ICSH vs. BTC-USD
ICSH (iShares Ultra Short Duration Bond Active ETF) is Ultrashort Bond fund actively managed by iShares, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, ICSH returned 2.77%/yr vs 59.68%/yr for BTC-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
ICSH vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ICSH achieves a 1.43% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, ICSH has underperformed BTC-USD with an annualized return of 2.77%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
ICSH
- 1D
- 0.02%
- 1M
- 0.18%
- YTD
- 1.43%
- 6M
- 1.75%
- 1Y
- 4.30%
- 3Y*
- 5.15%
- 5Y*
- 3.67%
- 10Y*
- 2.77%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
ICSH vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 1.43% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between ICSH and BTC-USD is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2013 | 0.01 |
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Return for Risk
ICSH vs. BTC-USD — Risk / Return Rank
ICSH
BTC-USD
ICSH vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short Duration Bond Active ETF (ICSH) and Bitcoin (BTC-USD). 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.
| ICSH | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.96 | ||
| Sortino ratioReturn per unit of downside risk | +28.72 | ||
| Omega ratioGain probability vs. loss probability | 6.56 | 0.86 | +5.70 |
| Calmar ratioReturn relative to maximum drawdown | 43.67 | -0.80 | +44.46 |
| Martin ratioReturn relative to average drawdown | 288.81 | -1.42 | +290.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICSH | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.01 | -0.95 | +11.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.62 | 0.20 | +7.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.63 | 0.87 | +1.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.93 | 1.13 | +0.80 |
Drawdowns
ICSH vs. BTC-USD - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for ICSH and BTC-USD.
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Drawdown Indicators
| ICSH | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -85.30% | +81.36% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -51.21% | +51.11% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -51.21% | +51.11% |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | -76.67% | +75.94% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -83.80% | +79.86% |
Current DrawdownCurrent decline from peak | -0.02% | -49.86% | +49.84% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -42.32% | +42.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 34.46% | -34.45% |
Volatility
ICSH vs. BTC-USD - Volatility Comparison
The current volatility for iShares Ultra Short Duration Bond Active ETF (ICSH) is 0.15%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICSH | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 11.59% | -11.44% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 34.53% | -34.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.39% | 35.67% | -35.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.48% | 44.95% | -44.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 56.71% | -55.65% |
Frequently Asked Questions
ICSH and BTC-USD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to ICSH (0.15%). In terms of maximum drawdown, ICSH dropped -3.94% vs BTC-USD's -85.30%.
ICSH currently has the higher Sharpe Ratio (11.01 vs -0.95), 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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