BBBIX vs. ICSH
BBBIX (BBH Limited Duration Fund) and ICSH (iShares Ultra Short Duration Bond Active ETF) are both Ultrashort Bond funds. Over the past 10 years, BBBIX returned 3.46%/yr vs 2.76%/yr for ICSH. At a 0.21 correlation, their price movements are largely independent. BBBIX charges 0.27%/yr vs 0.08%/yr for ICSH.
Performance
BBBIX vs. ICSH - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with BBBIX at 1.45% and ICSH at 1.45%. Over the past 10 years, BBBIX has outperformed ICSH with an annualized return of 3.46%, while ICSH has yielded a comparatively lower 2.76% annualized return.
BBBIX
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.45%
- 6M
- 1.87%
- 1Y
- 4.80%
- 3Y*
- 6.31%
- 5Y*
- 4.00%
- 10Y*
- 3.46%
ICSH
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.45%
- 6M
- 1.79%
- 1Y
- 4.36%
- 3Y*
- 5.20%
- 5Y*
- 3.67%
- 10Y*
- 2.76%
BBBIX vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBBIX BBH Limited Duration Fund | 1.45% | 5.62% | 6.79% | 7.63% | -1.42% | 1.06% | 2.85% | 4.39% | 2.07% | 2.51% |
ICSH iShares Ultra Short Duration Bond Active ETF | 1.45% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
Correlation
The correlation between BBBIX and ICSH is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2013 | 0.21 |
The correlation between BBBIX and ICSH shifts across timeframes, from 0.21 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBBIX vs. ICSH — Risk / Return Rank
BBBIX
ICSH
BBBIX vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BBH Limited Duration Fund (BBBIX) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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.
| BBBIX | ICSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.15 | ||
| Sortino ratioReturn per unit of downside risk | -20.24 | ||
| Omega ratioGain probability vs. loss probability | 2.37 | 6.79 | -4.42 |
| Calmar ratioReturn relative to maximum drawdown | 8.41 | 44.30 | -35.88 |
| Martin ratioReturn relative to average drawdown | 35.12 | 297.17 | -262.05 |
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
| BBBIX | ICSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.07 | 11.22 | -8.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.60 | 7.64 | -5.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.35 | 2.62 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.48 | 1.93 | -0.46 |
Drawdowns
BBBIX vs. ICSH - Drawdown Comparison
The maximum BBBIX drawdown since its inception was -6.60%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for BBBIX and ICSH.
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Drawdown Indicators
| BBBIX | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.60% | -3.94% | -2.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.57% | -0.10% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -0.57% | -0.10% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -3.16% | -0.73% | -2.43% |
Max Drawdown (10Y)Largest decline over 10 years | -6.60% | -3.94% | -2.66% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.46% | -0.08% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.14% | 0.01% | +0.13% |
Volatility
BBBIX vs. ICSH - Volatility Comparison
BBH Limited Duration Fund (BBBIX) has a higher volatility of 0.43% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.15%. This indicates that BBBIX's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBBIX | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.15% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 0.30% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.56% | 0.39% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.55% | 0.48% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.47% | 1.06% | +0.41% |
BBBIX vs. ICSH - Expense Ratio Comparison
BBBIX has a 0.27% expense ratio, which is higher than ICSH's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBBIX vs. ICSH - Dividend Comparison
BBBIX's dividend yield for the trailing twelve months is around 4.60%, more than ICSH's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBIX BBH Limited Duration Fund | 4.60% | 4.68% | 4.88% | 4.31% | 1.84% | 1.35% | 2.09% | 3.01% | 2.66% | 2.09% | 2.23% | 2.08% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Frequently Asked Questions
BBBIX and ICSH have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBBIX has higher volatility (0.43%) compared to ICSH (0.15%). In terms of maximum drawdown, BBBIX dropped -6.60% vs ICSH's -3.94%.
ICSH currently has the higher Sharpe Ratio (11.22 vs 3.07), 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.
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