CSHP vs. DGRO
CSHP (iShares Enhanced Short-Term Bond Active ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - CSHP is a Ultrashort Bond fund actively managed by iShares, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. CSHP is actively managed, while DGRO is passively managed. Over the past year, CSHP returned 4.19% vs 24.64% for DGRO. Their 0.04 correlation means their historical movements had little consistent relationship. CSHP charges 0.20%/yr vs 0.08%/yr for DGRO.
Performance
CSHP vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, CSHP achieves a 2.53% return, which is significantly lower than DGRO's 13.79% return.
CSHP
- 1D
- 0.15%
- 1M
- 0.50%
- 6M
- 2.23%
- YTD
- 2.53%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.37%
DGRO
- 1D
- 0.35%
- 1M
- 1.32%
- 6M
- 9.21%
- YTD
- 13.79%
- 1Y
- 24.64%
- 3Y*
- 17.09%
- 5Y*
- 11.15%
- 10Y*
- 13.38%
- ALL TIME*
- 12.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.42M | $7.30M | $2.63M | |
| $107.57M | $103.25M | $110.55M |
CSHP vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 2.53% | 4.10% | 2.24% |
DGRO iShares Core Dividend Growth ETF | 13.79% | 15.69% | 3.02% |
Correlation
The correlation between CSHP and DGRO is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.04 |
The correlation between CSHP and DGRO shifts across timeframes, from -0.06 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSHP vs. DGRO — Risk / Return Rank
CSHP
DGRO
CSHP vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Short-Term Bond Active ETF (CSHP) and iShares Core Dividend Growth ETF (DGRO). 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.
| CSHP | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 2.79 | 1.48 | +1.31 |
| Calmar ratioReturn relative to maximum drawdown | 10.90 | 3.83 | +7.07 |
| Martin ratioReturn relative to average drawdown | 68.37 | 14.91 | +53.46 |
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Drawdowns
CSHP vs. DGRO - Drawdown Comparison
The maximum CSHP drawdown since its inception was -0.39%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for CSHP and DGRO.
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Drawdown Indicators
| CSHP | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.39% | -35.10% | +34.71% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -6.47% | +6.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.01% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -3.41% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 1.66% | -1.60% |
Volatility
CSHP vs. DGRO - Volatility Comparison
The current volatility for iShares Enhanced Short-Term Bond Active ETF (CSHP) is 1.11%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.88%. This indicates that CSHP experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSHP | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 2.88% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 7.12% | -6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.15% | 9.54% | -8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.86% | 13.79% | -12.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 16.58% | -15.72% |
CSHP vs. DGRO - Expense Ratio Comparison
CSHP has a 0.20% expense ratio, which is higher than DGRO's 0.08% 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
CSHP vs. DGRO - Dividend Comparison
CSHP's dividend yield for the trailing twelve months is around 4.10%, more than DGRO's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 4.10% | 5.39% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 1.89% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
Frequently Asked Questions
CSHP and DGRO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.88%) compared to CSHP (1.11%). In terms of maximum drawdown, CSHP dropped -0.39% vs DGRO's -35.10%.
On 1-year performance, DGRO leads with 24.64% vs 4.19% for CSHP. On fees, DGRO is cheaper at 0.08% per year. On volatility, CSHP has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DGRO has performed better with a 24.64% return vs 4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.20% for CSHP.
CSHP has the higher dividend yield at 4.10%, compared with 1.89% for DGRO.
CSHP is categorized as Ultrashort Bond, while DGRO is Large Cap Growth Equities. Their fees differ too: 0.20% for CSHP and 0.08% for DGRO.
CSHP currently has the higher Sharpe Ratio (3.67 vs 2.60), 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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