BITY vs. CSHP
BITY (Amplify Bitcoin 2% Monthly Option Income ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - BITY is a Derivative Income fund actively managed by Amplify, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, BITY returned -38.86% vs 3.94% for CSHP. At a correlation of -0.10, they often move in opposite directions. BITY charges 0.65%/yr vs 0.20%/yr for CSHP.
Performance
BITY vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, BITY achieves a -26.32% return, which is significantly lower than CSHP's 1.83% return.
BITY
- 1D
- -3.55%
- 1M
- -17.96%
- YTD
- -26.32%
- 6M
- -26.36%
- 1Y
- -38.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITY vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | -26.32% | -7.84% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 2.70% |
Correlation
The correlation between BITY and CSHP is -0.09, 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 (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | -0.10 |
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Return for Risk
BITY vs. CSHP — Risk / Return Rank
BITY
CSHP
BITY vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin 2% Monthly Option Income ETF (BITY) and iShares Enhanced Short-Term Bond Active ETF (CSHP). 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.
| BITY | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.04 | ||
| Sortino ratioReturn per unit of downside risk | -28.93 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 6.46 | -5.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 65.45 | -66.23 |
| Martin ratioReturn relative to average drawdown | -1.36 | 381.67 | -383.03 |
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Drawdowns
BITY vs. CSHP - Drawdown Comparison
The maximum BITY drawdown since its inception was -50.04%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for BITY and CSHP.
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Drawdown Indicators
| BITY | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.04% | -0.08% | -49.96% |
Max Drawdown (1Y)Largest decline over 1 year | -50.04% | -0.06% | -49.98% |
Current DrawdownCurrent decline from peak | -47.77% | -0.04% | -47.73% |
Average DrawdownAverage peak-to-trough decline | -20.84% | -0.00% | -20.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.55% | 0.01% | +28.54% |
Volatility
BITY vs. CSHP - Volatility Comparison
Amplify Bitcoin 2% Monthly Option Income ETF (BITY) has a higher volatility of 13.74% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that BITY's price experiences larger fluctuations and is considered to be riskier than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITY | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 0.16% | +13.58% |
Volatility (6M)Calculated over the trailing 6-month period | 31.91% | 0.27% | +31.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.04% | 0.36% | +40.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.52% | 0.41% | +39.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.52% | 0.41% | +39.11% |
BITY vs. CSHP - Expense Ratio Comparison
BITY has a 0.65% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
BITY vs. CSHP - Dividend Comparison
BITY's dividend yield for the trailing twelve months is around 41.39%, more than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | 41.39% | 21.53% | 0.00% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% |
Frequently Asked Questions
BITY and CSHP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITY has higher volatility (13.74%) compared to CSHP (0.16%). In terms of maximum drawdown, BITY dropped -50.04% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.94% vs -38.86% for BITY. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CSHP has performed better with a 3.94% return vs -38.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.65% for BITY.
BITY has the higher dividend yield at 41.39%, compared with 3.91% for CSHP.
BITY is categorized as Derivative Income, while CSHP is Ultrashort Bond. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.65% for BITY and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs -0.95), 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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