PULT vs. CSHI
Compare and contrast key facts about Putnam ESG Ultra Short ETF (PULT) and Neos Enhanced Income Cash Alternative ETF (CSHI).
PULT and CSHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PULT is an actively managed fund by Putnam. It was launched on Jan 19, 2023. CSHI is a passively managed fund by Neos that tracks the performance of the NONE. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PULT or CSHI.
Performance
PULT vs. CSHI - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with PULT having a 5.34% return and CSHI slightly lower at 5.09%.
PULT
5.34%
0.35%
2.99%
6.42%
N/A
N/A
CSHI
5.09%
0.56%
2.93%
5.70%
N/A
N/A
Key characteristics
| PULT | CSHI | |
|---|---|---|
| Sharpe Ratio | 11.63 | 5.80 |
| Sortino Ratio | 31.75 | 9.79 |
| Omega Ratio | 7.23 | 2.98 |
| Calmar Ratio | 45.65 | 14.41 |
| Martin Ratio | 369.33 | 141.37 |
| Ulcer Index | 0.02% | 0.04% |
| Daily Std Dev | 0.55% | 1.00% |
| Max Drawdown | -0.33% | -0.40% |
| Current Drawdown | 0.00% | 0.00% |
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PULT vs. CSHI - Expense Ratio Comparison
PULT has a 0.25% expense ratio, which is lower than CSHI's 0.38% expense ratio.
Correlation
The correlation between PULT and CSHI is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
PULT vs. CSHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam ESG Ultra Short ETF (PULT) 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.
Dividends
PULT vs. CSHI - Dividend Comparison
PULT's dividend yield for the trailing twelve months is around 5.42%, less than CSHI's 5.79% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
PULT Putnam ESG Ultra Short ETF | 5.42% | 4.88% | 0.00% |
CSHI Neos Enhanced Income Cash Alternative ETF | 5.79% | 6.15% | 1.52% |
Drawdowns
PULT vs. CSHI - Drawdown Comparison
The maximum PULT drawdown since its inception was -0.33%, smaller than the maximum CSHI drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for PULT and CSHI. For additional features, visit the drawdowns tool.
Volatility
PULT vs. CSHI - Volatility Comparison
Putnam ESG Ultra Short ETF (PULT) has a higher volatility of 0.15% compared to Neos Enhanced Income Cash Alternative ETF (CSHI) at 0.13%. This indicates that PULT'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.