IPAY vs. CSHP
IPAY (ETFMG Prime Mobile Payments ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - IPAY is a Technology Equities fund tracking the Prime Mobile Payments Index, while CSHP is a Ultrashort Bond fund actively managed by iShares. IPAY is passively managed, while CSHP is actively managed. Over the past year, IPAY returned -21.91% vs 3.96% for CSHP. At a 0.00 correlation, their price movements are largely independent. IPAY charges 0.75%/yr vs 0.20%/yr for CSHP.
Performance
IPAY vs. CSHP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IPAY achieves a -15.66% return, which is significantly lower than CSHP's 1.86% return.
IPAY
- 1D
- -1.15%
- 1M
- -2.98%
- YTD
- -15.66%
- 6M
- -17.25%
- 1Y
- -21.91%
- 3Y*
- 2.40%
- 5Y*
- -8.82%
- 10Y*
- 6.83%
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IPAY vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IPAY ETFMG Prime Mobile Payments ETF | -15.66% | -9.55% | 16.82% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between IPAY and CSHP is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | 0.00 |
The correlation between IPAY and CSHP shifts across timeframes, from -0.16 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IPAY vs. CSHP — Risk / Return Rank
IPAY
CSHP
IPAY vs. CSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETFMG Prime Mobile Payments ETF (IPAY) 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.
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.
| IPAY | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.14 | ||
| Sortino ratioReturn per unit of downside risk | -29.47 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 6.67 | -5.82 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 65.84 | -66.55 |
| Martin ratioReturn relative to average drawdown | -1.26 | 395.75 | -397.01 |
Loading charts...
Drawdowns
IPAY vs. CSHP - Drawdown Comparison
The maximum IPAY drawdown since its inception was -51.75%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for IPAY and CSHP.
Loading charts...
Drawdown Indicators
| IPAY | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.75% | -0.08% | -51.67% |
Max Drawdown (1Y)Largest decline over 1 year | -31.31% | -0.06% | -31.25% |
Max Drawdown (3Y)Largest decline over 3 years | -32.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.75% | — | — |
Current DrawdownCurrent decline from peak | -38.94% | -0.01% | -38.93% |
Average DrawdownAverage peak-to-trough decline | -16.76% | -0.00% | -16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.38% | 0.01% | +17.37% |
Volatility
IPAY vs. CSHP - Volatility Comparison
ETFMG Prime Mobile Payments ETF (IPAY) has a higher volatility of 7.87% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that IPAY'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.
Loading charts...
Volatility by Period
| IPAY | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 0.15% | +7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 18.79% | 0.27% | +18.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 0.36% | +23.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.15% | 0.41% | +25.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 0.41% | +25.02% |
IPAY vs. CSHP - Expense Ratio Comparison
IPAY has a 0.75% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
IPAY vs. CSHP - Dividend Comparison
IPAY's dividend yield for the trailing twelve months is around 0.94%, less than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% |
IPAY ETFMG Prime Mobile Payments ETF | 0.94% | 0.79% | 0.77% |
Frequently Asked Questions
IPAY and CSHP have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPAY has higher volatility (7.87%) compared to CSHP (0.15%). In terms of maximum drawdown, IPAY dropped -51.75% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.96% vs -21.91% for IPAY. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CSHP has performed better with a 3.96% return vs -21.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.75% for IPAY.
CSHP has the higher dividend yield at 3.91%, compared with 0.94% for IPAY.
IPAY is categorized as Technology Equities, while CSHP is Ultrashort Bond. They also come from different issuers: ETFMG and iShares. Their fees differ too: 0.75% for IPAY and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.22 vs -0.92), 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.
Find the right allocation for IPAY and CSHP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer