ICSH vs. SPTU
ICSH (iShares Ultra Short Duration Bond Active ETF) and SPTU (State Street SPDR Portfolio Ultra Short T-Bill ETF) are both Ultrashort Bond funds. ICSH is actively managed, while SPTU is passively managed. At a 0.17 correlation, their price movements are largely independent. ICSH charges 0.08%/yr vs 0.05%/yr for SPTU.
Performance
ICSH vs. SPTU - Performance Comparison
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Returns By Period
In the year-to-date period, ICSH achieves a 1.55% return, which is significantly lower than SPTU's 1.66% return.
ICSH
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 1.55%
- 6M
- 1.72%
- 1Y
- 4.15%
- 3Y*
- 5.11%
- 5Y*
- 3.69%
- 10Y*
- 2.77%
SPTU
- 1D
- 0.03%
- 1M
- 0.29%
- YTD
- 1.66%
- 6M
- 1.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICSH vs. SPTU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 1.55% | 1.01% |
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF | 1.66% | 0.87% |
Correlation
The correlation between ICSH and SPTU is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025 | 0.17 |
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Return for Risk
ICSH vs. SPTU — Risk / Return Rank
ICSH
SPTU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ICSH vs. SPTU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short Duration Bond Active ETF (ICSH) and State Street SPDR Portfolio Ultra Short T-Bill ETF (SPTU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICSH | SPTU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 5.60 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 42.20 | — | — |
| Martin ratioReturn relative to average drawdown | 238.45 | — | — |
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Drawdowns
ICSH vs. SPTU - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, which is greater than SPTU's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for ICSH and SPTU.
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Drawdown Indicators
| ICSH | SPTU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -0.04% | -3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | 0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -0.00% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | — | — |
Volatility
ICSH vs. SPTU - Volatility Comparison
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Volatility by Period
| ICSH | SPTU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 0.33% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.49% | 0.33% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 0.33% | +0.73% |
ICSH vs. SPTU - Expense Ratio Comparison
ICSH has a 0.08% expense ratio, which is higher than SPTU's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ICSH vs. SPTU - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 4.34%, more than SPTU's 2.36% 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% |
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF | 2.36% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICSH and SPTU have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPTU is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPTU is cheaper with a 0.05% expense ratio, compared with 0.08% for ICSH.
ICSH has the higher dividend yield at 4.34%, compared with 2.36% for SPTU.
They also come from different issuers: iShares and State Street. Their fees differ too: 0.08% for ICSH and 0.05% for SPTU.
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