ICSH vs. STIP
Compare and contrast key facts about iShares Ultra Short-Term Bond ETF (ICSH) and iShares 0-5 Year TIPS Bond ETF (STIP).
ICSH and STIP 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. STIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Dec 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICSH or STIP.
Performance
ICSH vs. STIP - Performance Comparison
Returns By Period
In the year-to-date period, ICSH achieves a 4.94% return, which is significantly higher than STIP's 4.60% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: ICSH at 2.40% and STIP at 2.40%.
ICSH
4.94%
0.33%
2.87%
5.84%
2.68%
2.40%
STIP
4.60%
-0.11%
2.99%
6.05%
3.50%
2.40%
Key characteristics
| ICSH | STIP | |
|---|---|---|
| Sharpe Ratio | 13.65 | 3.05 |
| Sortino Ratio | 37.42 | 5.09 |
| Omega Ratio | 8.41 | 1.67 |
| Calmar Ratio | 84.56 | 4.60 |
| Martin Ratio | 512.24 | 22.80 |
| Ulcer Index | 0.01% | 0.27% |
| Daily Std Dev | 0.43% | 2.03% |
| Max Drawdown | -3.94% | -5.50% |
| Current Drawdown | 0.00% | -0.43% |
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ICSH vs. STIP - Expense Ratio Comparison
ICSH has a 0.08% expense ratio, which is higher than STIP's 0.06% 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%.
Correlation
The correlation between ICSH and STIP is 0.16, 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. STIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short-Term Bond ETF (ICSH) and iShares 0-5 Year TIPS Bond ETF (STIP). 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. STIP - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 5.27%, more than STIP's 2.45% 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% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.45% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.43% | 1.59% | 0.89% | 0.00% | 0.75% | 0.31% |
Drawdowns
ICSH vs. STIP - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum STIP drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for ICSH and STIP. For additional features, visit the drawdowns tool.
Volatility
ICSH vs. STIP - Volatility Comparison
The current volatility for iShares Ultra Short-Term Bond ETF (ICSH) is 0.14%, while iShares 0-5 Year TIPS Bond ETF (STIP) has a volatility of 0.45%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.