CSHP vs. IBIT
CSHP (iShares Enhanced Short-Term Bond Active ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - CSHP is a Ultrashort Bond fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. CSHP is actively managed, while IBIT is passively managed. Over the past year, CSHP returned 3.89% vs -43.61% for IBIT. At a 0.08 correlation, their price movements are largely independent. CSHP charges 0.20%/yr vs 0.25%/yr for IBIT.
Performance
CSHP vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, CSHP achieves a 1.79% return, which is significantly higher than IBIT's -31.78% return.
CSHP
- 1D
- -0.04%
- 1M
- 0.23%
- YTD
- 1.79%
- 6M
- 1.85%
- 1Y
- 3.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.79% | 4.10% | 2.24% |
IBIT iShares Bitcoin Trust ETF | -31.78% | -6.41% | 44.00% |
Correlation
The correlation between CSHP and IBIT 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 18, 2024 | 0.08 |
The correlation between CSHP and IBIT shifts across timeframes, from -0.08 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSHP vs. IBIT — Risk / Return Rank
CSHP
IBIT
CSHP vs. IBIT - 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 Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.79 | ||
| Sortino ratioReturn per unit of downside risk | +27.60 | ||
| Omega ratioGain probability vs. loss probability | 6.09 | 0.84 | +5.25 |
| Calmar ratioReturn relative to maximum drawdown | 48.60 | -0.83 | +49.43 |
| Martin ratioReturn relative to average drawdown | 338.28 | -1.42 | +339.70 |
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Drawdowns
CSHP vs. IBIT - Drawdown Comparison
The maximum CSHP drawdown since its inception was -0.08%, smaller than the maximum IBIT drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for CSHP and IBIT.
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Drawdown Indicators
| CSHP | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.08% | -52.49% | +52.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | -52.49% | +52.41% |
Current DrawdownCurrent decline from peak | -0.08% | -52.49% | +52.41% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -16.91% | +16.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 30.76% | -30.75% |
Volatility
CSHP vs. IBIT - Volatility Comparison
The current volatility for iShares Enhanced Short-Term Bond Active ETF (CSHP) is 0.16%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.48%. This indicates that CSHP experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSHP | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 13.48% | -13.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.27% | 34.60% | -34.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.36% | 44.48% | -44.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.41% | 50.25% | -49.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.41% | 50.25% | -49.84% |
CSHP vs. IBIT - Expense Ratio Comparison
CSHP has a 0.20% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, 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. IBIT - Dividend Comparison
CSHP's dividend yield for the trailing twelve months is around 3.92%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.92% | 5.39% | 1.96% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CSHP and IBIT 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.
IBIT has higher volatility (13.48%) compared to CSHP (0.16%). In terms of maximum drawdown, CSHP dropped -0.08% vs IBIT's -52.49%.
On 1-year performance, CSHP leads with 3.89% vs -43.61% for IBIT. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.16%. 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 3.89% return vs -43.61%. 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 0.25% for IBIT.
CSHP has the higher dividend yield at 3.92%, compared with 0.00% for IBIT.
CSHP is categorized as Ultrashort Bond, while IBIT is Cryptocurrency. Their fees differ too: 0.20% for CSHP and 0.25% for IBIT.
CSHP currently has the higher Sharpe Ratio (10.81 vs -0.98), 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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