DAT vs. CSHP

Last updated Jun 4, 2026

DAT (ProShares Big Data Refiners ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - DAT is a Technology Equities fund tracking the FactSet Big Data Refiners Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. DAT is passively managed, while CSHP is actively managed. Over the past year, DAT returned -3.73% vs 3.96% for CSHP. At a 0.03 correlation, their price movements are largely independent. DAT charges 0.58%/yr vs 0.20%/yr for CSHP.

Performance

DAT vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Big Data Refiners ETF (DAT) and iShares Enhanced Short-Term Bond Active ETF (CSHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAT achieves a -3.11% return, which is significantly lower than CSHP's 1.63% return.

DAT

• 1D: -4.79%
• 1M: 16.04%
• YTD: -3.11%
• 6M: -3.15%
• 1Y: -3.73%
• 3Y*: 16.04%
• 5Y*: —
• 10Y*: —

CSHP

• 1D: 0.02%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DAT vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DAT ProShares Big Data Refiners ETF	-3.11%	3.49%	26.23%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	4.10%	2.24%

Correlation

The correlation between DAT and CSHP is -0.13, 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	-0.13
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024	0.03

The correlation between DAT and CSHP shifts across timeframes, from -0.13 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

DAT vs. CSHP - Sectors Allocation Comparison

Sectors	DAT	CSHP
Technology	97.1%	-
Communication Services	2.2%	-
Utilities	1.2%	-
Healthcare	0.8%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Industrials	-	-
Real Estate	-	-

Return for Risk

DAT vs. CSHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DAT

DAT Risk / Return Rank: 8
DAT Sharpe Ratio Rank: 7
DAT Sortino Ratio Rank: 8
DAT Omega Ratio Rank: 8
DAT Calmar Ratio Rank: 8
DAT Martin Ratio Rank: 8

CSHP

CSHP Risk / Return Rank: 100
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 100
CSHP Omega Ratio Rank: 100
CSHP Calmar Ratio Rank: 100
CSHP Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DAT vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) and iShares Enhanced Short-Term Bond Active ETF (CSHP). 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.

	DAT	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	11.91	-12.03
Sortino ratio: Return per unit of downside risk	0.03	31.26	-31.23
Omega ratio: Gain probability vs. loss probability	1.00	7.44	-6.43
Calmar ratio: Return relative to maximum drawdown	-0.11	65.71	-65.82
Martin ratio: Return relative to average drawdown	-0.25	432.16	-432.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAT vs. CSHP - Sharpe Ratio Comparison

The current DAT Sharpe Ratio is -0.13, which is lower than the CSHP Sharpe Ratio of 11.91. The chart below compares the historical Sharpe Ratios of DAT and CSHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DAT	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	11.91	-12.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	10.75	-10.70

Drawdowns

DAT vs. CSHP - Drawdown Comparison

The maximum DAT drawdown since its inception was -56.22%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for DAT and CSHP.

Drawdown Indicators

	DAT	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-0.08%	-56.14%
Max Drawdown (1Y) Largest decline over 1 year	-34.70%	-0.06%	-34.64%
Max Drawdown (3Y) Largest decline over 3 years	-34.73%	—	—
Current Drawdown Current decline from peak	-10.08%	0.00%	-10.08%
Average Drawdown Average peak-to-trough decline	-26.23%	-0.00%	-26.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.10%	0.01%	+15.09%

Volatility

DAT vs. CSHP - Volatility Comparison

ProShares Big Data Refiners ETF (DAT) has a higher volatility of 13.55% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.07%. This indicates that DAT's price experiences larger fluctuations and is considered to be riskier than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAT	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	0.07%	+13.48%
Volatility (6M) Calculated over the trailing 6-month period	25.18%	0.24%	+24.94%
Volatility (1Y) Calculated over the trailing 1-year period	29.78%	0.33%	+29.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.02%	0.40%	+33.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.02%	0.40%	+33.62%

DAT vs. CSHP - Expense Ratio Comparison

DAT has a 0.58% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

DAT vs. CSHP - Dividend Comparison

DAT has not paid dividends to shareholders, while CSHP's dividend yield for the trailing twelve months is around 3.92%.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	5.39%	1.96%
DAT ProShares Big Data Refiners ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DAT and CSHP in my portfolio?

DAT and CSHP have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAT or CSHP?

DAT has higher volatility (13.55%) compared to CSHP (0.07%). In terms of maximum drawdown, DAT dropped -56.22% vs CSHP's -0.08%.

Which ETF is better, DAT or CSHP?

On 1-year performance, CSHP leads with 3.96% vs -3.73% for DAT. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DAT or CSHP?

Over the 1-year period, CSHP has performed better with a 3.96% return vs -3.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DAT or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.58% for DAT.

Which ETF pays a higher dividend yield, DAT or CSHP?

CSHP has the higher dividend yield at 3.92%, compared with 0.00% for DAT.

What is the main difference between DAT and CSHP?

DAT is categorized as Technology Equities, while CSHP is Ultrashort Bond. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.58% for DAT and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.91 vs -0.13), 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.