BLOX vs. CSHP

Last updated Jun 4, 2026

BLOX (Nicholas Crypto Income ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - BLOX is a Cryptocurrency fund actively managed by Nicholas, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. At a correlation of -0.13, they often move in opposite directions. BLOX charges 1.03%/yr vs 0.20%/yr for CSHP.

Performance

BLOX vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Crypto Income ETF (BLOX) and iShares Enhanced Short-Term Bond Active ETF (CSHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLOX achieves a 16.52% return, which is significantly higher than CSHP's 1.63% return.

BLOX

• 1D: -2.56%
• 1M: 10.59%
• YTD: 16.52%
• 6M: 5.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: 0.02%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLOX vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025
BLOX Nicholas Crypto Income ETF	16.52%	9.24%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	2.10%

Correlation

The correlation between BLOX and CSHP is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	-0.13

BLOX vs. CSHP - Sectors Allocation Comparison

Sectors	BLOX	CSHP
Financial Services	60.7%	0.1%
Technology	39.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BLOX vs. CSHP — Risk / Return Rank

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

CSHP

CSHP Risk / Return Rank: 100
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 100
CSHP Omega Ratio Rank: 100
CSHP Calmar Ratio Rank: 100
CSHP Martin Ratio Rank: 100

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.

BLOX vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Crypto Income ETF (BLOX) 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.

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

Sharpe Ratios by Period

	BLOX	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	11.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	10.75	-10.21

Drawdowns

BLOX vs. CSHP - Drawdown Comparison

The maximum BLOX drawdown since its inception was -47.09%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for BLOX and CSHP.

Drawdown Indicators

	BLOX	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-47.09%	-0.08%	-47.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.06%	—
Current Drawdown Current decline from peak	-19.45%	0.00%	-19.45%
Average Drawdown Average peak-to-trough decline	-18.53%	-0.00%	-18.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	BLOX	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	53.44%	0.33%	+53.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.44%	0.40%	+53.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.44%	0.40%	+53.04%

BLOX vs. CSHP - Expense Ratio Comparison

BLOX has a 1.03% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

BLOX vs. CSHP - Dividend Comparison

BLOX's dividend yield for the trailing twelve months is around 36.81%, more than CSHP's 3.92% yield.

Position	TTM	2025	2024
BLOX Nicholas Crypto Income ETF	36.81%	22.69%	0.00%
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	5.39%	1.96%

Frequently Asked Questions

Can I hold both BLOX and CSHP in my portfolio?

BLOX and CSHP have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLOX or CSHP?

On fees, CSHP 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, BLOX or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 1.03% for BLOX.

Which ETF pays a higher dividend yield, BLOX or CSHP?

BLOX has the higher dividend yield at 36.81%, compared with 3.92% for CSHP.

What is the main difference between BLOX and CSHP?

BLOX is categorized as Cryptocurrency, while CSHP is Ultrashort Bond. They also come from different issuers: Nicholas and iShares. Their fees differ too: 1.03% for BLOX and 0.20% for CSHP.