ICSH vs. SHV
Compare and contrast key facts about iShares Ultra Short-Term Bond ETF (ICSH) and iShares Short Treasury Bond ETF (SHV).
ICSH and SHV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICSH or SHV.
Performance
ICSH vs. SHV - Performance Comparison
Returns By Period
In the year-to-date period, ICSH achieves a 4.94% return, which is significantly higher than SHV's 4.56% return. Over the past 10 years, ICSH has outperformed SHV with an annualized return of 2.40%, while SHV has yielded a comparatively lower 1.63% annualized return.
ICSH
4.94%
0.33%
2.87%
5.84%
2.68%
2.40%
SHV
4.56%
0.36%
2.59%
5.25%
2.27%
1.63%
Key characteristics
| ICSH | SHV | |
|---|---|---|
| Sharpe Ratio | 13.65 | 19.49 |
| Sortino Ratio | 37.42 | 131.42 |
| Omega Ratio | 8.41 | 52.42 |
| Calmar Ratio | 84.56 | 192.96 |
| Martin Ratio | 512.24 | 1,939.51 |
| Ulcer Index | 0.01% | 0.00% |
| Daily Std Dev | 0.43% | 0.27% |
| Max Drawdown | -3.94% | -0.46% |
| Current Drawdown | 0.00% | 0.00% |
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ICSH vs. SHV - Expense Ratio Comparison
ICSH has a 0.08% expense ratio, which is lower than SHV's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between ICSH and SHV is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
ICSH vs. SHV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short-Term Bond ETF (ICSH) and iShares Short Treasury Bond ETF (SHV). 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.
Dividends
ICSH vs. SHV - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 5.27%, more than SHV's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short-Term Bond ETF | 5.27% | 4.78% | 1.66% | 0.42% | 1.22% | 2.60% | 2.19% | 1.36% | 0.88% | 0.54% | 0.46% | 0.00% |
SHV iShares Short Treasury Bond ETF | 5.15% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
Drawdowns
ICSH vs. SHV - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for ICSH and SHV. For additional features, visit the drawdowns tool.
Volatility
ICSH vs. SHV - Volatility Comparison
iShares Ultra Short-Term Bond ETF (ICSH) has a higher volatility of 0.14% compared to iShares Short Treasury Bond ETF (SHV) at 0.07%. This indicates that ICSH's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.