EQAL vs. CSHP
EQAL (Invesco Russell 1000 Equal Weight ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - EQAL is a Mid Cap Blend Equities fund tracking the Russell 1000 Equal Weight Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. EQAL is passively managed, while CSHP is actively managed. Over the past year, EQAL returned 23.40% vs 3.96% for CSHP. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
EQAL vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, EQAL achieves a 11.70% return, which is significantly higher than CSHP's 1.86% return.
EQAL
- 1D
- 0.05%
- 1M
- 0.15%
- YTD
- 11.70%
- 6M
- 10.46%
- 1Y
- 23.40%
- 3Y*
- 15.17%
- 5Y*
- 7.08%
- 10Y*
- 10.88%
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQAL vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQAL Invesco Russell 1000 Equal Weight ETF | 11.70% | 11.05% | 4.47% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between EQAL and CSHP is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.06 |
The correlation between EQAL and CSHP shifts across timeframes, from -0.09 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EQAL vs. CSHP — Risk / Return Rank
EQAL
CSHP
EQAL vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Equal Weight ETF (EQAL) 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.
| EQAL | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.33 | ||
| Sortino ratioReturn per unit of downside risk | -25.61 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 6.67 | -5.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 65.84 | -62.32 |
| Martin ratioReturn relative to average drawdown | 12.27 | 395.75 | -383.49 |
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Drawdowns
EQAL vs. CSHP - Drawdown Comparison
The maximum EQAL drawdown since its inception was -40.44%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for EQAL and CSHP.
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Drawdown Indicators
| EQAL | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.44% | -0.08% | -40.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -0.06% | -6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.44% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -0.01% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -0.00% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 0.01% | +1.90% |
Volatility
EQAL vs. CSHP - Volatility Comparison
Invesco Russell 1000 Equal Weight ETF (EQAL) has a higher volatility of 3.55% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that EQAL'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
| EQAL | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 0.15% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 0.27% | +8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 0.36% | +12.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 0.41% | +16.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 0.41% | +18.47% |
EQAL vs. CSHP - Expense Ratio Comparison
Both EQAL and CSHP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EQAL vs. CSHP - Dividend Comparison
EQAL's dividend yield for the trailing twelve months is around 2.08%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EQAL Invesco Russell 1000 Equal Weight ETF | 2.08% | 1.79% | 1.62% | 1.88% | 1.95% | 1.32% | 1.63% | 1.61% | 1.62% | 1.18% | 1.57% | 1.64% |
Frequently Asked Questions
EQAL and CSHP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQAL has higher volatility (3.55%) compared to CSHP (0.15%). In terms of maximum drawdown, EQAL dropped -40.44% vs CSHP's -0.08%.
On 1-year performance, EQAL leads with 23.40% vs 3.96% for CSHP. Both ETFs have the same 0.20% expense ratio. 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.
Over the 1-year period, EQAL has performed better with a 23.40% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EQAL and CSHP have the same expense ratio: 0.20% per year.
CSHP has the higher dividend yield at 3.91%, compared with 2.08% for EQAL.
EQAL is categorized as Mid Cap Blend Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Invesco and iShares.
CSHP currently has the higher Sharpe Ratio (11.22 vs 1.88), 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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