CSHP vs. PSCU
CSHP (iShares Enhanced Short-Term Bond Active ETF) and PSCU (Invesco S&P SmallCap Utilities & Communication Services ETF) are both exchange-traded funds - CSHP is a Ultrashort Bond fund actively managed by iShares, while PSCU is a Utilities Equities fund tracking the S&P SmallCap 600 Capped Utilities & Communication Services Index. CSHP is actively managed, while PSCU is passively managed. Over the past year, CSHP returned 4.19% vs 20.36% for PSCU. Their -0.01 correlation means they have often moved in opposite directions in the past. CSHP charges 0.20%/yr vs 0.29%/yr for PSCU.
Performance
CSHP vs. PSCU - 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 PSCU's 13.05% return.
CSHP
- 1D
- 0.15%
- 1M
- 0.50%
- 6M
- 2.23%
- YTD
- 2.53%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.37%
PSCU
- 1D
- 1.08%
- 1M
- -1.03%
- 6M
- 9.96%
- YTD
- 13.05%
- 1Y
- 20.36%
- 3Y*
- 7.24%
- 5Y*
- 1.15%
- 10Y*
- 5.54%
- ALL TIME*
- 8.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.42M | $7.30M | $2.63M | |
| $34.31K | $70.63K | $72.54K |
CSHP vs. PSCU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 2.53% | 4.10% | 2.24% |
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF | 13.05% | -1.93% | 9.96% |
Correlation
The correlation between CSHP and PSCU is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | -0.01 |
The correlation between CSHP and PSCU shifts across timeframes, from -0.14 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSHP vs. PSCU — Risk / Return Rank
CSHP
PSCU
CSHP vs. PSCU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Short-Term Bond Active ETF (CSHP) and Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU). 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 | PSCU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +4.67 | ||
| Omega ratioGain probability vs. loss probability | 2.79 | 1.22 | +1.56 |
| Calmar ratioReturn relative to maximum drawdown | 10.90 | 2.46 | +8.44 |
| Martin ratioReturn relative to average drawdown | 68.37 | 6.19 | +62.18 |
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Drawdowns
CSHP vs. PSCU - Drawdown Comparison
The maximum CSHP drawdown since its inception was -0.39%, smaller than the maximum PSCU drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for CSHP and PSCU.
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Drawdown Indicators
| CSHP | PSCU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.39% | -29.97% | +29.58% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -8.32% | +7.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.97% | — |
Current DrawdownCurrent decline from peak | -0.12% | -2.80% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -7.62% | +7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 3.30% | -3.24% |
Volatility
CSHP vs. PSCU - Volatility Comparison
The current volatility for iShares Enhanced Short-Term Bond Active ETF (CSHP) is 1.11%, while Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) has a volatility of 3.21%. This indicates that CSHP experiences smaller price fluctuations and is considered to be less risky than PSCU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSHP | PSCU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 3.21% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 11.24% | -10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.15% | 15.53% | -14.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.86% | 18.41% | -17.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 19.50% | -18.64% |
CSHP vs. PSCU - Expense Ratio Comparison
CSHP has a 0.20% expense ratio, which is lower than PSCU's 0.29% expense ratio.
Dividends
CSHP vs. PSCU - Dividend Comparison
CSHP's dividend yield for the trailing twelve months is around 4.10%, more than PSCU's 0.98% 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% |
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF | 0.98% | 1.10% | 0.98% | 1.60% | 1.71% | 2.69% | 1.20% | 2.47% | 2.35% | 1.84% | 6.93% | 2.94% |
Frequently Asked Questions
CSHP and PSCU have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCU has higher volatility (3.21%) compared to CSHP (1.11%). In terms of maximum drawdown, CSHP dropped -0.39% vs PSCU's -29.97%.
On 1-year performance, PSCU leads with 20.36% vs 4.19% for CSHP. On fees, CSHP is cheaper at 0.20% 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, PSCU has performed better with a 20.36% return vs 4.19%. 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 0.29% for PSCU.
CSHP has the higher dividend yield at 4.10%, compared with 0.98% for PSCU.
CSHP is categorized as Ultrashort Bond, while PSCU is Utilities Equities. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for CSHP and 0.29% for PSCU.
CSHP currently has the higher Sharpe Ratio (3.67 vs 1.32), 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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