BILT vs. KCSH

Last updated Jun 24, 2026

BILT (iShares Infrastructure Active ETF) and KCSH (KraneShares Sustainable Ultra Short Duration Index ETF) are both exchange-traded funds - BILT is a Utilities Equities fund actively managed by iShares, while KCSH is a Ultrashort Bond fund tracking the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index. BILT is actively managed, while KCSH is passively managed. At a 0.02 correlation, their price movements are largely independent. BILT charges 0.60%/yr vs 0.20%/yr for KCSH.

Performance

BILT vs. KCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Infrastructure Active ETF (BILT) and KraneShares Sustainable Ultra Short Duration Index ETF (KCSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BILT achieves a 13.47% return, which is significantly higher than KCSH's 1.67% return.

BILT

• 1D: 0.43%
• 1M: -0.78%
• YTD: 13.47%
• 6M: 13.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KCSH

• 1D: -0.02%
• 1M: 0.30%
• YTD: 1.67%
• 6M: 1.74%
• 1Y: 4.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BILT vs. KCSH - Yearly Performance Comparison

	2026 (YTD)	2025
BILT iShares Infrastructure Active ETF	13.47%	4.16%
KCSH KraneShares Sustainable Ultra Short Duration Index ETF	1.67%	1.86%

Correlation

The correlation between BILT and KCSH is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.02

Return for Risk

BILT vs. KCSH — Risk / Return Rank

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

BILT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KCSH

KCSH Risk / Return Rank: 95
KCSH Sharpe Ratio Rank: 93
KCSH Sortino Ratio Rank: 94
KCSH Omega Ratio Rank: 98
KCSH Calmar Ratio Rank: 94
KCSH 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.

BILT vs. KCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Infrastructure Active ETF (BILT) and KraneShares Sustainable Ultra Short Duration Index ETF (KCSH). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BILT	KCSH	Difference
Sharpe ratio: Return per unit of total volatility	—	3.23	—
Sortino ratio: Return per unit of downside risk	—	4.57	—
Omega ratio: Gain probability vs. loss probability	—	2.10	—
Calmar ratio: Return relative to maximum drawdown	—	6.93	—
Martin ratio: Return relative to average drawdown	—	58.19	—

Drawdowns

BILT vs. KCSH - Drawdown Comparison

The maximum BILT drawdown since its inception was -5.38%, which is greater than KCSH's maximum drawdown of -0.58%. Use the drawdown chart below to compare losses from any high point for BILT and KCSH.

Drawdown Indicators

	BILT	KCSH	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-0.58%	-4.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.58%	—
Current Drawdown Current decline from peak	-1.42%	-0.02%	-1.40%
Average Drawdown Average peak-to-trough decline	-1.44%	-0.03%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.07%	—

Volatility

Volatility by Period

	BILT	KCSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.28%	1.25%	+9.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.28%	1.32%	+8.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.28%	1.32%	+8.96%

BILT vs. KCSH - Expense Ratio Comparison

BILT has a 0.60% expense ratio, which is higher than KCSH's 0.20% expense ratio.

Dividends

BILT vs. KCSH - Dividend Comparison

BILT's dividend yield for the trailing twelve months is around 5.74%, more than KCSH's 3.96% yield.

Position	TTM	2025	2024
BILT iShares Infrastructure Active ETF	5.74%	0.99%	0.00%
KCSH KraneShares Sustainable Ultra Short Duration Index ETF	3.96%	4.35%	2.08%

Frequently Asked Questions

Can I hold both BILT and KCSH in my portfolio?

BILT and KCSH have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BILT or KCSH?

On fees, KCSH is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BILT or KCSH?

KCSH is cheaper with a 0.20% expense ratio, compared with 0.60% for BILT.

Which ETF pays a higher dividend yield, BILT or KCSH?

BILT has the higher dividend yield at 5.74%, compared with 3.96% for KCSH.

What is the main difference between BILT and KCSH?

BILT is categorized as Utilities Equities, while KCSH is Ultrashort Bond. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.60% for BILT and 0.20% for KCSH.