HACK vs. CSHP

Last updated Jun 4, 2026

HACK (ETFMG Prime Cyber Security ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - HACK is a Technology Equities fund tracking the Prime Cyber Defense Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. HACK is passively managed, while CSHP is actively managed. Over the past year, HACK returned 21.52% vs 3.96% for CSHP. At a 0.03 correlation, their price movements are largely independent. HACK charges 0.60%/yr vs 0.20%/yr for CSHP.

Performance

HACK vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETFMG Prime Cyber Security ETF (HACK) 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, HACK achieves a 27.17% return, which is significantly higher than CSHP's 1.63% return.

HACK

• 1D: -3.00%
• 1M: 24.54%
• YTD: 27.17%
• 6M: 21.31%
• 1Y: 21.52%
• 3Y*: 27.72%
• 5Y*: 11.82%
• 10Y*: 15.84%

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)

HACK vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HACK ETFMG Prime Cyber Security ETF	27.17%	7.97%	16.08%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	4.10%	2.24%

Correlation

The correlation between HACK and CSHP is -0.13, 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	-0.13
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024	0.03

The correlation between HACK and CSHP shifts across timeframes, from -0.13 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

HACK vs. CSHP - Sectors Allocation Comparison

Sectors	HACK	CSHP
Technology	93.0%	-
Industrials	6.9%	-
Financial Services	0.1%	0.1%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HACK vs. CSHP — Risk / Return Rank

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

HACK

HACK Risk / Return Rank: 23
HACK Sharpe Ratio Rank: 24
HACK Sortino Ratio Rank: 23
HACK Omega Ratio Rank: 24
HACK Calmar Ratio Rank: 23
HACK Martin Ratio Rank: 21

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.

HACK vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Cyber Security ETF (HACK) 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.

	HACK	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	0.85	11.91	-11.06
Sortino ratio: Return per unit of downside risk	1.27	31.26	-29.98
Omega ratio: Gain probability vs. loss probability	1.16	7.44	-6.27
Calmar ratio: Return relative to maximum drawdown	1.05	65.71	-64.66
Martin ratio: Return relative to average drawdown	2.52	432.16	-429.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HACK vs. CSHP - Sharpe Ratio Comparison

The current HACK Sharpe Ratio is 0.85, which is lower than the CSHP Sharpe Ratio of 11.91. The chart below compares the historical Sharpe Ratios of HACK 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

	HACK	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	11.91	-11.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	10.75	-10.18

Drawdowns

HACK vs. CSHP - Drawdown Comparison

The maximum HACK drawdown since its inception was -42.68%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for HACK and CSHP.

Drawdown Indicators

	HACK	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-42.68%	-0.08%	-42.60%
Max Drawdown (1Y) Largest decline over 1 year	-20.67%	-0.06%	-20.61%
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.68%	—	—
Current Drawdown Current decline from peak	-3.00%	0.00%	-3.00%
Average Drawdown Average peak-to-trough decline	-11.63%	-0.00%	-11.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.58%	0.01%	+8.57%

Volatility

HACK vs. CSHP - Volatility Comparison

ETFMG Prime Cyber Security ETF (HACK) has a higher volatility of 10.68% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.07%. This indicates that HACK'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

	HACK	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.68%	0.07%	+10.61%
Volatility (6M) Calculated over the trailing 6-month period	21.52%	0.24%	+21.28%
Volatility (1Y) Calculated over the trailing 1-year period	25.47%	0.33%	+25.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.18%	0.40%	+23.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	0.40%	+22.87%

HACK vs. CSHP - Expense Ratio Comparison

HACK has a 0.60% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

HACK vs. CSHP - Dividend Comparison

HACK's dividend yield for the trailing twelve months is around 0.06%, less than CSHP's 3.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	5.39%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HACK ETFMG Prime Cyber Security ETF	0.06%	0.07%	0.14%	0.20%	0.24%	0.26%	1.11%	0.14%	0.09%	0.01%	1.23%

Frequently Asked Questions

Can I hold both HACK and CSHP in my portfolio?

HACK and CSHP have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HACK or CSHP?

HACK has higher volatility (10.68%) compared to CSHP (0.07%). In terms of maximum drawdown, HACK dropped -42.68% vs CSHP's -0.08%.

Which ETF is better, HACK or CSHP?

On 1-year performance, HACK leads with 21.52% 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 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HACK or CSHP?

Over the 1-year period, HACK has performed better with a 21.52% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HACK or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.60% for HACK.

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

CSHP has the higher dividend yield at 3.92%, compared with 0.06% for HACK.

What is the main difference between HACK and CSHP?

HACK is categorized as Technology Equities, while CSHP is Ultrashort Bond. They also come from different issuers: ETFMG and iShares. Their fees differ too: 0.60% for HACK and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.91 vs 0.85), 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.