SGOV vs. CSHI
Compare and contrast key facts about iShares 0-3 Month Treasury Bond ETF (SGOV) and Neos Enhanced Income Cash Alternative ETF (CSHI).
SGOV and CSHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020. CSHI is a passively managed fund by Neos that tracks the performance of the NONE. It was launched on Aug 29, 2022. Both SGOV and CSHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SGOV vs. CSHI - Performance Comparison
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SGOV vs. CSHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 0.92% | 4.24% | 5.27% | 5.12% | 1.13% |
CSHI Neos Enhanced Income Cash Alternative ETF | 1.33% | 5.05% | 5.66% | 6.21% | 1.46% |
Returns By Period
In the year-to-date period, SGOV achieves a 0.92% return, which is significantly lower than CSHI's 1.33% return.
SGOV
- 1D
- 0.04%
- 1M
- 0.32%
- YTD
- 0.92%
- 6M
- 1.92%
- 1Y
- 4.10%
- 3Y*
- 4.81%
- 5Y*
- 3.42%
- 10Y*
- —
CSHI
- 1D
- 0.03%
- 1M
- 0.58%
- YTD
- 1.33%
- 6M
- 2.61%
- 1Y
- 5.29%
- 3Y*
- 5.48%
- 5Y*
- —
- 10Y*
- —
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SGOV vs. CSHI - Expense Ratio Comparison
SGOV has a 0.09% expense ratio, which is lower than CSHI's 0.38% expense ratio.
Return for Risk
SGOV vs. CSHI — Risk / Return Rank
SGOV
CSHI
SGOV vs. CSHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) 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.
| SGOV | CSHI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 20.63 | 2.64 | +17.99 |
Sortino ratioReturn per unit of downside risk | 286.00 | 3.91 | +282.09 |
Omega ratioGain probability vs. loss probability | 202.83 | 1.99 | +200.84 |
Calmar ratioReturn relative to maximum drawdown | 412.76 | 3.16 | +409.61 |
Martin ratioReturn relative to average drawdown | 4,634.41 | 28.27 | +4,606.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGOV | CSHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 20.63 | 2.64 | +17.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 14.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 12.35 | 4.10 | +8.26 |
Correlation
The correlation between SGOV and CSHI is -0.03. 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.
Dividends
SGOV vs. CSHI - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.95%, less than CSHI's 4.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.95% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
CSHI Neos Enhanced Income Cash Alternative ETF | 4.98% | 5.11% | 5.72% | 6.15% | 1.52% | 0.00% | 0.00% |
Drawdowns
SGOV vs. CSHI - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum CSHI drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for SGOV and CSHI.
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Drawdown Indicators
| SGOV | CSHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -1.69% | +1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -1.43% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -0.03% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.19% | -0.19% |
Volatility
SGOV vs. CSHI - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.06%, while Neos Enhanced Income Cash Alternative ETF (CSHI) has a volatility of 0.39%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than CSHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | CSHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 0.39% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 0.67% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 2.01% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 1.35% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 1.35% | -1.11% |