ITDD vs. CSHP

Last updated Jun 23, 2026

ITDD (Ishares Lifepath Target Date 2040 ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - ITDD is a Target Retirement Date fund actively managed by iShares, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, ITDD returned 22.55% vs 3.96% for CSHP. At a 0.01 correlation, their price movements are largely independent. ITDD charges 0.11%/yr vs 0.20%/yr for CSHP.

Performance

ITDD vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lifepath Target Date 2040 ETF (ITDD) 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, ITDD achieves a 9.45% return, which is significantly higher than CSHP's 1.86% return.

ITDD

• 1D: -0.16%
• 1M: 1.33%
• YTD: 9.45%
• 6M: 9.21%
• 1Y: 22.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: -0.01%
• 1M: 0.30%
• YTD: 1.86%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ITDD vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ITDD Ishares Lifepath Target Date 2040 ETF	9.45%	17.66%	2.24%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.86%	4.10%	2.24%

Correlation

The correlation between ITDD and CSHP is -0.13, 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	-0.13
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	0.01

The correlation between ITDD and CSHP shifts across timeframes, from -0.13 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ITDD vs. CSHP — Risk / Return Rank

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

ITDD

ITDD Risk / Return Rank: 70
ITDD Sharpe Ratio Rank: 72
ITDD Sortino Ratio Rank: 71
ITDD Omega Ratio Rank: 72
ITDD Calmar Ratio Rank: 62
ITDD Martin Ratio Rank: 71

CSHP

CSHP Risk / Return Rank: 99
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 99
CSHP Omega Ratio Rank: 99
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.

ITDD vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) 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.

	ITDD	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	2.21	11.22	-9.01
Sortino ratio: Return per unit of downside risk	3.09	28.31	-25.22
Omega ratio: Gain probability vs. loss probability	1.41	6.67	-5.26
Calmar ratio: Return relative to maximum drawdown	2.99	65.84	-62.85
Martin ratio: Return relative to average drawdown	12.90	395.75	-382.86

ITDD vs. CSHP - Sharpe Ratio Comparison

The current ITDD Sharpe Ratio is 2.21, which is lower than the CSHP Sharpe Ratio of 11.22. The chart below compares the historical Sharpe Ratios of ITDD 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.

Drawdowns

ITDD vs. CSHP - Drawdown Comparison

The maximum ITDD drawdown since its inception was -12.46%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for ITDD and CSHP.

Drawdown Indicators

	ITDD	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-0.08%	-12.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-0.06%	-7.50%
Current Drawdown Current decline from peak	-0.37%	-0.01%	-0.36%
Average Drawdown Average peak-to-trough decline	-1.25%	-0.00%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	0.01%	+1.74%

Volatility

ITDD vs. CSHP - Volatility Comparison

Ishares Lifepath Target Date 2040 ETF (ITDD) has a higher volatility of 3.86% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that ITDD'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

	ITDD	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	0.15%	+3.71%
Volatility (6M) Calculated over the trailing 6-month period	8.54%	0.27%	+8.27%
Volatility (1Y) Calculated over the trailing 1-year period	10.25%	0.36%	+9.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.54%	0.41%	+11.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.54%	0.41%	+11.13%

ITDD vs. CSHP - Expense Ratio Comparison

ITDD has a 0.11% expense ratio, which is lower than CSHP's 0.20% 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%.

Dividends

ITDD vs. CSHP - Dividend Comparison

ITDD's dividend yield for the trailing twelve months is around 1.67%, less than CSHP's 3.91% yield.

Position	TTM	2025	2024	2023
CSHP iShares Enhanced Short-Term Bond Active ETF	3.91%	5.39%	1.96%	0.00%
ITDD Ishares Lifepath Target Date 2040 ETF	1.67%	1.82%	1.56%	0.89%

Frequently Asked Questions

Can I hold both ITDD and CSHP in my portfolio?

ITDD and CSHP have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITDD or CSHP?

ITDD has higher volatility (3.86%) compared to CSHP (0.15%). In terms of maximum drawdown, ITDD dropped -12.46% vs CSHP's -0.08%.

Which ETF is better, ITDD or CSHP?

On 1-year performance, ITDD leads with 22.55% vs 3.96% for CSHP. On fees, ITDD is cheaper at 0.11% 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.

Which ETF has performed better, ITDD or CSHP?

Over the 1-year period, ITDD has performed better with a 22.55% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITDD or CSHP?

ITDD is cheaper with a 0.11% expense ratio, compared with 0.20% for CSHP.

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

CSHP has the higher dividend yield at 3.91%, compared with 1.67% for ITDD.

What is the main difference between ITDD and CSHP?

ITDD is categorized as Target Retirement Date, while CSHP is Ultrashort Bond. Their fees differ too: 0.11% for ITDD and 0.20% for CSHP.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.22 vs 2.21), 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.