GSUS vs. CSHP
GSUS (Goldman Sachs MarketBeta U.S. Equity ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - GSUS is a Large Cap Growth Equities fund tracking the Solactive GBS United States Large & Mid Cap Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. GSUS is passively managed, while CSHP is actively managed. Over the past year, GSUS returned 21.41% vs 3.90% for CSHP. At a 0.04 correlation, their price movements are largely independent. GSUS charges 0.07%/yr vs 0.20%/yr for CSHP.
Performance
GSUS vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, GSUS achieves a 10.64% return, which is significantly higher than CSHP's 2.04% return.
GSUS
- 1D
- 0.34%
- 1M
- 1.74%
- 6M
- 8.87%
- YTD
- 10.64%
- 1Y
- 21.41%
- 3Y*
- 20.59%
- 5Y*
- 12.83%
- 10Y*
- —
CSHP
- 1D
- 0.16%
- 1M
- 0.33%
- 6M
- 1.92%
- YTD
- 2.04%
- 1Y
- 3.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSUS vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GSUS Goldman Sachs MarketBeta U.S. Equity ETF | 10.64% | 18.11% | 6.29% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 2.04% | 4.10% | 2.24% |
Correlation
The correlation between GSUS and CSHP is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.04 |
The correlation between GSUS and CSHP shifts across timeframes, from -0.07 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSUS vs. CSHP — Risk / Return Rank
GSUS
CSHP
GSUS vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta U.S. Equity ETF (GSUS) 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.
| GSUS | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.38 | ||
| Sortino ratioReturn per unit of downside risk | -9.21 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 4.20 | -2.89 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 16.91 | -14.58 |
| Martin ratioReturn relative to average drawdown | 9.95 | 167.20 | -157.25 |
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Drawdowns
GSUS vs. CSHP - Drawdown Comparison
The maximum GSUS drawdown since its inception was -25.62%, which is greater than CSHP's maximum drawdown of -0.23%. Use the drawdown chart below to compare losses from any high point for GSUS and CSHP.
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Drawdown Indicators
| GSUS | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.62% | -0.23% | -25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -0.23% | -9.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.07% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -0.01% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.02% | +2.14% |
Volatility
GSUS vs. CSHP - Volatility Comparison
Goldman Sachs MarketBeta U.S. Equity ETF (GSUS) has a higher volatility of 3.77% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.46%. This indicates that GSUS'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
| GSUS | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 0.46% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 0.51% | +9.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 0.55% | +12.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 0.51% | +16.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 0.51% | +16.53% |
GSUS vs. CSHP - Expense Ratio Comparison
GSUS has a 0.07% 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
GSUS vs. CSHP - Dividend Comparison
GSUS's dividend yield for the trailing twelve months is around 0.99%, less than CSHP's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 4.01% | 5.39% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% |
GSUS Goldman Sachs MarketBeta U.S. Equity ETF | 0.99% | 1.04% | 1.19% | 1.32% | 1.51% | 1.13% | 0.78% |
Frequently Asked Questions
GSUS and CSHP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSUS has higher volatility (3.77%) compared to CSHP (0.46%). In terms of maximum drawdown, GSUS dropped -25.62% vs CSHP's -0.23%.
On 1-year performance, GSUS leads with 21.41% vs 3.90% for CSHP. On fees, GSUS is cheaper at 0.07% per year. On volatility, CSHP has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GSUS has performed better with a 21.41% return vs 3.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSUS is cheaper with a 0.07% expense ratio, compared with 0.20% for CSHP.
CSHP has the higher dividend yield at 4.01%, compared with 0.99% for GSUS.
GSUS is categorized as Large Cap Growth Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.07% for GSUS and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (7.07 vs 1.69), 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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