GLCR vs. CSHP
GLCR (GlacierShares Nasdaq Iceland ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - GLCR is a Europe Equities fund tracking the MarketVector Iceland Global Total Return Net Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. GLCR is passively managed, while CSHP is actively managed. Over the past year, GLCR returned -6.76% vs 3.94% for CSHP. At a correlation of -0.06, they often move in opposite directions. GLCR charges 0.95%/yr vs 0.20%/yr for CSHP.
Performance
GLCR vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, GLCR achieves a -12.59% return, which is significantly lower than CSHP's 1.83% return.
GLCR
- 1D
- -0.79%
- 1M
- -11.61%
- YTD
- -12.59%
- 6M
- -11.75%
- 1Y
- -6.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLCR vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLCR GlacierShares Nasdaq Iceland ETF | -12.59% | 7.26% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 3.16% |
Correlation
The correlation between GLCR and CSHP is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | -0.06 |
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Return for Risk
GLCR vs. CSHP — Risk / Return Rank
GLCR
CSHP
GLCR vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GlacierShares Nasdaq Iceland ETF (GLCR) 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.
| GLCR | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.49 | ||
| Sortino ratioReturn per unit of downside risk | -28.03 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 6.46 | -5.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 65.45 | -65.81 |
| Martin ratioReturn relative to average drawdown | -0.94 | 381.67 | -382.62 |
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Drawdowns
GLCR vs. CSHP - Drawdown Comparison
The maximum GLCR drawdown since its inception was -18.74%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for GLCR and CSHP.
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Drawdown Indicators
| GLCR | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -0.08% | -18.66% |
Max Drawdown (1Y)Largest decline over 1 year | -18.74% | -0.06% | -18.68% |
Current DrawdownCurrent decline from peak | -18.74% | -0.04% | -18.70% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -0.00% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.18% | 0.01% | +7.17% |
Volatility
GLCR vs. CSHP - Volatility Comparison
GlacierShares Nasdaq Iceland ETF (GLCR) has a higher volatility of 8.06% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that GLCR'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
| GLCR | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 0.16% | +7.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.41% | 0.27% | +13.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 0.36% | +16.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 0.41% | +18.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 0.41% | +18.16% |
GLCR vs. CSHP - Expense Ratio Comparison
GLCR has a 0.95% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
GLCR vs. CSHP - Dividend Comparison
GLCR's dividend yield for the trailing twelve months is around 1.11%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% |
GLCR GlacierShares Nasdaq Iceland ETF | 1.11% | 0.97% | 0.00% |
Frequently Asked Questions
GLCR 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.
GLCR has higher volatility (8.06%) compared to CSHP (0.16%). In terms of maximum drawdown, GLCR dropped -18.74% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.94% vs -6.76% for GLCR. 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 -6.76%. 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 0.95% for GLCR.
CSHP has the higher dividend yield at 3.91%, compared with 1.11% for GLCR.
GLCR is categorized as Europe Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Teucrium and iShares. Their fees differ too: 0.95% for GLCR and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs -0.41), 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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