FDFF vs. CSHP
FDFF (Fidelity Disruptive Finance ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - FDFF is a Financials Equities fund actively managed by Fidelity, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, FDFF returned -10.47% vs 3.94% for CSHP. At a 0.03 correlation, their price movements are largely independent. FDFF charges 0.50%/yr vs 0.20%/yr for CSHP.
Performance
FDFF vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, FDFF achieves a -7.76% return, which is significantly lower than CSHP's 1.83% return.
FDFF
- 1D
- -0.70%
- 1M
- -1.05%
- YTD
- -7.76%
- 6M
- -9.14%
- 1Y
- -10.47%
- 3Y*
- 10.23%
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDFF vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FDFF Fidelity Disruptive Finance ETF | -7.76% | -2.75% | 16.48% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between FDFF and CSHP is -0.12, 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 | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.03 |
The correlation between FDFF and CSHP shifts across timeframes, from -0.12 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDFF vs. CSHP — Risk / Return Rank
FDFF
CSHP
FDFF vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) 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.
| FDFF | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.66 | ||
| Sortino ratioReturn per unit of downside risk | -28.28 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 6.46 | -5.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 65.45 | -65.92 |
| Martin ratioReturn relative to average drawdown | -0.92 | 381.67 | -382.59 |
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Drawdowns
FDFF vs. CSHP - Drawdown Comparison
The maximum FDFF drawdown since its inception was -23.06%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for FDFF and CSHP.
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Drawdown Indicators
| FDFF | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.06% | -0.08% | -22.98% |
Max Drawdown (1Y)Largest decline over 1 year | -22.31% | -0.06% | -22.25% |
Max Drawdown (3Y)Largest decline over 3 years | -23.06% | — | — |
Current DrawdownCurrent decline from peak | -16.23% | -0.04% | -16.19% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -0.00% | -6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.41% | 0.01% | +11.40% |
Volatility
FDFF vs. CSHP - Volatility Comparison
Fidelity Disruptive Finance ETF (FDFF) has a higher volatility of 5.51% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that FDFF'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
| FDFF | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 0.16% | +5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 0.27% | +14.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.40% | 0.36% | +18.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 0.41% | +18.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.00% | 0.41% | +18.59% |
FDFF vs. CSHP - Expense Ratio Comparison
FDFF has a 0.50% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
FDFF vs. CSHP - Dividend Comparison
FDFF's dividend yield for the trailing twelve months is around 1.07%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% | 0.00% |
FDFF Fidelity Disruptive Finance ETF | 1.07% | 0.86% | 0.70% | 0.27% |
Frequently Asked Questions
FDFF and CSHP have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDFF has higher volatility (5.51%) compared to CSHP (0.16%). In terms of maximum drawdown, FDFF dropped -23.06% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.94% vs -10.47% for FDFF. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.16%. 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 3.94% return vs -10.47%. 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 0.50% for FDFF.
CSHP has the higher dividend yield at 3.91%, compared with 1.07% for FDFF.
FDFF is categorized as Financials Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.50% for FDFF and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs -0.57), 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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