IGV vs. CSHP

Last updated Jun 4, 2026

IGV (iShares Expanded Tech-Software Sector ET) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Technology-Software Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. IGV is passively managed, while CSHP is actively managed. Over the past year, IGV returned -4.56% vs 3.96% for CSHP. At a 0.04 correlation, their price movements are largely independent. IGV charges 0.46%/yr vs 0.20%/yr for CSHP.

Performance

IGV vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ET (IGV) and iShares Enhanced Short-Term Bond Active ETF (CSHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGV achieves a -5.19% return, which is significantly lower than CSHP's 1.63% return.

IGV

• 1D: -4.33%
• 1M: 13.30%
• YTD: -5.19%
• 6M: -6.07%
• 1Y: -4.56%
• 3Y*: 14.91%
• 5Y*: 6.80%
• 10Y*: 16.89%

CSHP

• 1D: 0.02%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGV vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IGV iShares Expanded Tech-Software Sector ET	-5.19%	5.56%	17.75%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.63%	4.10%	2.24%

Correlation

The correlation between IGV and CSHP is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024	0.04

The correlation between IGV and CSHP shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

IGV vs. CSHP - Sectors Allocation Comparison

Sectors	IGV	CSHP
Technology	89.2%	-
Communication Services	8.6%	-
Financial Services	1.8%	0.1%
Consumer Cyclical	0.3%	-
Industrials	0.2%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IGV vs. CSHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGV

IGV Risk / Return Rank: 7
IGV Sharpe Ratio Rank: 7
IGV Sortino Ratio Rank: 7
IGV Omega Ratio Rank: 7
IGV Calmar Ratio Rank: 7
IGV Martin Ratio Rank: 7

CSHP

CSHP Risk / Return Rank: 100
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 100
CSHP Omega Ratio Rank: 100
CSHP Calmar Ratio Rank: 100
CSHP Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGV vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ET (IGV) and iShares Enhanced Short-Term Bond Active ETF (CSHP). 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.

	IGV	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	11.91	-12.07
Sortino ratio: Return per unit of downside risk	-0.04	31.26	-31.30
Omega ratio: Gain probability vs. loss probability	0.99	7.44	-6.44
Calmar ratio: Return relative to maximum drawdown	-0.13	65.71	-65.83
Martin ratio: Return relative to average drawdown	-0.27	432.16	-432.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGV vs. CSHP - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.17, which is lower than the CSHP Sharpe Ratio of 11.91. The chart below compares the historical Sharpe Ratios of IGV and CSHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGV	CSHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.17	11.91	-12.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	10.75	-10.39

Drawdowns

IGV vs. CSHP - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for IGV and CSHP.

Drawdown Indicators

	IGV	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-63.45%	-0.08%	-63.37%
Max Drawdown (1Y) Largest decline over 1 year	-36.61%	-0.06%	-36.55%
Max Drawdown (3Y) Largest decline over 3 years	-36.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.85%	—	—
Current Drawdown Current decline from peak	-14.93%	0.00%	-14.93%
Average Drawdown Average peak-to-trough decline	-14.44%	-0.00%	-14.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.22%	0.01%	+17.21%

Volatility

IGV vs. CSHP - Volatility Comparison

iShares Expanded Tech-Software Sector ET (IGV) has a higher volatility of 11.63% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.07%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGV	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.63%	0.07%	+11.56%
Volatility (6M) Calculated over the trailing 6-month period	24.39%	0.24%	+24.15%
Volatility (1Y) Calculated over the trailing 1-year period	27.61%	0.33%	+27.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.86%	0.40%	+27.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.35%	0.40%	+25.95%

IGV vs. CSHP - Expense Ratio Comparison

IGV has a 0.46% expense ratio, which is higher than CSHP's 0.20% expense ratio.

Dividends

IGV vs. CSHP - Dividend Comparison

IGV has not paid dividends to shareholders, while CSHP's dividend yield for the trailing twelve months is around 3.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSHP iShares Enhanced Short-Term Bond Active ETF	3.92%	5.39%	1.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGV iShares Expanded Tech-Software Sector ET	0.00%	0.00%	0.00%	0.01%	0.01%	0.00%	0.35%	0.02%	0.16%	0.09%	0.82%	0.22%

Frequently Asked Questions

Can I hold both IGV and CSHP in my portfolio?

IGV and CSHP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGV or CSHP?

IGV has higher volatility (11.63%) compared to CSHP (0.07%). In terms of maximum drawdown, IGV dropped -63.45% vs CSHP's -0.08%.

Which ETF is better, IGV or CSHP?

On 1-year performance, CSHP leads with 3.96% vs -4.56% for IGV. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGV or CSHP?

Over the 1-year period, CSHP has performed better with a 3.96% return vs -4.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGV or CSHP?

CSHP is cheaper with a 0.20% expense ratio, compared with 0.46% for IGV.

Which ETF pays a higher dividend yield, IGV or CSHP?

CSHP has the higher dividend yield at 3.92%, compared with 0.00% for IGV.

What is the main difference between IGV and CSHP?

IGV is categorized as Technology Equities, while CSHP is Ultrashort Bond. Their fees differ too: 0.46% for IGV and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.91 vs -0.17), 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.