CGSD vs. CSHP

Last updated Jun 19, 2026

CGSD (Capital Group Short Duration Income ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - CGSD is a Short-Term Bond fund actively managed by Capital Group, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, CGSD returned 4.08% vs 4.00% for CSHP. At a correlation of -0.18, they often move in opposite directions. CGSD charges 0.25%/yr vs 0.20%/yr for CSHP.

Performance

CGSD vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group Short Duration Income ETF (CGSD) 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, CGSD achieves a 0.72% return, which is significantly lower than CSHP's 1.87% return.

CGSD

• 1D: 0.04%
• 1M: 0.36%
• YTD: 0.72%
• 6M: 0.84%
• 1Y: 4.08%
• 3Y*: 5.34%
• 5Y*: —
• 10Y*: —

CSHP

• 1D: 0.06%
• 1M: 0.33%
• YTD: 1.87%
• 6M: 1.95%
• 1Y: 4.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGSD vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGSD Capital Group Short Duration Income ETF	0.72%	6.11%	2.68%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.87%	4.10%	2.24%

Correlation

The correlation between CGSD and CSHP is -0.23, 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	-0.23
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	-0.18

Return for Risk

CGSD vs. CSHP — Risk / Return Rank

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

CGSD

CGSD Risk / Return Rank: 88
CGSD Sharpe Ratio Rank: 90
CGSD Sortino Ratio Rank: 94
CGSD Omega Ratio Rank: 92
CGSD Calmar Ratio Rank: 77
CGSD Martin Ratio Rank: 87

CSHP

CSHP Risk / Return Rank: 99
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 99
CSHP Omega Ratio Rank: 99
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.

CGSD vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group Short Duration Income ETF (CGSD) 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.

	CGSD	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	2.80	11.36	-8.56
Sortino ratio: Return per unit of downside risk	4.41	28.68	-24.28
Omega ratio: Gain probability vs. loss probability	1.57	6.83	-5.25
Calmar ratio: Return relative to maximum drawdown	3.68	66.48	-62.80
Martin ratio: Return relative to average drawdown	17.39	400.50	-383.11

CGSD vs. CSHP - Sharpe Ratio Comparison

The current CGSD Sharpe Ratio is 2.80, which is lower than the CSHP Sharpe Ratio of 11.36. The chart below compares the historical Sharpe Ratios of CGSD and CSHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGSD vs. CSHP - Drawdown Comparison

The maximum CGSD drawdown since its inception was -1.75%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for CGSD and CSHP.

Drawdown Indicators

	CGSD	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-1.75%	-0.08%	-1.67%
Max Drawdown (1Y) Largest decline over 1 year	-1.11%	-0.06%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-1.11%	—	—
Current Drawdown Current decline from peak	-0.19%	0.00%	-0.19%
Average Drawdown Average peak-to-trough decline	-0.28%	-0.00%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	0.01%	+0.23%

Volatility

CGSD vs. CSHP - Volatility Comparison

Capital Group Short Duration Income ETF (CGSD) has a higher volatility of 0.48% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that CGSD'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.

Volatility by Period

	CGSD	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	0.15%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	1.05%	0.27%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	1.46%	0.35%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.16%	0.41%	+1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.16%	0.41%	+1.75%

CGSD vs. CSHP - Expense Ratio Comparison

CGSD has a 0.25% expense ratio, which is higher than CSHP's 0.20% 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

CGSD vs. CSHP - Dividend Comparison

CGSD's dividend yield for the trailing twelve months is around 4.46%, more than CSHP's 3.91% yield.

Position	TTM	2025	2024	2023	2022
CGSD Capital Group Short Duration Income ETF	4.46%	4.48%	4.57%	4.43%	0.64%
CSHP iShares Enhanced Short-Term Bond Active ETF	3.91%	5.39%	1.96%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGSD and CSHP in my portfolio?

CGSD and CSHP have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGSD or CSHP?

CGSD has higher volatility (0.48%) compared to CSHP (0.15%). In terms of maximum drawdown, CGSD dropped -1.75% vs CSHP's -0.08%.

Which ETF is better, CGSD or CSHP?

On 1-year performance, CGSD leads with 4.08% vs 4.00% for CSHP. 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.

Which ETF has performed better, CGSD or CSHP?

Over the 1-year period, CGSD has performed better with a 4.08% return vs 4.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGSD or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.25% for CGSD.

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

CGSD has the higher dividend yield at 4.46%, compared with 3.91% for CSHP.

What is the main difference between CGSD and CSHP?

CGSD is categorized as Short-Term Bond, while CSHP is Ultrashort Bond. They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.25% for CGSD and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.36 vs 2.80), 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.