CSHI vs IVV
NEOS Enhanced Income 1-3 Month T-Bill ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CSHI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.03% | |
| AUM | $1.6B | $907.0B | |
| Dividend Yield | 4.83% | 1.10% | |
| Holdings | 22 | 508 | |
| YTD Return | +3.17% | +12.28% | |
| 1Y Return | +4.95% | +20.94% | |
| 3Y Return (annualized) | +5.36% | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 0.4% | 15.1% | |
| Max Drawdown | -1.7% | -56.5% | |
| Fund Family | NEOS | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 30, 2022 | May 15, 2000 |
CSHI vs IVV Performance
NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI) is a ETF from NEOS and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CSHI returned +4.95% while IVV returned +20.94%. Year to date, CSHI is up 3.17% versus a gain of 12.28% for IVV.
Over three years, CSHI compounded at +5.36% per year against +21.81% for IVV. Across the full 4-year window we track, IVV has the edge at +6.98% annualized vs +5.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.4% for CSHI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -1.7% for CSHI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CSHI charges 0.38% per year while IVV charges 0.03%. On a $10,000 position that is $38 vs $3 annually, a gap of $35 per year that compounds over a long holding period. On income, CSHI currently yields 4.83% against 1.10% for IVV.
Holdings Overlap
CSHI and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CSHI or IVV?
CSHI has an expense ratio of 0.38% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, CSHI or IVV?
Over the past year CSHI returned +4.95% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), CSHI annualized +5.43% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, CSHI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 0.4% for CSHI. Worst drawdown: CSHI -1.7% vs IVV -56.5%.
Should I hold both CSHI and IVV?
CSHI and IVV have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CSHI and IVV?
CSHI and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, CSHI or IVV?
CSHI yields 4.83% while IVV yields 1.10%, so CSHI currently pays the higher dividend yield.
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