CSHP vs. PULT
CSHP (iShares Enhanced Short-Term Bond Active ETF) and PULT (Putnam ESG Ultra Short ETF) are both Ultrashort Bond funds. Both are actively managed. At a correlation of -0.08, they often move in opposite directions. CSHP charges 0.20%/yr vs 0.25%/yr for PULT.
Performance
CSHP vs. PULT - Performance Comparison
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Returns By Period
CSHP
- 1D
- 0.16%
- 1M
- 0.33%
- 6M
- 1.92%
- YTD
- 2.04%
- 1Y
- 3.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PULT
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP vs. PULT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 2.04% | 4.10% | 2.24% |
PULT Putnam ESG Ultra Short ETF | 1.23% | 5.08% | 2.56% |
Correlation
The correlation between CSHP and PULT is -0.04, 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | -0.08 |
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Return for Risk
CSHP vs. PULT — Risk / Return Rank
CSHP
PULT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CSHP vs. PULT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Short-Term Bond Active ETF (CSHP) and Putnam ESG Ultra Short ETF (PULT). 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 | PULT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 4.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 16.91 | — | — |
| Martin ratioReturn relative to average drawdown | 167.20 | — | — |
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Drawdowns
CSHP vs. PULT - Drawdown Comparison
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Drawdown Indicators
| CSHP | PULT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.23% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.01% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | — | — |
Volatility
CSHP vs. PULT - Volatility Comparison
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Volatility by Period
| CSHP | PULT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.55% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.51% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.51% | — | — |
CSHP vs. PULT - Expense Ratio Comparison
CSHP has a 0.20% expense ratio, which is lower than PULT'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. PULT - Dividend Comparison
CSHP's dividend yield for the trailing twelve months is around 4.01%, while PULT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 4.01% | 5.39% | 1.96% | 0.00% |
PULT Putnam ESG Ultra Short ETF | 3.89% | 4.59% | 5.38% | 4.88% |
Frequently Asked Questions
CSHP and PULT have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSHP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.25% for PULT.
CSHP has the higher dividend yield at 4.01%, compared with 3.89% for PULT.
They also come from different issuers: iShares and Putnam. Their fees differ too: 0.20% for CSHP and 0.25% for PULT.
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