GMEU vs. CSHP

Last updated Jun 4, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - GMEU is a Leveraged Equities fund actively managed by T-Rex, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, GMEU returned -69.26% vs 3.96% for CSHP. At a correlation of -0.11, they often move in opposite directions. GMEU charges 1.50%/yr vs 0.20%/yr for CSHP.

Performance

GMEU vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long GME Daily Target ETF (GMEU) and iShares Enhanced Short-Term Bond Active ETF (CSHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMEU achieves a -0.46% return, which is significantly lower than CSHP's 1.63% return.

GMEU

• 1D: 12.74%
• 1M: -16.79%
• YTD: -0.46%
• 6M: -28.05%
• 1Y: -69.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: 0.02%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GMEU vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-0.46%	-65.56%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	2.75%

Correlation

The correlation between GMEU and CSHP is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	-0.11

Return for Risk

GMEU vs. CSHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GMEU

GMEU Risk / Return Rank: 2
GMEU Sharpe Ratio Rank: 3
GMEU Sortino Ratio Rank: 3
GMEU Omega Ratio Rank: 2
GMEU Calmar Ratio Rank: 1
GMEU Martin Ratio Rank: 3

CSHP

CSHP Risk / Return Rank: 100
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 100
CSHP Omega Ratio Rank: 100
CSHP Calmar Ratio Rank: 100
CSHP Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GMEU vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) 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.

	GMEU	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	-0.82	11.91	-12.72
Sortino ratio: Return per unit of downside risk	-1.14	31.26	-32.40
Omega ratio: Gain probability vs. loss probability	0.85	7.44	-6.59
Calmar ratio: Return relative to maximum drawdown	-0.95	65.71	-66.66
Martin ratio: Return relative to average drawdown	-1.21	432.16	-433.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMEU vs. CSHP - Sharpe Ratio Comparison

The current GMEU Sharpe Ratio is -0.82, which is lower than the CSHP Sharpe Ratio of 11.91. The chart below compares the historical Sharpe Ratios of GMEU and CSHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GMEU	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.82	11.91	-12.72
Sharpe Ratio (All Time) Calculated using the full available price history	-0.70	10.75	-11.45

Drawdowns

GMEU vs. CSHP - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.43%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for GMEU and CSHP.

Drawdown Indicators

	GMEU	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-80.43%	-0.08%	-80.35%
Max Drawdown (1Y) Largest decline over 1 year	-72.75%	-0.06%	-72.69%
Current Drawdown Current decline from peak	-77.94%	0.00%	-77.94%
Average Drawdown Average peak-to-trough decline	-63.19%	-0.00%	-63.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.02%	0.01%	+57.01%

Volatility

GMEU vs. CSHP - Volatility Comparison

T-Rex 2X Long GME Daily Target ETF (GMEU) has a higher volatility of 24.76% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.07%. This indicates that GMEU'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.

Volatility by Period

	GMEU	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.76%	0.07%	+24.69%
Volatility (6M) Calculated over the trailing 6-month period	57.62%	0.24%	+57.38%
Volatility (1Y) Calculated over the trailing 1-year period	85.19%	0.33%	+84.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.95%	0.40%	+89.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.95%	0.40%	+89.55%

GMEU vs. CSHP - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

GMEU vs. CSHP - Dividend Comparison

GMEU has not paid dividends to shareholders, while CSHP's dividend yield for the trailing twelve months is around 3.92%.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	5.39%	1.96%
GMEU T-Rex 2X Long GME Daily Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GMEU and CSHP in my portfolio?

GMEU and CSHP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMEU or CSHP?

GMEU has higher volatility (24.76%) compared to CSHP (0.07%). In terms of maximum drawdown, GMEU dropped -80.43% vs CSHP's -0.08%.

Which ETF is better, GMEU or CSHP?

On 1-year performance, CSHP leads with 3.96% vs -69.26% for GMEU. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMEU or CSHP?

Over the 1-year period, CSHP has performed better with a 3.96% return vs -69.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMEU or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 1.50% for GMEU.

Which ETF pays a higher dividend yield, GMEU or CSHP?

CSHP has the higher dividend yield at 3.92%, compared with 0.00% for GMEU.

What is the main difference between GMEU and CSHP?

GMEU is categorized as Leveraged Equities, while CSHP is Ultrashort Bond. They also come from different issuers: T-Rex and iShares. Their fees differ too: 1.50% for GMEU and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.91 vs -0.82), 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.