EMNT vs. CUSD

Last updated Jun 24, 2026

EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) and CUSD (CrossingBridge Ultra-Short Duration ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 3 years, EMNT returned 5.20%/yr vs 5.80%/yr for CUSD. At a 0.02 correlation, their price movements are largely independent. EMNT charges 0.24%/yr vs 0.81%/yr for CUSD.

Performance

EMNT vs. CUSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) and CrossingBridge Ultra-Short Duration ETF (CUSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMNT achieves a 1.80% return, which is significantly lower than CUSD's 4.97% return.

EMNT

• 1D: 0.07%
• 1M: 0.30%
• YTD: 1.80%
• 6M: 1.89%
• 1Y: 4.25%
• 3Y*: 5.20%
• 5Y*: 3.47%
• 10Y*: —

CUSD

• 1D: 3.80%
• 1M: 3.10%
• YTD: 4.97%
• 6M: 5.87%
• 1Y: 6.58%
• 3Y*: 5.80%
• 5Y*: —
• 10Y*: —

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

EMNT vs. CUSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EMNT PIMCO Enhanced Short Maturity Active ESG ETF	1.80%	4.74%	5.79%	5.84%	-0.57%	-0.22%
CUSD CrossingBridge Ultra-Short Duration ETF	4.97%	5.02%	4.57%	6.05%	2.03%	2.45%

Correlation

The correlation between EMNT and CUSD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.02

Return for Risk

EMNT vs. CUSD — Risk / Return Rank

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

EMNT

EMNT Risk / Return Rank: 99
EMNT Sharpe Ratio Rank: 99
EMNT Sortino Ratio Rank: 99
EMNT Omega Ratio Rank: 99
EMNT Calmar Ratio Rank: 99
EMNT Martin Ratio Rank: 99

CUSD

CUSD Risk / Return Rank: 20
CUSD Sharpe Ratio Rank: 16
CUSD Sortino Ratio Rank: 16
CUSD Omega Ratio Rank: 19
CUSD Calmar Ratio Rank: 26
CUSD Martin Ratio Rank: 25

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.

EMNT vs. CUSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) and CrossingBridge Ultra-Short Duration ETF (CUSD). 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.

	EMNT	CUSD	Difference
Sharpe ratio: Return per unit of total volatility	9.42	0.45	+8.97
Sortino ratio: Return per unit of downside risk	16.80	0.80	+16.00
Omega ratio: Gain probability vs. loss probability	4.69	1.13	+3.57
Calmar ratio: Return relative to maximum drawdown	32.47	1.22	+31.25
Martin ratio: Return relative to average drawdown	201.38	3.09	+198.29

EMNT vs. CUSD - Sharpe Ratio Comparison

The current EMNT Sharpe Ratio is 9.42, which is higher than the CUSD Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of EMNT and CUSD, 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

EMNT vs. CUSD - Drawdown Comparison

The maximum EMNT drawdown since its inception was -2.28%, smaller than the maximum CUSD drawdown of -5.42%. Use the drawdown chart below to compare losses from any high point for EMNT and CUSD.

Drawdown Indicators

	EMNT	CUSD	Difference
Max Drawdown Largest peak-to-trough decline	-2.28%	-5.42%	+3.14%
Max Drawdown (1Y) Largest decline over 1 year	-0.13%	-5.42%	+5.29%
Max Drawdown (3Y) Largest decline over 3 years	-0.73%	-5.42%	+4.69%
Max Drawdown (5Y) Largest decline over 5 years	-1.70%	—	—
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.23%	-0.48%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	2.14%	-2.12%

Volatility

EMNT vs. CUSD - Volatility Comparison

The current volatility for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) is 0.21%, while CrossingBridge Ultra-Short Duration ETF (CUSD) has a volatility of 6.15%. This indicates that EMNT experiences smaller price fluctuations and is considered to be less risky than CUSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMNT	CUSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.21%	6.15%	-5.94%
Volatility (6M) Calculated over the trailing 6-month period	0.39%	11.99%	-11.60%
Volatility (1Y) Calculated over the trailing 1-year period	0.45%	14.64%	-14.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.83%	7.39%	-6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.86%	7.39%	-6.53%

EMNT vs. CUSD - Expense Ratio Comparison

EMNT has a 0.24% expense ratio, which is lower than CUSD's 0.81% expense ratio.

Dividends

EMNT vs. CUSD - Dividend Comparison

EMNT's dividend yield for the trailing twelve months is around 4.00%, less than CUSD's 13.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CUSD CrossingBridge Ultra-Short Duration ETF	13.39%	14.05%	7.10%	3.62%	1.14%	0.00%	0.00%
EMNT PIMCO Enhanced Short Maturity Active ESG ETF	4.00%	4.46%	5.14%	4.62%	2.79%	0.66%	1.44%

Frequently Asked Questions

Can I hold both EMNT and CUSD in my portfolio?

EMNT and CUSD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMNT or CUSD?

CUSD has higher volatility (6.15%) compared to EMNT (0.21%). In terms of maximum drawdown, EMNT dropped -2.28% vs CUSD's -5.42%.

Which ETF is better, EMNT or CUSD?

On 3-year performance, CUSD leads with 5.80% vs 5.20% for EMNT. On fees, EMNT is cheaper at 0.24% per year. On volatility, EMNT has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMNT or CUSD?

Over the 3-year period, CUSD has performed better with a 5.80% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMNT or CUSD?

EMNT is cheaper with a 0.24% expense ratio, compared with 0.81% for CUSD.

Which ETF pays a higher dividend yield, EMNT or CUSD?

CUSD has the higher dividend yield at 13.39%, compared with 4.00% for EMNT.

What is the main difference between EMNT and CUSD?

They also come from different issuers: PIMCO and CrossingBridge. Their fees differ too: 0.24% for EMNT and 0.81% for CUSD.

Which has better risk-adjusted returns?

EMNT currently has the higher Sharpe Ratio (9.42 vs 0.45), 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.