DUKZ vs. CSHP

Last updated Jun 20, 2026

DUKZ (Ocean Park Diversified Income ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - DUKZ is a Nontraditional Bonds fund actively managed by Ocean Park, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, DUKZ returned 8.50% vs 4.00% for CSHP. At a correlation of -0.10, they often move in opposite directions. DUKZ charges 1.03%/yr vs 0.20%/yr for CSHP.

Performance

DUKZ vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ocean Park Diversified Income ETF (DUKZ) 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, DUKZ achieves a 3.19% return, which is significantly higher than CSHP's 1.87% return.

DUKZ

• 1D: 0.31%
• 1M: 1.99%
• YTD: 3.19%
• 6M: 3.38%
• 1Y: 8.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: 0.06%
• 1M: 0.33%
• YTD: 1.87%
• 6M: 1.95%
• 1Y: 4.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUKZ vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUKZ Ocean Park Diversified Income ETF	3.19%	4.24%	2.23%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.87%	4.10%	2.24%

Correlation

The correlation between DUKZ and CSHP is -0.21, 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	-0.21
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	-0.10

The correlation between DUKZ and CSHP shifts across timeframes, from -0.21 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DUKZ vs. CSHP — Risk / Return Rank

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

DUKZ

DUKZ Risk / Return Rank: 56
DUKZ Sharpe Ratio Rank: 57
DUKZ Sortino Ratio Rank: 57
DUKZ Omega Ratio Rank: 61
DUKZ Calmar Ratio Rank: 53
DUKZ Martin Ratio Rank: 54

CSHP

CSHP Risk / Return Rank: 99
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 99
CSHP Omega Ratio Rank: 99
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.

DUKZ vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ocean Park Diversified Income ETF (DUKZ) 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.

	DUKZ	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	1.86	11.36	-9.50
Sortino ratio: Return per unit of downside risk	2.61	28.68	-26.08
Omega ratio: Gain probability vs. loss probability	1.36	6.83	-5.47
Calmar ratio: Return relative to maximum drawdown	2.52	66.48	-63.96
Martin ratio: Return relative to average drawdown	9.11	400.50	-391.38

DUKZ vs. CSHP - Sharpe Ratio Comparison

The current DUKZ Sharpe Ratio is 1.86, which is lower than the CSHP Sharpe Ratio of 11.36. The chart below compares the historical Sharpe Ratios of DUKZ 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.

Drawdowns

DUKZ vs. CSHP - Drawdown Comparison

The maximum DUKZ drawdown since its inception was -4.70%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for DUKZ and CSHP.

Drawdown Indicators

	DUKZ	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-4.70%	-0.08%	-4.62%
Max Drawdown (1Y) Largest decline over 1 year	-3.39%	-0.06%	-3.33%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.13%	-0.00%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.01%	+0.92%

Volatility

DUKZ vs. CSHP - Volatility Comparison

Ocean Park Diversified Income ETF (DUKZ) has a higher volatility of 2.09% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that DUKZ'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

	DUKZ	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.09%	0.15%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	3.99%	0.27%	+3.72%
Volatility (1Y) Calculated over the trailing 1-year period	4.59%	0.35%	+4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.43%	0.41%	+4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.43%	0.41%	+4.02%

DUKZ vs. CSHP - Expense Ratio Comparison

DUKZ has a 1.03% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

DUKZ vs. CSHP - Dividend Comparison

DUKZ's dividend yield for the trailing twelve months is around 3.79%, less than CSHP's 3.91% yield.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.91%	5.39%	1.96%
DUKZ Ocean Park Diversified Income ETF	3.79%	4.05%	2.44%

Frequently Asked Questions

Can I hold both DUKZ and CSHP in my portfolio?

DUKZ and CSHP have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUKZ or CSHP?

DUKZ has higher volatility (2.09%) compared to CSHP (0.15%). In terms of maximum drawdown, DUKZ dropped -4.70% vs CSHP's -0.08%.

Which ETF is better, DUKZ or CSHP?

On 1-year performance, DUKZ leads with 8.50% vs 4.00% for CSHP. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUKZ or CSHP?

Over the 1-year period, DUKZ has performed better with a 8.50% return vs 4.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUKZ or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 1.03% for DUKZ.

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

CSHP has the higher dividend yield at 3.91%, compared with 3.79% for DUKZ.

What is the main difference between DUKZ and CSHP?

DUKZ is categorized as Nontraditional Bonds, while CSHP is Ultrashort Bond. They also come from different issuers: Ocean Park and iShares. Their fees differ too: 1.03% for DUKZ and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.36 vs 1.86), 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.