 2.57%
• 1Y: 5.43%
• 3Y*: 5.49%
• 5Y*: —
• 10Y*: —

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

PFIIX vs. CSHI - Expense Ratio Comparison

PFIIX has a 0.50% expense ratio, which is higher than CSHI's 0.38% expense ratio.

PFIIX

PIMCO Low Duration Income Fund

CSHI

Neos Enhanced Income Cash Alternative ETF

Return for Risk

PFIIX vs. CSHI — Risk / Return Rank

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

PFIIX

PFIIX Risk / Return Rank: 94
PFIIX Sharpe Ratio Rank: 94
PFIIX Sortino Ratio Rank: 96
PFIIX Omega Ratio Rank: 94
PFIIX Calmar Ratio Rank: 93
PFIIX Martin Ratio Rank: 93

CSHI

CSHI Risk / Return Rank: 97
CSHI Sharpe Ratio Rank: 97
CSHI Sortino Ratio Rank: 98
CSHI Omega Ratio Rank: 98
CSHI Calmar Ratio Rank: 92
CSHI Martin Ratio Rank: 98

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.

PFIIX vs. CSHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Income Fund (PFIIX) 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.

	PFIIX	CSHI	Difference
Sharpe ratio Return per unit of total volatility	2.17	2.71	-0.54
Sortino ratio Return per unit of downside risk	3.34	4.01	-0.66
Omega ratio Gain probability vs. loss probability	1.49	2.01	-0.52
Calmar ratio Return relative to maximum drawdown	2.92	3.21	-0.29
Martin ratio Return relative to average drawdown	11.40	28.78	-17.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFIIX vs. CSHI - Sharpe Ratio Comparison

The current PFIIX Sharpe Ratio is 2.17, which is comparable to the CSHI Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of PFIIX and CSHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PFIIX	CSHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.71	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	4.10	-3.18

Correlation

The correlation between PFIIX and CSHI is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PFIIX vs. CSHI - Dividend Comparison

PFIIX's dividend yield for the trailing twelve months is around 5.05%, more than CSHI's 4.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PFIIX PIMCO Low Duration Income Fund	5.05%	5.49%	5.94%	4.97%	5.35%	3.06%	3.44%	4.74%	3.22%	3.13%	3.75%	5.36%
CSHI Neos Enhanced Income Cash Alternative ETF	4.98%	5.11%	5.72%	6.15%	1.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PFIIX vs. CSHI - Drawdown Comparison

The maximum PFIIX drawdown since its inception was -28.35%, which is greater than CSHI's maximum drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for PFIIX and CSHI.

Drawdown Indicators

	PFIIX	CSHI	Difference
Max Drawdown Largest peak-to-trough decline	-28.35%	-1.69%	-26.66%
Max Drawdown (1Y) Largest decline over 1 year	-2.16%	-1.69%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-8.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.72%	—	—
Current Drawdown Current decline from peak	-1.92%	0.00%	-1.92%
Average Drawdown Average peak-to-trough decline	-2.62%	-0.03%	-2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	0.19%	+0.36%

Volatility

PFIIX vs. CSHI - Volatility Comparison

PIMCO Low Duration Income Fund (PFIIX) has a higher volatility of 1.17% compared to Neos Enhanced Income Cash Alternative ETF (CSHI) at 0.39%. This indicates that PFIIX'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

	PFIIX	CSHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	0.39%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	1.84%	0.68%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	2.94%	2.01%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.11%	1.35%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.17%	1.35%	+1.82%