ICSH vs. DSL
ICSH (iShares Ultra Short Duration Bond Active ETF) and DSL (DoubleLine Income Solutions Fund) are both funds - ICSH is a Ultrashort Bond fund actively managed by iShares, while DSL is a High Yield Bonds fund managed by DoubleLine. Over the past 10 years, ICSH returned 2.77%/yr vs 5.21%/yr for DSL. At a 0.10 correlation, their price movements are largely independent. ICSH charges 0.08%/yr vs 2.28%/yr for DSL.
Performance
ICSH vs. DSL - 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 DSL's 1.29% return. Over the past 10 years, ICSH has underperformed DSL with an annualized return of 2.77%, while DSL has yielded a comparatively higher 5.21% 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%
DSL
- 1D
- -0.09%
- 1M
- -1.36%
- YTD
- 1.29%
- 6M
- 2.38%
- 1Y
- -0.92%
- 3Y*
- 8.54%
- 5Y*
- 0.87%
- 10Y*
- 5.21%
ICSH vs. DSL - 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% |
DSL DoubleLine Income Solutions Fund | 1.29% | -0.01% | 15.00% | 23.41% | -22.61% | 7.39% | -6.49% | 25.10% | -6.04% | 16.39% |
Correlation
The correlation between ICSH and DSL is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013 | 0.10 |
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Return for Risk
ICSH vs. DSL — Risk / Return Rank
ICSH
DSL
ICSH vs. DSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short Duration Bond Active ETF (ICSH) and DoubleLine Income Solutions Fund (DSL). 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 | DSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.11 | ||
| Sortino ratioReturn per unit of downside risk | +27.44 | ||
| Omega ratioGain probability vs. loss probability | 6.56 | 0.99 | +5.57 |
| Calmar ratioReturn relative to maximum drawdown | 43.67 | -0.08 | +43.75 |
| Martin ratioReturn relative to average drawdown | 288.81 | -0.17 | +288.97 |
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 | DSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.01 | -0.10 | +11.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.62 | 0.06 | +7.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.63 | 0.26 | +2.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.93 | 0.21 | +1.73 |
Drawdowns
ICSH vs. DSL - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum DSL drawdown of -49.51%. Use the drawdown chart below to compare losses from any high point for ICSH and DSL.
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Drawdown Indicators
| ICSH | DSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -49.51% | +45.57% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -11.16% | +11.06% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -14.43% | +14.33% |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | -34.18% | +33.45% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -49.51% | +45.57% |
Current DrawdownCurrent decline from peak | -0.02% | -6.46% | +6.44% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -8.74% | +8.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 5.59% | -5.58% |
Volatility
ICSH vs. DSL - Volatility Comparison
The current volatility for iShares Ultra Short Duration Bond Active ETF (ICSH) is 0.15%, while DoubleLine Income Solutions Fund (DSL) has a volatility of 3.53%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than DSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICSH | DSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 3.53% | -3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 7.56% | -7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.39% | 9.28% | -8.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.48% | 14.84% | -14.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 20.10% | -19.04% |
ICSH vs. DSL - Expense Ratio Comparison
ICSH has a 0.08% expense ratio, which is lower than DSL's 2.28% expense ratio.
Dividends
ICSH vs. DSL - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 4.34%, less than DSL's 12.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 12.14% | 11.71% | 11.38% | 10.78% | 13.67% | 10.74% | 10.69% | 9.33% | 10.39% | 9.11% | 9.53% | 11.63% |
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 DSL have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSL has higher volatility (3.53%) compared to ICSH (0.15%). In terms of maximum drawdown, ICSH dropped -3.94% vs DSL's -49.51%.
ICSH currently has the higher Sharpe Ratio (11.01 vs -0.10), 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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