EUSA vs. CSHP
EUSA (iShares MSCI USA Equal Weighted ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - EUSA is a Mid Cap Blend Equities fund tracking the MSCI USA Equal Weighted Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. EUSA is passively managed, while CSHP is actively managed. Over the past year, EUSA returned 18.63% vs 3.96% for CSHP. At a 0.05 correlation, their price movements are largely independent. EUSA charges 0.09%/yr vs 0.20%/yr for CSHP.
Performance
EUSA vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, EUSA achieves a 9.51% return, which is significantly higher than CSHP's 1.86% return.
EUSA
- 1D
- 0.12%
- 1M
- 1.63%
- YTD
- 9.51%
- 6M
- 8.11%
- 1Y
- 18.63%
- 3Y*
- 15.75%
- 5Y*
- 7.80%
- 10Y*
- 11.94%
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUSA vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUSA iShares MSCI USA Equal Weighted ETF | 9.51% | 10.24% | 4.85% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between EUSA and CSHP is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.05 |
The correlation between EUSA and CSHP shifts across timeframes, from -0.10 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUSA vs. CSHP — Risk / Return Rank
EUSA
CSHP
EUSA vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Equal Weighted ETF (EUSA) 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.
| EUSA | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.67 | ||
| Sortino ratioReturn per unit of downside risk | -26.08 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 6.67 | -5.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 65.84 | -63.45 |
| Martin ratioReturn relative to average drawdown | 9.42 | 395.75 | -386.33 |
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Drawdowns
EUSA vs. CSHP - Drawdown Comparison
The maximum EUSA drawdown since its inception was -39.16%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for EUSA and CSHP.
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Drawdown Indicators
| EUSA | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.16% | -0.08% | -39.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -0.06% | -7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -18.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | — | — |
Current DrawdownCurrent decline from peak | -1.12% | -0.01% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -0.00% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 0.01% | +1.97% |
Volatility
EUSA vs. CSHP - Volatility Comparison
iShares MSCI USA Equal Weighted ETF (EUSA) has a higher volatility of 3.74% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that EUSA'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
| EUSA | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 0.15% | +3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 0.27% | +8.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 0.36% | +11.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 0.41% | +16.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 0.41% | +17.95% |
EUSA vs. CSHP - Expense Ratio Comparison
EUSA has a 0.09% expense ratio, which is lower than CSHP's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUSA vs. CSHP - Dividend Comparison
EUSA's dividend yield for the trailing twelve months is around 1.48%, 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% |
EUSA iShares MSCI USA Equal Weighted ETF | 1.48% | 1.63% | 1.47% | 1.53% | 1.73% | 1.23% | 1.45% | 1.49% | 2.01% | 1.50% | 1.59% | 2.21% |
Frequently Asked Questions
EUSA and CSHP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUSA has higher volatility (3.74%) compared to CSHP (0.15%). In terms of maximum drawdown, EUSA dropped -39.16% vs CSHP's -0.08%.
On 1-year performance, EUSA leads with 18.63% vs 3.96% for CSHP. On fees, EUSA is cheaper at 0.09% 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, EUSA has performed better with a 18.63% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUSA is cheaper with a 0.09% expense ratio, compared with 0.20% for CSHP.
CSHP has the higher dividend yield at 3.91%, compared with 1.48% for EUSA.
EUSA is categorized as Mid Cap Blend Equities, while CSHP is Ultrashort Bond. Their fees differ too: 0.09% for EUSA and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.22 vs 1.55), 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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