GOEX vs. CSHP
GOEX (Global X Gold Explorers ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - GOEX is a Gold fund tracking the Solactive Global Gold Explorers & Developers Total Return, while CSHP is a Ultrashort Bond fund actively managed by iShares. GOEX is passively managed, while CSHP is actively managed. Over the past year, GOEX returned 67.83% vs 3.96% for CSHP. At a correlation of -0.01, they often move in opposite directions. GOEX charges 0.65%/yr vs 0.20%/yr for CSHP.
Performance
GOEX vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, GOEX achieves a -6.42% return, which is significantly lower than CSHP's 1.86% return.
GOEX
- 1D
- -0.12%
- 1M
- -2.47%
- YTD
- -6.42%
- 6M
- -11.26%
- 1Y
- 67.83%
- 3Y*
- 49.11%
- 5Y*
- 20.81%
- 10Y*
- 12.52%
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOEX vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GOEX Global X Gold Explorers ETF | -6.42% | 179.50% | -3.19% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between GOEX 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 Jul 18, 2024 | -0.01 |
The correlation between GOEX and CSHP shifts across timeframes, from -0.14 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GOEX vs. CSHP — Risk / Return Rank
GOEX
CSHP
GOEX vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) 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.
| GOEX | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.89 | ||
| Sortino ratioReturn per unit of downside risk | -26.54 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 6.67 | -5.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 65.84 | -64.12 |
| Martin ratioReturn relative to average drawdown | 4.61 | 395.75 | -391.14 |
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Drawdowns
GOEX vs. CSHP - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for GOEX and CSHP.
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Drawdown Indicators
| GOEX | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.83% | -0.08% | -88.75% |
Max Drawdown (1Y)Largest decline over 1 year | -39.64% | -0.06% | -39.58% |
Max Drawdown (3Y)Largest decline over 3 years | -39.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.66% | — | — |
Current DrawdownCurrent decline from peak | -30.93% | -0.01% | -30.92% |
Average DrawdownAverage peak-to-trough decline | -63.48% | -0.00% | -63.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.77% | 0.01% | +14.76% |
Volatility
GOEX vs. CSHP - Volatility Comparison
Global X Gold Explorers ETF (GOEX) has a higher volatility of 17.87% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that GOEX'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
| GOEX | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.87% | 0.15% | +17.72% |
Volatility (6M)Calculated over the trailing 6-month period | 42.43% | 0.27% | +42.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.38% | 0.36% | +51.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.52% | 0.41% | +39.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.19% | 0.41% | +39.78% |
GOEX vs. CSHP - Expense Ratio Comparison
GOEX has a 0.65% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
GOEX vs. CSHP - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 2.22%, 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% |
GOEX Global X Gold Explorers ETF | 2.22% | 2.08% | 2.46% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% |
Frequently Asked Questions
GOEX 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.
GOEX has higher volatility (17.87%) compared to CSHP (0.15%). In terms of maximum drawdown, GOEX dropped -88.83% vs CSHP's -0.08%.
On 1-year performance, GOEX leads with 67.83% vs 3.96% for CSHP. 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, GOEX has performed better with a 67.83% return vs 3.96%. 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 0.65% for GOEX.
CSHP has the higher dividend yield at 3.91%, compared with 2.22% for GOEX.
GOEX is categorized as Gold, while CSHP is Ultrashort Bond. They also come from different issuers: Global X and iShares. Their fees differ too: 0.65% for GOEX and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.22 vs 1.33), 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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