CUSD vs. SHV
CUSD (CrossingBridge Ultra-Short Duration ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - CUSD is a Ultrashort Bond fund actively managed by CrossingBridge, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. CUSD is actively managed, while SHV is passively managed. Over the past 3 years, CUSD returned 4.69%/yr vs 4.64%/yr for SHV. At a correlation of -0.01, they often move in opposite directions. CUSD charges 0.81%/yr vs 0.15%/yr for SHV.
Performance
CUSD vs. SHV - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with CUSD at 1.42% and SHV at 1.42%.
CUSD
- 1D
- -0.13%
- 1M
- -0.39%
- YTD
- 1.42%
- 6M
- 0.90%
- 1Y
- 3.46%
- 3Y*
- 4.69%
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.90%
- 3Y*
- 4.64%
- 5Y*
- 3.31%
- 10Y*
- 2.23%
CUSD vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CUSD CrossingBridge Ultra-Short Duration ETF | 1.42% | 5.02% | 4.57% | 6.05% | 2.03% | 2.40% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.42% | 4.21% | 5.12% | 5.04% | 0.94% | -0.05% |
Correlation
The correlation between CUSD and SHV is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | -0.01 |
The correlation between CUSD and SHV shifts across timeframes, from -0.15 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CUSD vs. SHV — Risk / Return Rank
CUSD
SHV
CUSD vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CrossingBridge Ultra-Short Duration ETF (CUSD) and iShares 0-1 Year Treasury Bond ETF (SHV). 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.
| CUSD | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.24 | ||
| Sortino ratioReturn per unit of downside risk | -149.06 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 53.77 | -52.69 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 431.38 | -430.74 |
| Martin ratioReturn relative to average drawdown | 1.69 | 2,419.80 | -2,418.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CUSD | SHV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 19.49 | -19.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 11.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 4.50 | -3.84 |
Drawdowns
CUSD vs. SHV - Drawdown Comparison
The maximum CUSD drawdown since its inception was -5.42%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for CUSD and SHV.
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Drawdown Indicators
| CUSD | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.42% | -0.45% | -4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -0.01% | -5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.42% | -0.03% | -5.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -2.75% | 0.00% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -0.46% | -0.03% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.00% | +2.06% |
Volatility
CUSD vs. SHV - Volatility Comparison
CrossingBridge Ultra-Short Duration ETF (CUSD) has a higher volatility of 4.38% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.05%. This indicates that CUSD's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CUSD | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 0.05% | +4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 0.12% | +10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 0.20% | +13.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 0.29% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 0.28% | +6.75% |
CUSD vs. SHV - Expense Ratio Comparison
CUSD has a 0.81% expense ratio, which is higher than SHV's 0.15% expense ratio.
Dividends
CUSD vs. SHV - Dividend Comparison
CUSD's dividend yield for the trailing twelve months is around 13.85%, more than SHV's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CUSD CrossingBridge Ultra-Short Duration ETF | 13.85% | 14.05% | 7.10% | 3.62% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
CUSD and SHV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CUSD has higher volatility (4.38%) compared to SHV (0.05%). In terms of maximum drawdown, CUSD dropped -5.42% vs SHV's -0.45%.
On 3-year performance, CUSD leads with 4.69% vs 4.64% for SHV. On fees, SHV is cheaper at 0.15% per year. On volatility, SHV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CUSD has performed better with a 4.69% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHV is cheaper with a 0.15% expense ratio, compared with 0.81% for CUSD.
CUSD has the higher dividend yield at 13.85%, compared with 3.83% for SHV.
CUSD is categorized as Ultrashort Bond, while SHV is Government Bonds. They also come from different issuers: CrossingBridge and iShares. Their fees differ too: 0.81% for CUSD and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (19.49 vs 0.25), 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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