ICSH vs. MSFT
ICSH (iShares Ultra Short Duration Bond Active ETF) is Ultrashort Bond fund actively managed by iShares, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, ICSH returned 2.77%/yr vs 24.64%/yr for MSFT. At a 0.05 correlation, their price movements are largely independent.
Performance
ICSH vs. MSFT - 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 MSFT's -14.48% return. Over the past 10 years, ICSH has underperformed MSFT with an annualized return of 2.77%, while MSFT has yielded a comparatively higher 24.64% 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%
MSFT
- 1D
- -1.18%
- 1M
- -0.60%
- YTD
- -14.48%
- 6M
- -15.77%
- 1Y
- -11.77%
- 3Y*
- 8.85%
- 5Y*
- 11.09%
- 10Y*
- 24.64%
ICSH vs. MSFT - 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% |
MSFT Microsoft Corporation | -14.48% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between ICSH and MSFT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2013 | 0.05 |
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Return for Risk
ICSH vs. MSFT — Risk / Return Rank
ICSH
MSFT
ICSH vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short Duration Bond Active ETF (ICSH) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.47 | ||
| Sortino ratioReturn per unit of downside risk | +27.85 | ||
| Omega ratioGain probability vs. loss probability | 6.56 | 0.94 | +5.63 |
| Calmar ratioReturn relative to maximum drawdown | 43.67 | -0.35 | +44.01 |
| Martin ratioReturn relative to average drawdown | 288.81 | -0.73 | +289.54 |
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 | MSFT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.01 | -0.47 | +11.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.62 | 0.42 | +7.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.63 | 0.91 | +1.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.93 | 0.74 | +1.19 |
Drawdowns
ICSH vs. MSFT - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for ICSH and MSFT.
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Drawdown Indicators
| ICSH | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -69.38% | +65.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -33.91% | +33.81% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -33.91% | +33.81% |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | -37.15% | +36.42% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -37.15% | +33.21% |
Current DrawdownCurrent decline from peak | -0.02% | -23.56% | +23.54% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -21.78% | +21.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 16.13% | -16.12% |
Volatility
ICSH vs. MSFT - Volatility Comparison
The current volatility for iShares Ultra Short Duration Bond Active ETF (ICSH) is 0.15%, while Microsoft Corporation (MSFT) has a volatility of 10.25%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICSH | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 10.25% | -10.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 22.36% | -22.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.39% | 25.31% | -24.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.48% | 26.64% | -26.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 27.06% | -26.00% |
Dividends
ICSH vs. MSFT - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 4.34%, more than MSFT's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MSFT Microsoft Corporation | 0.86% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
ICSH and MSFT 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.
MSFT has higher volatility (10.25%) compared to ICSH (0.15%). In terms of maximum drawdown, ICSH dropped -3.94% vs MSFT's -69.38%.
ICSH currently has the higher Sharpe Ratio (11.01 vs -0.47), 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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