ICSH vs. COIN
ICSH (iShares Ultra Short Duration Bond Active ETF) is Ultrashort Bond fund actively managed by iShares, while COIN (Coinbase Global, Inc.) is a stock. Over the past 5 years, ICSH returned 3.67%/yr vs -6.29%/yr for COIN. At a 0.08 correlation, their price movements are largely independent.
Performance
ICSH vs. COIN - 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 COIN's -28.31% 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%
COIN
- 1D
- 6.37%
- 1M
- -19.41%
- YTD
- -28.31%
- 6M
- -40.88%
- 1Y
- -35.48%
- 3Y*
- 44.90%
- 5Y*
- -6.29%
- 10Y*
- —
ICSH vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 1.43% | 4.96% | 5.52% | 5.58% | 0.97% | 0.09% |
COIN Coinbase Global, Inc. | -28.31% | -8.92% | 42.77% | 391.44% | -85.98% | -23.12% |
Correlation
The correlation between ICSH and COIN 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 (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.08 |
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Return for Risk
ICSH vs. COIN — Risk / Return Rank
ICSH
COIN
ICSH vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short Duration Bond Active ETF (ICSH) and Coinbase Global, Inc. (COIN). 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 | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.51 | ||
| Sortino ratioReturn per unit of downside risk | +27.77 | ||
| Omega ratioGain probability vs. loss probability | 6.56 | 0.95 | +5.61 |
| Calmar ratioReturn relative to maximum drawdown | 43.67 | -0.54 | +44.20 |
| Martin ratioReturn relative to average drawdown | 288.81 | -0.88 | +289.69 |
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 | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.01 | -0.51 | +11.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.62 | -0.07 | +7.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.93 | -0.15 | +2.08 |
Drawdowns
ICSH vs. COIN - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for ICSH and COIN.
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Drawdown Indicators
| ICSH | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -90.90% | +86.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -66.39% | +66.29% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -66.39% | +66.29% |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | -90.90% | +90.17% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -61.38% | +61.36% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -49.86% | +49.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 40.25% | -40.24% |
Volatility
ICSH vs. COIN - Volatility Comparison
The current volatility for iShares Ultra Short Duration Bond Active ETF (ICSH) is 0.15%, while Coinbase Global, Inc. (COIN) has a volatility of 21.42%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICSH | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 21.42% | -21.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 51.58% | -51.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.39% | 70.60% | -70.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.48% | 85.93% | -85.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 85.40% | -84.34% |
Dividends
ICSH vs. COIN - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 4.34%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Frequently Asked Questions
ICSH and COIN 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.
COIN has higher volatility (21.42%) compared to ICSH (0.15%). In terms of maximum drawdown, ICSH dropped -3.94% vs COIN's -90.90%.
ICSH currently has the higher Sharpe Ratio (11.01 vs -0.51), 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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