BPAY vs. CSHP
BPAY (BlackRock Future Financial and Technology ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - BPAY is a Financials Equities fund actively managed by BlackRock, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, BPAY returned -15.94% vs 3.96% for CSHP. At a 0.00 correlation, their price movements are largely independent. BPAY charges 0.70%/yr vs 0.20%/yr for CSHP.
Performance
BPAY vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, BPAY achieves a -9.10% return, which is significantly lower than CSHP's 1.86% return.
BPAY
- 1D
- -1.54%
- 1M
- 2.15%
- YTD
- -9.10%
- 6M
- -11.94%
- 1Y
- -15.94%
- 3Y*
- 9.58%
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BPAY vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | -9.10% | 8.54% | 7.45% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between BPAY and CSHP is -0.15, 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 (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.00 |
The correlation between BPAY and CSHP shifts across timeframes, from -0.15 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BPAY vs. CSHP — Risk / Return Rank
BPAY
CSHP
BPAY vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) 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.
| BPAY | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.84 | ||
| Sortino ratioReturn per unit of downside risk | -29.02 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 6.67 | -5.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 65.84 | -66.32 |
| Martin ratioReturn relative to average drawdown | -0.90 | 395.75 | -396.65 |
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Drawdowns
BPAY vs. CSHP - Drawdown Comparison
The maximum BPAY drawdown since its inception was -33.62%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for BPAY and CSHP.
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Drawdown Indicators
| BPAY | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -0.08% | -33.54% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -0.06% | -33.56% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | — | — |
Current DrawdownCurrent decline from peak | -23.21% | -0.01% | -23.20% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -0.00% | -10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.83% | 0.01% | +17.82% |
Volatility
BPAY vs. CSHP - Volatility Comparison
BlackRock Future Financial and Technology ETF (BPAY) has a higher volatility of 9.59% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that BPAY'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
| BPAY | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.59% | 0.15% | +9.44% |
Volatility (6M)Calculated over the trailing 6-month period | 19.76% | 0.27% | +19.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.99% | 0.36% | +25.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.49% | 0.41% | +24.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.49% | 0.41% | +24.08% |
BPAY vs. CSHP - Expense Ratio Comparison
BPAY has a 0.70% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
BPAY vs. CSHP - Dividend Comparison
BPAY's dividend yield for the trailing twelve months is around 7.46%, more than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 7.46% | 6.49% | 0.48% | 1.18% | 0.18% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% | 0.00% | 0.00% |
Frequently Asked Questions
BPAY and CSHP have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BPAY has higher volatility (9.59%) compared to CSHP (0.15%). In terms of maximum drawdown, BPAY dropped -33.62% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.96% vs -15.94% for BPAY. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.15%. 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 3.96% return vs -15.94%. 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 0.70% for BPAY.
BPAY has the higher dividend yield at 7.46%, compared with 3.91% for CSHP.
BPAY is categorized as Financials Equities, while CSHP is Ultrashort Bond. They also come from different issuers: BlackRock and iShares. Their fees differ too: 0.70% for BPAY and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.22 vs -0.62), 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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