CSHP vs. USFR
CSHP (iShares Enhanced Short-Term Bond Active ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - CSHP is a Ultrashort Bond fund actively managed by iShares, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. CSHP is actively managed, while USFR is passively managed. Over the past year, CSHP returned 3.96% vs 4.03% for USFR. At a 0.25 correlation, their price movements are largely independent. CSHP charges 0.20%/yr vs 0.15%/yr for USFR.
Performance
CSHP vs. USFR - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with CSHP having a 1.63% return and USFR slightly lower at 1.60%.
CSHP
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 1.63%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.60%
- 6M
- 1.98%
- 1Y
- 4.03%
- 3Y*
- 4.76%
- 5Y*
- 3.66%
- 10Y*
- 2.47%
CSHP vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.63% | 4.10% | 2.24% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 2.29% |
Correlation
The correlation between CSHP and USFR is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024 | 0.25 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CSHP vs. USFR — Risk / Return Rank
CSHP
USFR
CSHP vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Short-Term Bond Active ETF (CSHP) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -19.38 | ||
| Omega ratioGain probability vs. loss probability | 7.44 | 13.43 | -5.99 |
| Calmar ratioReturn relative to maximum drawdown | 65.71 | 203.42 | -137.71 |
| Martin ratioReturn relative to average drawdown | 432.16 | 787.84 | -355.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CSHP | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.91 | 15.11 | -3.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 9.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.75 | 1.60 | +9.15 |
Drawdowns
CSHP vs. USFR - Drawdown Comparison
The maximum CSHP drawdown since its inception was -0.08%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for CSHP and USFR.
Loading charts...
Drawdown Indicators
| CSHP | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.08% | -1.36% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.06% | -0.02% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -0.16% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.01% | 0.00% |
Volatility
CSHP vs. USFR - Volatility Comparison
iShares Enhanced Short-Term Bond Active ETF (CSHP) has a higher volatility of 0.07% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that CSHP's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CSHP | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 0.06% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.24% | 0.18% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.33% | 0.27% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.40% | 0.40% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.40% | 0.81% | -0.41% |
CSHP vs. USFR - Expense Ratio Comparison
CSHP has a 0.20% expense ratio, which is higher than USFR's 0.15% 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. USFR - Dividend Comparison
CSHP's dividend yield for the trailing twelve months is around 3.92%, which matches USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
CSHP and USFR have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSHP has higher volatility (0.07%) compared to USFR (0.06%). In terms of maximum drawdown, CSHP dropped -0.08% vs USFR's -1.36%.
On 1-year performance, USFR leads with 4.03% vs 3.96% for CSHP. On fees, USFR is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USFR has performed better with a 4.03% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.20% for CSHP.
CSHP and USFR have nearly identical dividend yields, around 3.92%.
CSHP is categorized as Ultrashort Bond, while USFR is Government Bonds. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.20% for CSHP and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 11.91), 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.
Find the right allocation for CSHP and USFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer