CSHP vs. DGRO

Last updated Jun 4, 2026

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 3.96% vs 22.54% for DGRO. At a 0.05 correlation, their price movements are largely independent. CSHP charges 0.20%/yr vs 0.08%/yr for DGRO.

Performance

CSHP vs. DGRO - Performance Comparison

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

Returns By Period

In the year-to-date period, CSHP achieves a 1.63% return, which is significantly lower than DGRO's 8.76% return.

CSHP

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

DGRO

• 1D: -0.28%
• 1M: 3.14%
• YTD: 8.76%
• 6M: 8.75%
• 1Y: 22.54%
• 3Y*: 16.99%
• 5Y*: 10.54%
• 10Y*: 13.30%

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

CSHP vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	4.10%	2.24%
DGRO iShares Core Dividend Growth ETF	8.76%	15.69%	4.00%

Correlation

The correlation between CSHP and DGRO is -0.08, 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	-0.08
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024	0.05

The correlation between CSHP and DGRO shifts across timeframes, from -0.08 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

CSHP vs. DGRO - Sectors Allocation Comparison

Sectors	CSHP	DGRO
Financial Services	0.1%	21.2%
Basic Materials	-	2.5%
Communication Services	-	0.1%
Consumer Cyclical	-	5.7%
Consumer Defensive	-	11.5%
Energy	-	5.6%
Healthcare	-	16.4%
Industrials	-	10.8%
Real Estate	-	-
Technology	-	19.4%
Utilities	-	6.9%

Return for Risk

CSHP vs. DGRO — 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

DGRO

DGRO Risk / Return Rank: 71
DGRO Sharpe Ratio Rank: 71
DGRO Sortino Ratio Rank: 76
DGRO Omega Ratio Rank: 70
DGRO Calmar Ratio Rank: 69
DGRO Martin Ratio Rank: 71

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.

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.

	CSHP	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	11.91	2.39	+9.51
Sortino ratio: Return per unit of downside risk	31.26	3.49	+27.77
Omega ratio: Gain probability vs. loss probability	7.44	1.43	+6.00
Calmar ratio: Return relative to maximum drawdown	65.71	3.50	+62.21
Martin ratio: Return relative to average drawdown	432.16	13.52	+418.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSHP vs. DGRO - Sharpe Ratio Comparison

The current CSHP Sharpe Ratio is 11.91, which is higher than the DGRO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of CSHP and DGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSHP	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.91	2.39	+9.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	10.75	0.76	+9.99

Drawdowns

CSHP vs. DGRO - Drawdown Comparison

The maximum CSHP drawdown since its inception was -0.08%, 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.

Drawdown Indicators

	CSHP	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-0.08%	-35.10%	+35.02%
Max Drawdown (1Y) Largest decline over 1 year	-0.06%	-6.47%	+6.41%
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 Drawdown Current decline from peak	0.00%	-0.28%	+0.28%
Average Drawdown Average peak-to-trough decline	-0.00%	-3.44%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	1.67%	-1.66%

Volatility

CSHP vs. DGRO - Volatility Comparison

The current volatility for iShares Enhanced Short-Term Bond Active ETF (CSHP) is 0.07%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.21%. 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.

Volatility by Period

	CSHP	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	2.21%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	0.24%	6.91%	-6.67%
Volatility (1Y) Calculated over the trailing 1-year period	0.33%	9.48%	-9.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.40%	13.82%	-13.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.40%	16.62%	-16.22%

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 3.92%, more than DGRO's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	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	1.96%	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

Can I hold both CSHP and DGRO in my portfolio?

CSHP and DGRO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSHP or DGRO?

DGRO has higher volatility (2.21%) compared to CSHP (0.07%). In terms of maximum drawdown, CSHP dropped -0.08% vs DGRO's -35.10%.

Which ETF is better, CSHP or DGRO?

On 1-year performance, DGRO leads with 22.54% vs 3.96% for CSHP. On fees, DGRO is cheaper at 0.08% per year. On volatility, CSHP has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSHP or DGRO?

Over the 1-year period, DGRO has performed better with a 22.54% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSHP or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.20% for CSHP.

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

CSHP has the higher dividend yield at 3.92%, compared with 1.96% for DGRO.

What is the main difference between CSHP and 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.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.91 vs 2.39), 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.