HEAL vs. CSHP
HEAL (Global X HealthTech ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - HEAL is a Health & Biotech Equities fund tracking the Global X HealthTech Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. HEAL is passively managed, while CSHP is actively managed. Over the past year, HEAL returned -16.13% vs 3.94% for CSHP. At a 0.04 correlation, their price movements are largely independent. HEAL charges 0.50%/yr vs 0.20%/yr for CSHP.
Performance
HEAL vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, HEAL achieves a -10.37% return, which is significantly lower than CSHP's 1.83% return.
HEAL
- 1D
- 1.49%
- 1M
- 5.54%
- YTD
- -10.37%
- 6M
- -12.67%
- 1Y
- -16.13%
- 3Y*
- -8.12%
- 5Y*
- -14.64%
- 10Y*
- —
CSHP
- 1D
- -0.03%
- 1M
- 0.27%
- YTD
- 1.83%
- 6M
- 1.92%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEAL vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HEAL Global X HealthTech ETF | -10.37% | -0.62% | 6.50% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.83% | 4.10% | 2.24% |
Correlation
The correlation between HEAL and CSHP is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.04 |
The correlation between HEAL and CSHP shifts across timeframes, from -0.18 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HEAL vs. CSHP — Risk / Return Rank
HEAL
CSHP
HEAL vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X HealthTech ETF (HEAL) 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.
| HEAL | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.81 | ||
| Sortino ratioReturn per unit of downside risk | -28.54 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 6.46 | -5.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 65.45 | -65.98 |
| Martin ratioReturn relative to average drawdown | -1.01 | 381.67 | -382.68 |
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Drawdowns
HEAL vs. CSHP - Drawdown Comparison
The maximum HEAL drawdown since its inception was -65.76%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for HEAL and CSHP.
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Drawdown Indicators
| HEAL | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -0.08% | -65.68% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -0.06% | -30.65% |
Max Drawdown (3Y)Largest decline over 3 years | -35.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -60.36% | — | — |
Current DrawdownCurrent decline from peak | -61.31% | -0.04% | -61.27% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -0.00% | -43.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 0.01% | +15.97% |
Volatility
HEAL vs. CSHP - Volatility Comparison
Global X HealthTech ETF (HEAL) has a higher volatility of 7.26% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.16%. This indicates that HEAL'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
| HEAL | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 0.16% | +7.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 0.27% | +16.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.43% | 0.36% | +22.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.46% | 0.41% | +26.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.28% | 0.41% | +25.87% |
HEAL vs. CSHP - Expense Ratio Comparison
HEAL has a 0.50% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
HEAL vs. CSHP - Dividend Comparison
HEAL's dividend yield for the trailing twelve months is around 0.37%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% |
HEAL Global X HealthTech ETF | 0.37% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
Frequently Asked Questions
HEAL and CSHP have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEAL has higher volatility (7.26%) compared to CSHP (0.16%). In terms of maximum drawdown, HEAL dropped -65.76% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.94% vs -16.13% for HEAL. 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 -16.13%. 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 0.50% for HEAL.
CSHP has the higher dividend yield at 3.91%, compared with 0.37% for HEAL.
HEAL is categorized as Health & Biotech Equities, while CSHP is Ultrashort Bond. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for HEAL and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.09 vs -0.73), 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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