ETHT vs. CSHP
ETHT (ProShares Ultra Ether ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - ETHT is a Cryptocurrency fund tracking the Bloomberg Ethereum Index (200%), while CSHP is a Ultrashort Bond fund actively managed by iShares. ETHT is passively managed, while CSHP is actively managed. Over the past year, ETHT returned -74.56% vs 3.96% for CSHP. At a 0.01 correlation, their price movements are largely independent. ETHT charges 0.94%/yr vs 0.20%/yr for CSHP.
Performance
ETHT vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, ETHT achieves a -75.59% return, which is significantly lower than CSHP's 1.86% return.
ETHT
- 1D
- 3.16%
- 1M
- -33.42%
- YTD
- -75.59%
- 6M
- -75.81%
- 1Y
- -74.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHT vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHT ProShares Ultra Ether ETF | -75.59% | -64.86% | -28.48% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between ETHT and CSHP is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.01 |
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Return for Risk
ETHT vs. CSHP — Risk / Return Rank
ETHT
CSHP
ETHT vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Ether ETF (ETHT) 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.
| ETHT | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.76 | ||
| Sortino ratioReturn per unit of downside risk | -28.74 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 6.67 | -5.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 65.84 | -66.64 |
| Martin ratioReturn relative to average drawdown | -1.14 | 395.75 | -396.89 |
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Drawdowns
ETHT vs. CSHP - Drawdown Comparison
The maximum ETHT drawdown since its inception was -96.02%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for ETHT and CSHP.
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Drawdown Indicators
| ETHT | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.02% | -0.08% | -95.94% |
Max Drawdown (1Y)Largest decline over 1 year | -93.92% | -0.06% | -93.86% |
Current DrawdownCurrent decline from peak | -95.32% | -0.01% | -95.31% |
Average DrawdownAverage peak-to-trough decline | -67.63% | -0.00% | -67.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.41% | 0.01% | +65.40% |
Volatility
ETHT vs. CSHP - Volatility Comparison
ProShares Ultra Ether ETF (ETHT) has a higher volatility of 39.52% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that ETHT'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
| ETHT | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.52% | 0.15% | +39.37% |
Volatility (6M)Calculated over the trailing 6-month period | 94.60% | 0.27% | +94.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.92% | 0.36% | +137.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.23% | 0.41% | +142.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.23% | 0.41% | +142.82% |
ETHT vs. CSHP - Expense Ratio Comparison
ETHT has a 0.94% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
ETHT vs. CSHP - Dividend Comparison
ETHT's dividend yield for the trailing twelve months is around 19.46%, more than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% |
ETHT ProShares Ultra Ether ETF | 19.46% | 4.57% | 0.02% |
Frequently Asked Questions
ETHT and CSHP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHT has higher volatility (39.52%) compared to CSHP (0.15%). In terms of maximum drawdown, ETHT dropped -96.02% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.96% vs -74.56% for ETHT. 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.
Over the 1-year period, CSHP has performed better with a 3.96% return vs -74.56%. 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 0.94% for ETHT.
ETHT has the higher dividend yield at 19.46%, compared with 3.91% for CSHP.
ETHT is categorized as Cryptocurrency, while CSHP is Ultrashort Bond. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.94% for ETHT and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.22 vs -0.54), 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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