DFII vs. CSHP
DFII (FT Vest Bitcoin Strategy & Target Income ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - DFII is a Cryptocurrency fund actively managed by First Trust, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, DFII returned -42.25% vs 4.19% for CSHP. Their -0.04 correlation means they have often moved in opposite directions in the past. DFII charges 0.85%/yr vs 0.20%/yr for CSHP.
Performance
DFII vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, DFII achieves a -26.30% return, which is significantly lower than CSHP's 2.53% return.
DFII
- 1D
- 1.51%
- 1M
- 4.16%
- 6M
- -17.04%
- YTD
- -26.30%
- 1Y
- -42.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -16.90%
CSHP
- 1D
- 0.15%
- 1M
- 0.50%
- 6M
- 2.23%
- YTD
- 2.53%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.42M | $7.30M | $2.63M | |
| $89.28K | $83.20K | $138.38K |
DFII vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFII FT Vest Bitcoin Strategy & Target Income ETF | -26.30% | 6.01% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 2.53% | 3.04% |
Correlation
The correlation between DFII and CSHP is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | -0.04 |
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Return for Risk
DFII vs. CSHP — Risk / Return Rank
DFII
CSHP
DFII vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy & Target Income ETF (DFII) 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.
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.
| DFII | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.68 | ||
| Sortino ratioReturn per unit of downside risk | -8.10 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 2.79 | -1.95 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 10.90 | -11.73 |
| Martin ratioReturn relative to average drawdown | -1.27 | 68.37 | -69.64 |
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Drawdowns
DFII vs. CSHP - Drawdown Comparison
The maximum DFII drawdown since its inception was -51.04%, which is greater than CSHP's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for DFII and CSHP.
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Drawdown Indicators
| DFII | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.04% | -0.39% | -50.65% |
Max Drawdown (1Y)Largest decline over 1 year | -51.04% | -0.39% | -50.65% |
Current DrawdownCurrent decline from peak | -47.04% | -0.12% | -46.92% |
Average DrawdownAverage peak-to-trough decline | -22.48% | -0.01% | -22.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.20% | 0.06% | +33.14% |
Volatility
DFII vs. CSHP - Volatility Comparison
FT Vest Bitcoin Strategy & Target Income ETF (DFII) has a higher volatility of 8.02% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 1.11%. This indicates that DFII'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.
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Volatility by Period
| DFII | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 1.11% | +6.91% |
Volatility (6M)Calculated over the trailing 6-month period | 32.51% | 1.12% | +31.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.22% | 1.15% | +41.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.31% | 0.86% | +39.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.31% | 0.86% | +39.45% |
DFII vs. CSHP - Expense Ratio Comparison
DFII has a 0.85% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
DFII vs. CSHP - Dividend Comparison
DFII's dividend yield for the trailing twelve months is around 25.88%, more than CSHP's 4.10% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 4.10% | 5.39% | 1.96% |
DFII FT Vest Bitcoin Strategy & Target Income ETF | 25.88% | 15.51% | 0.00% |
Frequently Asked Questions
DFII and CSHP have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFII has higher volatility (8.02%) compared to CSHP (1.11%). In terms of maximum drawdown, DFII dropped -51.04% vs CSHP's -0.39%.
On 1-year performance, CSHP leads with 4.19% vs -42.25% for DFII. 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, CSHP has performed better with a 4.19% return vs -42.25%. 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 0.85% for DFII.
DFII has the higher dividend yield at 25.88%, compared with 4.10% for CSHP.
DFII is categorized as Cryptocurrency, while CSHP is Ultrashort Bond. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.85% for DFII and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (3.67 vs -1.01), 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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